Cancen Provides Operational Update and Appointment of Chief Financial Officer and Corporate Secretary

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Cancen Oil Canada Inc. ("Cancen" or the "Corporation") (TSX VENTURE:COI) is
pleased to provide an update on the operational activities of the Corporation
and announce the appointment of full time Chief Financial Officer and Corporate
Secretary.


Operational Update: 

Cancen is pleased to provide an update on its operations and facilities. Cancen
currently has two facilities, Silver Valley and Kinsella, which are operating
and generating revenue for the company. Further, the Corporation has two other
locations, Chamberlain and Athabasca, which it plans to expand and develop. 


Kinsella: Located 48 km northwest of Hardisty, this facility is an operating oil
terminal and blending facility. As was announced in the fourth quarter of 2012,
Kinsella was acquired from the Astra Energy Canada ("Astra") and Kinsella
continues to contribute terminalling and blending revenue as a result of the
Astra Midstream contract.  


Silver Valley: Located in Gordondale, Alberta approximately 120km northwest from
Grand Prairie, this facility had been operating at reduced capacity while well
work over and related maintenance was completed through to October 2012. This
work is completed and has resulted in a reduction of operating costs of
approximately 20% at the facility while further enhancements in January are
driving higher throughput of custom treating and produced water disposal. The
Corporation intends to continue with planned enhancements through the first half
of the year to increase plant capacity. 


Chamberlain: Located in Strathcona county, Edmonton is currently not in
operation but has a licensed disposal well. Construction at the site, initiated
in the third quarter of 2012 and temporarily on hold for project assessment, is
expected to resume in 2013. Chamberlain will offer produced water disposal,
custom treating and clean oil terminalling. 


Athabasca:  The Corporation holds a licensed disposal well, located
approximately 60 km northeast of Athabasca, Alberta, that the Corporation plans
to develop into a future water disposal facility.  


Management of the Corporation anticipates that the advancements in the
Corporation's operations and near term plans will further the opportunities to
build on its strategic relationship with Astra. 


"We are excited to be working with the new management group at Cancen and
pleased with the positive impact they are having on the business", said Kerry
Tychonick, Managing Director of Astra. "We are committed to the relationship
with Cancen and supporting the company in its growth plans."


Appointment of Chief Financial Officer 

Cancen is pleased to announce the appointment of Mr. Shankar Nandiwada as the
Chief Financial Officer and Corporate Secretary of the Corporation effective
February 4, 2013. Mr. Nandiwada is a Chartered Accountant with nearly 20 years
of public and private company experience as a Controller and Chief Financial
Officer in Canada, the US and internationally. His experience includes various
levels of public reporting and strategic business planning, budgeting and
forecasting. Most recently, Mr. Nandiwada was the CFO for Hammerstone
Corporation, a limestone mine located in the Athabasca oil sands region of
Alberta. Mr. Nandiwada is a Certified General Accountant ("CGA") from CGA
Alberta, Chartered Management Accountant ("CMA") from ICMA England and Charted
Accountant ("ACA") from ICA India. 


Jeffrey Love will cease to be the Chief Financial Officer of the Corporation
effective February 3, 2013 and continue to assist the company in the transition
until February 15th. The Board and Management of Cancen would like to thank Mr.
Love for his contribution to the organization and wish him well in his future
endeavours. 


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, disposal of
produced and waste water and terminalling for oil and blending. 


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 future operations of the Corporation. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cancen Oil Canada Inc.
Brian Petersen
Chief Executive Officer
[phone] ext. 105
[e-mail]


Cancen Oil Canada Inc.
Ian Simister
President
[phone] ext 108
[e-mail]
www.cancenoilcanada.com