CE Canada Energy Partners Inc

Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE)
is pleased to announce that the Company and Daylight Energy Ltd. ("Daylight")
have mutually settled the legal dispute over the Seismic Option Agreement on the
Company's Monias Prospect (see the Company's April 17, 2009 announcement). Under
the terms of the settlement, Daylight will be deemed to have earned a 60%
working interest in four sections and the 13 - 30 - 81 - 21 wellbore with the
Company retaining a 40% working interest in the four sections and the 13 - 30 -
81 - 21 wellbore. Daylight will have no further earning rights in the Monias
Prospect and the Company will retain a 100% interest in the four remaining
sections in the Monias Prospect. Under the original terms of the Seismic Option
Agreement, West Energy Ltd., a company acquired by Daylight in May 2010, had the
option to earn a 65% interest in the eight sections comprising the Monias
Prospect. 


Offset operators continue to de-risk the Company's Monias Prospect. Shell has
drilled one vertical and four horizontal Montney wells immediately off the
southeast corner of the Company's Monias lease line and is currently drilling a
fifth well. The Company owns 100% of the three sections closest to the Shell
wells. Terra Energy is currently drilling a Montney test well 1.4 miles north of
the Company's north lease line and has four other Montney wells permitted in the
immediate area.


Canada Energy is an active oil and gas exploration and development company with
approximately $3.6 million of working capital. The Company possesses a large
concentrated land position in a high-impact, multi-zone, natural gas-bearing
area in northeast British Columbia.


On behalf of the Board of Directors of Canada Energy Partners Inc.

John Proust, Chairman

Forward Looking Statements: This news release contains forward looking
statements relating to expected or anticipated flow rates, timing for drilling
and completion operations, future events and operations, number of wells to be
drilled, timing of projects and anticipated results that are forward looking in
nature and, as a result, are subject to certain risks and uncertainties, such as
general economic, market and business conditions, the regulatory process and
actions, technical issues, new legislation, competitive and general economic
factors and conditions, the uncertainties resulting from potential delays or
changes in plans, the occurrence of unexpected events, and the company's
capability to execute and implement future plans. Actual results achieved may
vary from the information provided herein as a result of numerous known and
unknown risks and uncertainties and other factors. There is no representation by
the company that actual results achieved during the forecast period will be the
same in whole or in part as that forecast.

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