North West Upgrading Completes Strategic Land Swap

    Agreement Provides Rationalization of Upgrader Project's Land Position

    CALGARY, Nov. 22 /CNW/ - North West Upgrading (North West), a
Calgary-based, privately-owned company building an independent, heavy oil
Upgrader in Sturgeon County, Alberta, today announced it has concluded a land
swap with an industry neighbour, resulting in the addition of 162 hectares
(400 acres) of land contiguous with North West's Project Development Area. The
land swap is an example of regional cooperation between industries, resulting
in an improved land position for each party. The additional land will provide
flexibility for construction activities on the North West Upgrader Project,
where site preparation activities are currently underway.
    North West now has over 1,000 acres of contiguous land available to it.

    About North West Upgrading

    North West Upgrading Inc. is a Calgary-based, privately-owned company
committed to building an independent, heavy oil upgrader in Alberta's
Industrial Heartland. The North West Upgrader will enhance the economic value
of Alberta's bitumen and heavy oil production by producing light, low sulphur
products such as Ultra Low Sulphur Diesel and diluent. The Upgrader will have
a total processing capacity of 231,000 barrels per day of blended feedstock
over three phases. North West anticipates it will achieve start up for the
first phase in 2011. All three phases are expected to be operating by 2015.

For further information:

For further information: Editorial contact: Shauna MacDonald for North
West Upgrading, P: (403) 538-5645, C: (403) 585-4570,

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North West Upgrading Inc.

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