Canada Energy Partners Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 12, 2013) - Canada Energy Partners (the "Company") (TSX VENTURE:CE) is pleased to announce that it has closed the private placement, previously announced on July 24^th, of 5 million shares of the Company's common stock at $0.10 per share for total net proceeds of $500,000. There were no brokerage fees associated with the private placement.

Under applicable Canadian securities laws, the shares issued in the private placement are subject to a four-month and one day hold period, expiring on December 10, 2013.

On behalf of the Board of Directors of Canada Energy Partners Inc.

John Proust, Chairman

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