Century Energy Ltd.
TSX VENTURE : CEY

February 17, 2011 12:11 ET

Century Energy Announces Successful Land Sale

CALGARY, ALBERTA--(Marketwire - Feb. 17, 2011) - Century Energy Ltd. (TSX VENTURE:CEY) announces that it was successful in its bid to acquire the P&NG rights to approximately 1.5 sections of land at a recent Crown Land Sale in the Edam-North Battleford area of west central Saskatchewan (the "Vawn Prospect").

Heavy oil potential has been identified in both the McLaren and Waseca sands and Century believes the Vawn Prospect to be a south-easterly extension of the prolific producers in the nearby Lloydminster-Edam Waseca Pool. Century partnered on a 50/50 basis with a private company whose management has a long history of heavy oil experience in both cold and Steam Assisted Gravity Drainage (SAGD) production. This fits well with plans to develop this property and is consistent with Century's current focus and growth strategy.

Further details will be provided on Century Energy's website in due course.

Century Energy Ltd. is an oil and gas exploration company pursuing opportunities in Canada and the United States.

Neither 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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