MegaWest to Participate in Scottsdale Investment Conference

OTC BB: MGWSF

Cusip: No.585168 107

CALGARY, Jan. 26 /CNW/ - MegaWest Energy Corp., (the "Company" or "MegaWest"), announced today that it will be presenting and participating at the Scottsdale Small/Micro Cap Conference at the Four Seasons Resort in Scottsdale Arizona from February 1st to 3rd, 2010. The conference has been organized and sponsored by Accredited Members Inc. of Colorado Springs, Colorado.

MegaWest encourages interested investors and shareholders to attend and participate in the conference. MegaWest senior management will be attending the conference and will be pleased to discuss the company with interested investors and shareholders at booth number 28. MegaWest senior management will be making a formal presentation to the conference on Wednesday February 3, 2010 at 9:25 am. Registration is limited so to secure one of 300 registration spots, accredited investors can register at: www.theamiexperience.com/register.

MegaWest is an independent oil and gas company, specializing in non-conventional oil and gas projects with a focus on North American heavy oil

Forward-Looking Statements

This press release contains forward-looking information and statements related to future events. Forward-looking statements are not guarantees of future performance and are subject to a wide range of known and unknown risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable; there can be no assurance that such expectations will be realized. Therefore, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

%CIK: 0001172298

SOURCE MEGAWEST ENERGY CORP.

For further information: For further information: R. William (Bill) Thornton, President & CEO, Telephone: (403) 984-6342; Kelly D. Kerr, Vice President Finance & CFO, Telephone: (403) 984-6306, Suite 800, 926 - 5th Avenue SW, Calgary, AB, T2P 0N7, Email: investor.relations@megawestenergy.com, Website: www.megawestenergy.com

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MEGAWEST ENERGY CORP.

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