Cancen Closes Acquisition of Kinsella Crude Oil Terminal and Blending Facility from Astra Energy Canada Inc.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Cancen Oil Canada Inc. ("Cancen" or the "Corporation") (TSX VENTURE:COI) is
pleased to announce that it has closed its previously announced acquisition of
the Kinsella Crude Oil Terminal and Blending Facility (the "Facility") from
Astra Energy Canada Inc. ("Astra"). The total purchase price was $5.0 million
consisting of $4.5 million cash and a $0.5 million promissory note (the "Note")
bearing interest at prime plus 2% secured against the Facility and due on
October 31, 2012. 


The Facility is an operating clean oil pipeline terminal and blending facility
strategically located north of Hardisty, Alberta and is connected to the Inter
Pipeline Bow River pipeline system in Beaver County, Alberta. The Facility
consists of surface facilities and equipment required to facilitate custom
blending and terminalling of 500 m3 of various sweet, sour and heavy clean crude
oil per day. The Facility has been in operation since 2004 and provides services
to Western Canadian producers. The Transaction was an "Arm's Length
Transaction", as such term is defined in the policies of the TSX Venture
Exchange Inc.


About Cancen 

Cancen is an energy services company that focuses on providing specialized
services to upstream oil and natural gas companies operating in the Western
Canadian Sedimentary Basin. The services provided by Cancen assist these
companies with the treatment and sale of crude oil and the handling of
by-products associated with oil and natural gas development and production. The
services provided by Cancen include crude oil emulsion treatment, oilfield waste
processing, and disposal of produced and waste water.