Canada Energy Partners Inc. is pleased to announce that it has acquired an aggregate 1.5% overriding royalty interest on certain portions of the Company's land base in northeast British Columbia from two arm's-length parties (the "Vendors") in consideration for the issuance of 800,000 common shares of the Company to the Vendors. The shares are subject to regulatory holding period of four months. The overriding royalty covered the majority of the Company's deep and shallow rights and was originally granted by the Company's predecessor to two founding geologists. The Company believes that in light of recent activities on the Company's  Peace River Project and surrounding areas, this acquisition is strategic as an addition to its core land base and will be accretive to shareholder value.