0001144204-06-029356 Sample Contracts

CONSULTING AGREEMENT
Consulting Agreement • July 21st, 2006 • Canwest Petroleum Corp • Miscellaneous metal ores • Alberta

WHEREAS the Corporation wishes to engage the Consultant to provide the services as the President and Chief Executive Officer of the Corporation pursuant to the terms of this Agreement;

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Standard Contracts

SUBSCRIPTION AGREEMENT FOR FLOW-THROUGH SHARES
Subscription Agreement for Flow-Through Shares • July 21st, 2006 • Canwest Petroleum Corp • Miscellaneous metal ores • Alberta

The undersigned (hereinafter referred to as the "Subscriber") hereby irrevocably subscribes for and agrees to purchase the number of common shares of the Corporation to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares") set forth below for the aggregate subscription price set forth below (the "Aggregate Flow-Through Subscription Price"), representing a subscription price of $6.60 per Flow-Through Share, upon and subject to the adjustments, terms and conditions set forth in "Terms and Conditions of Subscription for Flow-Through Shares of CanWest Petroleum Corporation" attached hereto (together with the face pages and Exhibit 1 hereto, the "Subscription Agreement").

EXECUTIVE EMPLOYMENT AGREEMENT THIS AGREEMENT made as of the 1st day of May, 2006.
Executive Employment Agreement • July 21st, 2006 • Canwest Petroleum Corp • Miscellaneous metal ores • Alberta

CANWEST PETROLEUM CORPORATION, a corporation incorporated under the laws of the State of Colorado, U.S.A. (hereinafter referred to as the "Corporation")

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