Novawest Resources Inc. - Private placements arranged



    VANCOUVER, Dec. 20 /CNW/ - Novawest Resources Inc. (TSXV - "NVE";
Frankfurt - "NWN"), and its Board of Directors are pleased to announce that
the Company has arranged Private Placements totaling $875,000 Cdn comprised of
4,375,000 units, at a price of $0.20/Unit. The private placements are
comprised of both flow-through and non-flow-through units.
    The above $875,000 Cdn is comprised of $660,000 flow-through funds and
$215,000 working capital. The Company will issue 3,875,000 one-half warrants
exercisable for a period of 24 months. Upon exercise of two one-half warrants
and payment of $0.25 Cdn, warrant holders will be issued one non flow-through
common share. The Company will also issue 500,000 full warrants which each
will be exercisable within a period of 24 months and payment of $0.25 Cdn for
one common share.
    Finder's fees may be paid on these transactions, subject to the policies
of the TSX Venture Exchange. All shares issued will be subject to a hold
period per the policies of the TSX Venture Exchange, and these Private
Placements are subject to the approval of the TSX Venture Exchange.
    Novawest invites the public to visit its website at
http://www.Novawest.com or e-mail us at Novawest@Novawest.com to be added to
the Company's e-mail list for press releases and updates.

    ON BEHALF OF THE BOARD OF DIRECTORS OF NOVAWEST RE

SOURCES INC. "Patrick D. O'Brien" ------------------------------- Patrick D. O'Brien - Chairman Novawest invites the public to visit its website at http://www.novawest.com or e-mail the company at novawest@novawest.com to be added to the company's e-mail list for press releases and updates. S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN

For further information:

For further information: Suite 1600, The Bower Building, 543 Granville
Street, Vancouver, British Columbia, Canada, V6C 1X8, Tel: (604) 683-8990,
Toll-Free: 1-800-663-8990, Fax: (604) 683-8903, www.novawest.com,
novawest@novawest.com

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NOVAWEST RESOURCES INC.

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