Canada Energy Partners Inc.
TSX VENTURE : CE

Canada Energy Partners Inc.

August 01, 2014 07:30 ET

Canada Energy Partners Closes Montney Sale

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 1, 2014) - Canada Energy Partners Inc. (the "Company") (TSX VENTURE:CE) is pleased to announce that it has closed the sale of the Company's Montney rights for $15,720,000.

CIBC World Markets Inc. acted as financial advisor to the Company with respect to the transaction.

The Company will issue a press release in the near future regarding the distribution to shareholders with details of the timing, the effective date, and final distribution amount.

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.

Forward Looking Statements: This press release contains forward looking statements relating to expected or anticipated future events and operations, number of wells to be drilled, timing of projects and anticipated results that are forward looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the companies' capability to execute and implement future plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. There is no representation by the companies that actual results achieved during the forecast period will be the same in whole or in part as that forecast.

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