East West Petroleum Corp. provided an update on operations. The Company's joint venture partner and operator, Naftna Industrija Srbije (NIS), has provided the following information. The operator, NIS, is actively progressing with comprehensive exploration programs in the EX-2, EX-3, EX-7 and EX-8 exploration blocks. It should be noted that all activities are dependent on securing the necessary government and local approvals. Block EX-2; the 3D seismic acquisition program of 170 Km2 was completed in third quarter of 2019 and processing is underway. The Phase 1 Exploration Period was extended for another two years and now ends in December 2021. Block EX-3; processing of the 223 km2 of 3D seismic data acquired in 2018 has been finished and interpretation is underway. Results are expected by end 2019. The Phase 1 Exploration Period was also extended for another two years and now ends in December 2021. Block EX-7; An exploration well, Bvs-1000, was drilled in the first quarter of 2019 to a total depth of 3,800m and encountered several potential hydrocarbon bearing zones as identified on logs. Testing is now expected to commence in first quarter of 2020. A deviated appraisal well on the Teremia North discovery, Ter-1001, was drilled in first quarter of 2019 and encountered several potential hydrocarbon-bearing zones. A long-term test was conducted from April to July 2019 which established a stabilized oil flow rate of approximately 150 bopd. Extended well testing is ongoing. Block EX-8; A second deviated appraisal well on the Teremia North field, Ter-1002, was spudded in September 2019 and has been drilled to a measured depth of more than 2,600 m. Extended testing is planned. An exploration well, Pes-1000 was drilled and completed in third quarter of 2019 to a total depth of around 2,500 m. Several potential hydrocarbon bearing zones were encountered and testing is planned to commence before the end of 2019.