CANADA ENERGY PARTNERS ANNOUNCES RESULTS OF AGM MATTERS

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2008) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce that, in conjunction with the holding of the Company's annual and special general meeting of shareholders on October 23, 2008 (the "AGM"), the following matters were ratified by the Company's shareholders and have now been implemented by the Board of Directors in the following manner:

- Messrs. Benjamin Jones, John Proust, Winston R. Purifoy, Kyle R. Burnett, John R. Howard Jr., and Pat S. Bolin were elected to the Board of Directors of the Company;

- the following Executive Officers of the Company were appointed by the Board of Directors immediately following the AGM:

Benjamin Jones: President and Chief Executive Officer;
Eduard Epshtein: Chief Financial Officer; and
Eileen Au: Corporate Secretary; and

- the Company's shareholders approved an amendment to the Company's Stock Option Plan (the "Plan") to increase the number of shares that may be granted under the Plan to 10% of the number of shares outstanding from time to time as previously filed with the TSX Venture Exchange.

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

John Proust, Director


The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

CONTACT INFORMATION:

Canada Energy Partners Inc.
John Proust
Director
(604) 895-7445
Email: info@canadaenergypartners.com

or

Canada Energy Partners Inc.
Ben Jones
Chief Executive Officer
(225) 928-9980
Email: info@canadaenergypartners.com
Website: www.canadaenergypartners.com