VANCOUVER, Petromin Resources Ltd. (PTR) to announce that
TerraWest Energy Corp. (TWE) - a private company in which PTR is a major
shareholder - has now finalized contractual arrangements for Xinjiang
Geologic Engineering Co. Ltd. to commence immediately the drilling of up to
two wide diameter wells (1500m and 800m) this October 2008 on TWE's 655 sq
km (253 square miles) Production Sharing Contract (PSC) acreage in
Liuhuanggou area of Xinjiang province, P.R. China.

Subject to availability, two separate rigs are to be used over the
anticipated 45-day drilling program.

The 1500m well (08-03) offsets a TWE 2006 coal coring drillhole and gas
desorption location (06-01) completed in 2006 which encountered
approximately 30 plus meters of Jurassic aged (Xishanyao or J2x formation)
coal with gas content of up to 100 cu.ft / ton at a depth of approximately
450m.

This 1500m well is designed to also test for a deeper second Jurassic
aged (Badaowan or J1b formation) coal at approximately 1100m and test
various sandstones for gas potential along the way. The hole will be logged
and the well is expected to be cased to 1500m with coring of the deeper
coal and later production testing of the various zones of interest
including well stimulation with a frac anticipated in the upper coal.

The 800m well (08-01) offsets another TWE coal coring drillhole and gas
desorption location (06-03) and is designed to be drilled and cased to the
top of the J2x coal and then to run open hole permeability and production
flow tests of the 40m plus J2x coal seams.

TWE is also negotiating for a third well anticipated to be drilled this
fall which would be a step out location (08-02) to the northeast for
further drillhole coring and gas desorption testing thus expanding the
potential resource area of the J2x coal and if successful follow up with
another offsetting production test well.

The TWE PSC is located on the southern margin of the Junggar
sedimentary basin, which is a productive petroleum and natural gas region
considered highly prospective for CBM based on the extensive coal
resources. There are a number of active coal mines in the southern sector
of the Junggar basin and new CBM exploration projects have been recently
announced. There is an existing natural gas pipeline infrastructure
adjacent to the TWE PSC project area that carries conventional natural gas
produced in the Junggar Basin to the nearby provincial capital city of
Urumqi and links the area to the major trans-national West-East pipeline.
Urumqi, a city of over 2mm people, is located adjacent to the PSC project
area and is an emerging natural gas market in its own right. The Junggar
Basin is targeted for further oil and natural gas pipeline development. The
preliminary estimate of CBM potential for the whole Junggar Basin, as
reported by China United Coalbed Methane Corporation (CUCBM), is 69 Tcf
(i.e. approximately 2 Trillion cubic meters).

TWE holds 47% of the PSC signed between TWE and CUCBM in December, 2005
which is one of the CBM production sharing contracts in the P.R. China with
a foreign party on an area leased by PetroChina. TWE is operator. Three
drillholes were previously drilled in the acreage and intersected coal
seams with an aggregate thickness of over 40 meters. Gas desorption from
the drill holes indicated a gas content of 65-100 Scf/ton. Preliminary
calculations indicated more than 8 Bcf per square mile (section) of gas
potential in the areas where the intersected coal seams are well developed.
As indicated, this gas potential does not include the deeper Badaowan (J1b)
formation coal seams.

To encourage the development and production of domestic CBM, the
Chinese Government has: (1) waived value-added tax on CBM gas production,
(2) given CBM gas priority over conventional gas for pipeline access; and
(3) granted a price subsidy for CBM gas sales (approximately $1.00 US per
Mcf).

PTR is a major shareholder in TWE and provides management and other
services under the terms of a management services agreement.