Cancen Oil Canada Inc.: Strathcona County Issues Development Permit for the Chamberlain Custom Treating Facility

EDMONTON, ALBERTA--(Marketwire - Aug. 8, 2012) -

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Cancen Oil Canada Inc. ("Cancen" or the "Corporation") (TSX VENTURE:COI) is pleased to announce that the Chamberlain facility (the "Facility"), located on 17th Street in Edmonton, in the heart of refinery row, has been approved for development by Strathcona County. The Facility has already been approved by the Alberta Energy Resources Conservation Board (ERCB). The Facility will consist of surface facilities and equipment capable of treating 300 m³ (1850 bbl) of oil/water emulsions per day. Cancen intends to rework the produced water disposal well onsite to facilitate onsite produced water disposal. The build out is ongoing and management expects that operations could commence in late fall of 2012.

Reader Advisory

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Corporation's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the completion of the Facility and commencement of operations. Such statements and information reflect the current view of the Corporation with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

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