Canada Energy Partners (the "Company") (TSX VENTURE:CE) is pleased to report on
industry activity proximal to its properties in Northeast British Columbia.


Shell Canada ("Shell") released the test results on three additional horizontal
Montney wells drilled to within 150m-600m of the Company's lease line at Monias.
The A4 well had a final flowrate of 8.1 million cubic feet per day, with a peak
flowrate during the test of 21 million cubic feet. The B4 well had final and
peak rates of 6 and 10.4 million cubic feet per day. The C4 well had final and
peak rates of 6.3 and 17.1 million cubic feet per day. These wells had
horizontal lateral lengths of 1876-2269m and were fractured with 9, 10, and 11
stages respectively. The Company had previously reported (see March 4th news
release) results on Shell's D4 and E4 wells which had final/peak flowrates
respectively of 7.1/10.5 and 6.5/9.4 million cubic feet per day. Shell's gas
analyses have not been released yet, therefore the liquid yield is unknown;
however core data in their vertical pilot well had indications of liquids in the
Montney.




     Shell's Monias Offset Wells - Test Rate                     
     Summaries                                                   
     ------------------------------------------------------------
                       Final Rate       
----- Peak Rate ----------------------- HZ Length    Frac    Prop
Well     mmcf/d  mmcf/d    bw/d ftp-psi        (m) Stages  Tonnes
-----------------------------------------------------------------
A4         21.0     8.1     183     795      1876       9    1214
-----------------------------------------------------------------
B4         10.4     6.0     389     283      1916      10    1214
-----------------------------------------------------------------
C4         17.1     6.3     275     443      2269      11    1502
-----------------------------------------------------------------
D4         10.5     7.1     454     394      1670       9    1210
-----------------------------------------------------------------
E4          9.4     6.5     274     814      1772       9    1228
-----------------------------------------------------------------



Log evaluation of the Shell wells evidence extraordinary reservoir quality in
the Upper Montney relative to the Heritage/Groundbirch/Septimus/Monias area and
these well tests corroborate that log evidence.


The Company owns 100% of three(3) sections adjacent to the Shell property and a
total of five net sections within the Monias block.


Based upon the initial two Shell tests, GLJ ascribed 17 billion cubic feet of
proved and probable reserves net to the Company on just one(1) net section of
the Company's Monias property. 


To view the Monias Land Map, please click on the following link:
http://media3.marketwire.com/docs/ce517a.pdf


Peace River

Talisman revealed at its Investor Day that it plans to spend $800 million in
2011 and a total of $1.6 billion on the Farrell Creek Project over the next
two-three years. Performance based evaluation of their initial wells indicates
the Farrell wells should recover 7 BCF/well with average initial potentials of 6
million cubic feet per day. Talisman estimates potentially recoverable gas at
120 BCF per section with the PV10% breakeven estimated to beat $3-3.50/mcf gas
prices. Currently Talisman has 10 drilling rigs operating on the Farrell
Project. Their mid-stream expansions include cryogenic natural gas liquids
recovery equipment as the eastern portions of the Farrell Project have
recoverable liquids. The Company believes that a significant portion of its
Peace River lands are on thermal strike with Talisman's eastern acreage and,
hence, may also have commercially recoverable liquids.


To view the Peace River Block Activity map, please click on the following link:
http://media3.marketwire.com/docs/ce517b.pdf


SEPAC Presentation

The Company will be presenting at the SEPAC Spring Investor Showcase May 31st in
Calgary. A recorded webcast of the presentation will be availableby Friday June
3rd.


Canada Energy is an active oil and gas exploration and development company.The
Company possesses a large concentrated land position in a high-impact,
multi-zone, natural gas-bearing area in northeast British Columbia.


On behalf of the Board of Directors of Canada Energy Partners Inc.

John Proust, Chairman

Forward Looking Statements: This news release contains forward looking
statements relating to expected or anticipated flow rates, timing for drilling
and completion operations, future events and operations, number of wells to be
drilled, timing of projects and anticipated results that are forward looking in
nature and, as a result, are subject to certain risks and uncertainties, such as
general economic, market and business conditions, the regulatory process and
actions, technical issues, new legislation, competitive and general economic
factors and conditions, the uncertainties resulting from potential delays or
changes in plans, the occurrence of unexpected events, and the company's
capability to execute and implement future plans. Actual results achieved may
vary from the information provided herein as a result of numerous known and
unknown risks and uncertainties and other factors. There is no representation by
the company that actual results achieved during the forecast period will be the
same in whole or in part as that forecast.
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