CityView Corporation Limited
OTC Bulletin Board : CTVWF

CityView Corporation Limited

December 13, 2007 10:00 ET

CityView Completes $10 Million Placement

OTTAWA, ONTARIO--(Marketwire - Dec. 13, 2007) - CityView Corporation Limited ("CityView")(OTCBB:CTVWF)(ASX:CVI) is pleased to announce that it has successfully completed the placement of 41.71 million ordinary shares at $0.24 per share to raise $10 million. Intersuisse Corporate Pty Ltd acted as a manager to the placement, with participation from local and overseas sophisticated and other investors under Section 708 of the Corporations Act.

The Company will primarily utilise the funds raised through this placement to finalise its oil projects in Angola and Cameroon and increase its holding in Fortitude Minerals Limited.

Mark Smyth, Chief Executive Officer

About CityView Corporation

City View Corporation Ltd. is an exploration and development company. It is managements' objective to grow CityView into a significant uranium, beryllium, oil and gas project by developing its interest in Angola. The company trades on the OTCBB market under the symbol "CTVWF" and on the Australian Exchange under the symbol "CVI". For more information please visit the company's web site at:

Forward-Looking Statements

This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provision of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, and performance. Forward-looking statements are subject to risk and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete transactions which remain subject to a due diligence review, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify from time to time. Accordingly, there is no certainty that the company's plans will be achieved.

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