Century Energy Ltd. Completes First Tranche of Private Placement

Century Energy Ltd. (TSX VENTURE:CEY) (the "Company") is pleased to announce
that it has closed the first tranche of the non-brokered private placement
announced on June 20, 2011 (the "Offering"). The Company issued 5,700,000 units
(the "Units") at a price of $0.05 per Unit for gross proceeds of $285,000.00.


Each Unit consists of one common share of the Corporation (a "Share") and one
share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to
buy one common share at an exercise price of $0.10 at any time until the close
of business on the earlier of : (i) 18 months from the date of the issuance of
the Warrant; and (ii) the date, following the expiry of 4 months from the date
of the issuance of the Warrant, occurring 30 days from the date the
Warrantholder receives notice from the Company that there has been a period of
10 consecutive trading days during which time the closing trading price of the
common shares of the Company was $0.15 or higher.


The Company intends to close the balance of the Offering shortly. The
Corporation paid Canaccord Genuity Corp. a finder's fee in connection with this
closing of $25,650 in cash (representing 9% of the gross proceeds raised) and
513,000 finder's warrants (representing 9% of the Units issued) with an exercise
price of $0.10 and expiry date of January 22, 2013. 


All Shares and Warrants forming the Units issued pursuant to the Offering and
all Shares issued in connection with the exercise of the Warrants will be
subject to a hold period expiring on November 23, 2011, in accordance with the
policies of the TSX Venture Exchange and applicable securities laws. Proceeds
from the Offering will be used for development of the Corporation's Vawn heavy
oil prospect in Central Western Saskatchewan (the "Vawn Prospect") and for
general corporate purposes. More information concerning the Vawn Prospect can be
found on the Company's web site at www.centuryenergyltd.com.


Century Energy Ltd., www.centuryenergyltd.com,  is an oil and gas exploration
company pursuing opportunities in Canada and the United States.