Century Energy Ltd.
TSX VENTURE : CEY

Century Energy Ltd.

October 18, 2012 08:00 ET

Century Energy Ltd. Announces That It Will Not Proceed With Proposed Private Placement of Units and Flow-Through Shares, and Termination of Property Option Agreement

CALGARY, ALBERTA--(Marketwire - Oct. 18, 2012) -

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Century Energy Ltd. ("Century" or the "Company") (TSX VENTURE:CEY) announces, further to its news release dated August 29, 2012, that the Company has made the decision not to proceed with the proposed private placement described therein, in favour of pursuing other opportunities.

The Company also announces that the property option agreement between Century and Pacific Iron Ore Corporation relating to certain mining properties in Ontario, Canada, which the Company announced on August 13, 2012, has terminated in accordance with its terms.

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

Neither the 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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