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CANADA ENERGY PARTNERS ANNOUNCES CLARIFICATION ON RECENT STOCK OPTION GRANT

October 29, 2010

VANCOUVER, BRITISH COLUMBIA - Canada Energy Partners Inc. (the “Company”) (TSX VENTURE: CE) wishes to clarify the information contained in its press release dated October 12, 2010. The press release should have stated that effective October 8, 2010, the Company granted a total of 7,667,500  new stock options having an exercise price of $0.63 per share and an expiry date of October 8, 2015, to directors, officers, employees and consultants of the Company; and cancelled a total of 4,437,500 previously granted stock options, in stages.  No stock options were amended and the Company will not be seeking shareholder approval to any option amendments.

 

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

John Proust
Chairman

CANADA ENERGY PARTNERS INC.
1500 – 885 West Georgia St.
Vancouver, BC   V6C 3E8
Main Phone: (604) 909-1154 / Facsimile: (604) 488-0319

Attention: John Proust, Chairman
Email: info@canadaenergypartners.com
Direct Phone:  (604) 696-9020

Attention: Ben Jones, President and CEO
Email: info@canadaenergypartners.com
Direct Phone:  (225) 388-9900

www.canadaenergypartners.com

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.  Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

 


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