Canadian Energy Exploration Inc.
TSX VENTURE : XPL

March 01, 2010 08:00 ET

Canadian Energy Retains DSK Consulting to Provide Investor Relations Services

CALGARY, ALBERTA--(Marketwire - March 1, 2010) - 2010 – Canadian Energy Exploration Inc. (the "Company") (TSX VENTURE:XPL) is pleased to announce that the Company has retained the services of DSK Consulting Ltd. ("DSK"), a Calgary Alberta based company, to provide investor relations services. DSK will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. DSK takes a full service approach to investor relations and provides effective, results-driven investor relations programs for Canadian public companies. DSK is wholly owned by Scott Koyich. Mr. Koyich, through DSK Management Corp., owns equity in the Company.

The agreement is effective March 1, 2010 and may be terminated by either party at any time. DSK will be paid a monthly fee of $6,000 and has been granted 500,000 options to purchase common shares at a price of $0.20 per share. The options will vest equally and quarterly over the first 12 months after issuance. The options and agreement are subject to receipt of TSX Venture Exchange approval.

Eric Leslie C.O.O. of Canadian Energy stated "We are looking forward to working with DSK who will actively engage the investment community on our behalf. With the assistance of DSK our Company's inherent value will be best communicated and fully appreciated."

About Canadian Energy Exploration Inc.

Canadian Energy Exploration is a junior oil and gas company engaged in the exploration for and development and production of natural gas and oil reserves. The Company's Common Shares are listed to trade on the TSX Venture Exchange under the symbol "XPL".

Forward-Looking Statements

In the interest of providing the Company's shareholders and potential investors with information regarding the Company, including the appointment of DSK as the Company's investor relations consultant, certain statements contained in this press release constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target", and similar words suggesting future events or future performance. In particular, this press release contains, without limitation, forward-looking statements pertaining to the following: expectations of management regarding the engagement of DSK and the effect of the engagement on the Company's operations.

With respect to forward-looking statements contained in this press release, we have made assumptions regarding, among other things: the ability of the Company to obtain the necessary TSX Venture Exchange approval required in order to proceed with the proposed agreement. Although the Company believes that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions, or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks, and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will not occur, which may cause the Company's actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the following: that the proposed agreement may not proceed when planned or at all or on the terms and conditions set forth herein; and the failure of the Company to obtain the necessary TSX Venture Exchange approval required in order to proceed with the proposed agreement. The Company's business is subject to various risks that are discussed in its filings on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

The forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events, or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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