SNG Canadian Superior Energy,

Canadian Superior Energy Inc. (TSX: SNG)(AMEX: SNG) ("Canadian Superior") of Calgary, Alberta, Canada announced today that it has entered into an agreement (the "Agreement") for a non-brokered private placement offering (the "Offering) in the amount of $35,000,000 USD. The offering will be by way of the issuance of 8,750,000 individual Units (the "Units") at a price of $4.00 USD per Unit and has been fully subscribed by three of our existing shareholders.

Units will be comprised of one Canadian Superior Energy common share and one-half of one common share purchase warrant, each whole warrant exercisable for a period of one year and at an applicable strike price of $4.75 USD. Proceeds of the offering will be used to fund Canadian Superior's exploration spending and new business development activities.

Pursuant to the terms of the Agreement, Canadian Superior will be filing a registration statement with the SEC. Closing of the transaction is subject to the approval of the Toronto Stock Exchange ("TSX") and the American Stock Exchange ("AMEX").

Canadian Superior is a Calgary, Alberta, Canada based oil and gas exploration and production company with operations primarily offshore Trinidad and Tobago, Offshore Nova Scotia, Canada and in Western Canada. See Canadian Superior's website at www.cansup.com to review Canadian Superior's operations in Western Canada, offshore Trinidad and Tobago and Offshore Nova Scotia interests. Canadian Superior has approximately 20,000 shareholders worldwide, including some of the top institutional shareholders in North America.

This news release contains forward-looking information, including estimates, projections, interpretations, prognoses and other information that may or relates to future production, resource potential and/or reserves, project start-ups and future capital spending. Actual results, estimates, projections, resource potential and/or reserves, interpretations, prognoses and/or estimated results could differ materially due to changes in project schedules, operating performance, demand for oil and gas, commercial negotiations or other technical and economic factors or revisions. This news release may contain the reference to the term "undiscovered natural gas resources", which are those quantities of natural gas estimated to be contained in accumulations yet to be discovered. There is no certainty that any portion of undiscovered resources will be discovered and that, if discovered, in this or any other discovery, the discovered resource may not be economically viable or technically feasible to produce.

Statements contained in this news release relating to future results, events and expectations are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks, uncertainties, scheduling, re-scheduling and other factors which may cause the actual results, performance, estimates, projections, resource potential and/or reserves, interpretations, prognoses, schedules or achievements of the Corporation, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, those described in the Corporations' annual reports on Form 40-F or Form 20-F on file with the U.S. Securities and Exchange Commission.

Contacts: Canadian Superior Energy Inc. Investor Relations (403) 294-1411 (403) 216-2374 (FAX) Website: www.cansup.com Canadian Superior Energy Inc. Suite 3200, 500 - 4th Avenue S.W. Calgary, Alberta Canada T2P 2V6