CFY CF Energy Corp

Changfeng Energy Inc. (TSX VENTURE:CFY) ("Changfeng" or the "Company") announces
that, pursuant to its Stock Option Plan, the Company has granted stock options
(the "Options") to certain officers, directors, employees and consultants to
acquire up to an aggregate of 3,400,000 common shares of the Company after the
close of business on August 23, 2013. All the Options are exercisable at a price
of 35 cents per share which was the closing price of the Company's shares on the
TSX Venture exchange on August 23, 2013. The term of the Options is five years
from the date of grant.


Mr. Yan Zhao, the newly hired CFO of the Company, was issued 300,000 options.
150,000 of the options granted to Mr. Zhao vested immediately on the grant date
of August 23, 2013. One-third of the balance of the 3,250,000 Options granted
vested immediately on the grant date of August 23, 2013 while the remaining
two-thirds will vest equally on the next two anniversaries of the date of grant
provided certain Company performance milestones are achieved.


The granting of the Options is intended to substantially replace previous grants
of 3,150,000 options which expired unexercised earlier in 2013. 2,700,000 of the
Options were granted to fifty-one (51) persons who were directors, officers,
employees or consultants of the Company residing in China.


The terms and conditions of the Options are subject to the approval of the TSX
Venture Exchange.


About Changfeng Energy Inc.

Changfeng Energy Inc. is a natural gas service provider with operations located
throughout the People's Republic of China. The Company services industrial,
commercial and residential customers, providing them with natural gas for
heating purposes and fuel for transportation. The Company has developed a
significant natural gas pipeline network as well as urban gas delivery networks,
stations, substations and gas pressure regulating stations in Sanya City and
Haitang Bay. Through its network of pipelines, the Company provides safe and
reliable delivery of natural gas to both homes and businesses. The Company is
headquartered in Toronto, Ontario and its shares trade on the Toronto Venture
Exchange under the trading symbol "CFY". For more information, please visit the
Company website at www.changfengenergy.com.


Forward-Looking Statements

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. The forward-looking statements
contained herein are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this document are made as
of the date of this document and the Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly
required by applicable securities legislation. Although Management believes that
the expectations represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be correct. This
news release does not constitute an offer to sell or solicitation of an offer to
buy any of the securities described herein and accordingly undue reliance should
not be put on such.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSXV) accepts responsibility for the adequacy
or accuracy of this release.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Changfeng Energy Inc.
Mr. Yan Zhao CPA. CA
Chief Financial Officer
416.362.5032/647.528.0115
yan.zhao@changfengenergy.com


Changfeng Energy Inc.
Ms Ann S.Y. Lin
VP, Corporate Development and Corporate Secretary
416.362.5032
416.362.2393 (FAX)
ann@changfengenergy.com
www.changfengenergy.com

CF Energy (TSXV:CFY)
Historical Stock Chart
From May 2024 to Jun 2024

CF Energy (TSXV:CFY)
Historical Stock Chart
From Jun 2023 to Jun 2024