Canada Energy Partners Inc.

Canada Energy Partners Inc.

October 15, 2014 07:30 ET

Canada Energy Partners Inc.: Appointment of a Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 15, 2014) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce the appointment of Winston R. Purifoy as a director of the Company.

Mr. Purifoy has over 30 years of experience in sourcing, structuring and managing equity investments in energy, agriculture, medical, technology, printing, real estate, financial services, and telecom. Mr. Purifoy has been a key advisor in transactions totaling over $700 million in value. Mr. Purifoy was a founder of Value Added Communications. He is the co-founder and co-manager of Cibolo Capital Partners. Cibolo founded Senderra RX Partners in 2010, a Texas-based Specialty Pharmacy with current annual revenues of $350 million. In addition, Mr. Purifoy was a co-founder of Canada Energy Partners in 2006, served as a director from 2006-2009, has been a significant shareholder throughout the Company's life, and thereby brings an intimate history and knowledge of the assets, business plan, and personnel associated with the Company.

The Company also announces the grant of an aggregate of 800,000 stock options to two directors of the Company at an exercise price of $0.10 per common share until October 9, 2019. In addition, the Company has cancelled an aggregate of 2,430,000 stock options previously granted to a director and a consultant of the Company.

The Company is an oil and gas exploration firm with a concentrated land position on the Cretaceous, Gething coalbed methane play in northeast British Columbia.

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

John Proust, Chairman

The TSX Venture Exchange does not accept responsibility for the adequacy or the 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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