Canada Energy Partners Announces Termination of Private Placement

Canada Energy Partners Inc. (NEX: CE.H) (the

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Company

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The Company announces that it has decided not to proceed with the non-brokered private placement announced on May 9, 2024.

The Company is a Canadian oil and gas focused on the acquisition of production and exploration oil and gas assets in the Southern United States. The Company is currently in due diligence discussions with oil and gas operators in Texas.

We seek Safe Harbor.

For more information, please contact:

CANADA ENERGY PARTNERS INC.Attention: Grant Hall, President Email: [e-mail] Phone: [phone]

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.

This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur, including, without limitation, estimated revenues. Forward-looking statements in this press release include statements about the anticipated filing deadline for the Annual Filings. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include, without limitation, the failure to file the Annual Filings by the anticipated date. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by law.