Cancen Oil Canada Inc.: Alberta Energy Resources Conservation Board Issues Class II Disposal Scheme Approval at the Silver Va...

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Cancen Oil Canada Inc. ("Cancen" or the "Corporation") (TSX VENTURE:COI) is
pleased to announce that the Silver Valley facility (the "Facility"), located
near Gordondale, Alberta in Northwestern Alberta has been approved by the
Alberta Energy Resources Conservation Board (the "ERCB") to accept produced
water for deepwell disposal onsite. 


The Facility is currently operating as an ERCB-approved custom treating
facility. This approval facilitates onsite disposal of produced water recovered
during the treatment process and also permits Cancen to accept third-party
produced water for deepwell disposal. Onsite produced water disposal complements
the existing services offered and increases operating efficiencies at the
Facility. Operation of the onsite produced water disposal well will commence
immediately at the Facility. 


The Corporation also announces that the Corporation and its Agents anticipate
holding the third and final closing of its brokered private placement on October
4, 2012.


About Cancen 

Cancen is an energy services company that focuses on providing specialized
services to upstream oil and 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.


Reader Advisory 

This press release contains forward-looking statements and information that are
based on the beliefs of management and reflect the Corporation's current
expectations. When used in this press release, the words "estimate", "project",
"belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should"
and the negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and information.
The forward-looking statements and information in this press release include
information relating to the timing of operation at the Facility and the
completion of the private placement. Such statements and information reflect the
current view of the Corporation with respect to risks and uncertainties that may
cause actual results to differ materially from those contemplated in those
forward-looking statements and information. 


By their nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance
or achievements, or other future events, to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that statements are
made and the Corporation undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other circumstances
should change. Investors are cautioned against attributing undue certainty to
forward-looking statements. 


The Corporation cautions that the foregoing list of material factors is not
exhaustive. When relying on Cancen's forward-looking statements and information
to make decisions, investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. The Corporation has also
assumed that material factors will not cause any forward-looking statements and
information to differ materially from actual results or events. However, the
list of these factors is not exhaustive and is subject to change and there can
be no assurance that such assumptions will reflect the actual outcome of such
items or factors.