Changfeng Obtains RMB 20 million Term Loan from the Bank of China To Support Its Xiangdong Project

Changfeng Energy Inc. ("Changfeng" or the "Company") (TSX VENTURE:CFY), a
natural gas utility in China, announced today that the Company has entered into
a six-year secured term loan in the amount of RMB 20 million (approximately $3.2
million) (the "Term Loan") with the Bank of China, Pingxiang Branch ("BOC,
Pingxiang"). The Term Loan will be used to fund the construction of pipelines
and associated facilities for its Xiangdong Project in the Xiangdong district,
Pingxiang city, Jiangxi Province, China.


The Term Loan will have a six-year term from the effective date of the first
initial withdraw, and bear interest of 120% prime rate set by the People's Bank
of China (the central bank of China). The Term Loan will be secured by the fixed
assets, land use rights and buildings in the Xiangdong Project and jointly
guaranteed by Sanya Changfeng Offshore Natural Gas Distribution Co., Ltd.
("Sanya CF"), a wholly-owned subsidiary of the Company in Sanya city, Hainan
Province, China.


"We are very pleased with our successful Term Loan financing for the Xiangdong
Project," stated Mr. Huajun Lin, Chairman and CEO of the Company. "As our first
pipelined gas project in Mainland China, it proves the sustainability of our
business development model and demonstrates the capability and professionalism
of our team members as well. Additionally, we are pleased to see the continued
support and confidence in our business by the Bank of China."


About Changfeng Energy Inc.

Changfeng Energy Inc., is a local natural gas distribution company ("LDC" or
natural gas utility) with operations located throughout the southern part of
People's Republic of China. The Company serves industrial, commercial and
residential customers, providing them with natural gas for heating purposes and
fuel for transportation. The Company has developed a significant natural gas
pipeline network as well as urban gas delivery networks, stations, substations
and gas pressure regulating stations in Sanya City & Haitang Bay. Through its
network of pipelines, the Company provides safe and reliable delivery of natural
gas to both homes and businesses. The Company is headquartered in Toronto,
Ontario and its shares trade on the Toronto Venture Exchange under the trading
symbol "CFY". For more information, please visit the Company website at
www.changfengenergy.com.


Forward-Looking Statements

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. The forward-looking statements
contained herein are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this document are made as
of the date of this document and the Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly
required by applicable securities legislation. Although Management believes that
the expectations represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be correct. This
news release does not constitute an offer to sell or solicitation of an offer to
buy any of the securities described herein and accordingly undue reliance should
not be put on such.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Changfeng Energy Inc.
Mr. Kevin M. Zhang
Chief Financial Officer
416.362.5032
[e-mail]


Changfeng Energy Inc.
Ms Ann S.Y. Lin
Corporate Secretary
416.362.5032
[e-mail]
www.changfengenergy.com