Century Energy Ltd.
TSX VENTURE : CEY

Century Energy Ltd.

November 24, 2011 08:30 ET

Century Energy Announces Well Spud

CALGARY, ALBERTA--(Marketwire - Nov. 24, 2011) -

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Century Energy (TSX VENTURE:CEY) announces that the Vawn 10-30-047-18w3M well spudded on November 22nd. The drilling rig is anticipated to be on location for approximately 5 days. The well targets a potentially productive heavy oil pay zone in the Waseca formation and is designed to test other prospective zones in the Sparky and Lloydminster sands to a depth of 500 meters.

Century has a 50% working interest in the Vawn Prospect.

Brian J. McBeath, President and Chief Executive Officer commented: "This well represents the first step in what we hope will turn into a significant development opportunity for our Company."

More information concerning the Vawn Prospect can be found on the Company's web site at www.centuryenergyltd.com.

Additional information relating to the Company is available on SEDAR at www.sedar.com.

Century Energy Ltd., www.centuryenergyltd.com, 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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