Century Energy Ltd.
TSX VENTURE : CEY

Century Energy Ltd.

October 26, 2011 14:44 ET

Century Energy Updates Vawn Prospect

CALGARY, ALBERTA--(Marketwire - Oct. 26, 2011) -

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

Century Energy (TSX VENTURE:CEY) announces that the Ministerial Order (MRO) for the Company's Off Target Application has been approved and received and will be included in the well license application the approval of which will allow the Company to undertake the drilling of the Vawn 10-30-047-18w3M well. Subject to the timeliness of the application being processed by regulatory authorities and based on information provided by service providers, the Companyhopes to be able to spud our well in approximately two or more weeks. In the meantime, the 2D Seismic program at Vawn has been surveyed with the expectation that it will be shot and recorded in the next week. More information concerning the Vawn Prospect can be found on the Company's web site at www.centuryenergyltd.com.

The Company also announces that it has granted a total of 2,450,000 stock options to directors and officers at an exercise price of $0.10 per common share with a five-year term to expiry.

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.

Contact Information