CE Canada Energy Partners Inc

Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE)
is pleased to provide results from extended testing of the Portage c-20-E well
subsequent to those results provided in the Company's December 13th
announcement.


The initial re-test of the Portage c-20-E as reported on the 13th was
prematurely terminated due to safety concerns due to potential metal fatigue
associated with the significant pressure drop at surface and extreme cooling.
Subsequently, the necessary heating equipment was installed to allow testing of
the well to continue with regard to safety. The well was re-opened for a two day
flow period, during which the peak flow-rate was 9.7 million cubic feet per day
(see attached flare photo). A stabilized flow rate of 4.4 million cubic feet per
day was experienced at the end of the test, with the well performing at an
average rate of 6.6 million cubic feet per day for the final two day period. The
c-20-E re-test results of 1100 mcf/d per frac treatment compares very favorably
with the Talisman completions on their Farrell Project 5 miles to the north
where the fracture treatments from the Upper Montney have averaged 540 mcf/d per
fracture treatment.


The c-20-E was drilled in the first quarter of 2010 and initially completed in
June 2010 (see Company announcement dated July 6, 2010), testing between 1.7 and
2.7 million cubic feet per day during a ten day test. The lateral length was
1000 meters and was fraced with four stages. This is approximately half the
length and half the sand placement of a typical development well in the area.


The Company expects this retest to have a favourable impact on the year end 2010
reserve report which will be completed and disclosed as soon as practical. 


Due to the difference in results at c-20-E over time, the Company will retest
the 3-12 well in the future as it is anticipated the reservoir will exhibit the
same improved characteristics.


The Company believes that the initial drilling program conducted by the Operator
has confirmed a large in-place gas resource at Peace River and has significantly
de-risked the play. The Company owns an interest in the Peace River CBM gas
plant which can be adapted to Montney production with minor modifications. It is
also notable that there remain three untested formations (Doig Siltstone, Doig
Phosphate, and Lower Montney) that have been deemed commercial by adjacent
operators in the area with large confirmed in-place gas resources. Canbriam has
recently announced a Lower Montney test at Farrell of 1 million cubic feet per
day per frac stage, with 8 frac stages conducted. Talisman's first Lower Montney
horizontal at Farrell is performing commensurately with its Upper Montney wells
and completed their first horizontal well in the Doig Phosphate in October 2010.


Monias Update

The Company owns 5 net sections at Monias, three of which are owned 100% and are
adjacent to the Shell acreage (see attached map). Shell drilled a very
successful vertical Montney test 1.5 miles from the Company's lease line in Q4
2009. Shell followed that up with 5 horizontal wells which were directionally
drilled in close proximity of the Company's lease line. The Company has
confirmed that Shell has initiated completion operations on one or more of their
wells offsetting the Company's Monias acreage. This data must be released within
thirty days of completion. The log on one of the five Shell horizontals, which
was drilled to within 150 meters of the Company's lease line, has been released
and shows an extraordinary pay section of 3-9% porosity throughout the 2000
meter horizontal wellbore. 


Canada Energy is an active oil and gas exploration and development company. 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

To view the map associated with this press release, please visit:
http://media3.marketwire.com/docs/ce-monias.pdf.


To view the photo associated with this press release, please visit:
http://media3.marketwire.com/docs/ce-retest.pdf.


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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