Cancen Announces Appointment of Financial Advisor

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.


Cancen Oil Canada Inc. ("Cancen" or the "Corporation") (TSX VENTURE:COI)
announces that it has engaged Stonecap Securities Inc. to act as its financial
advisor to review and consider financing alternatives for the Corporation to
fund its proposed capital expenditures and growth initiatives for 2012.


About Cancen

Cancen is an energy services company that focuses on providing specialized
services to upstream oil and natural gas companies operating in the Western
Canadian Sedimentary Basin. The services provided by Cancen assist these
companies with the treatment and sale of crude oil and the handling of
by-products associated with oil and natural gas development and production. The
services provided by Cancen include crude oil emulsion treatment, oilfield waste
processing, and disposal of produced and waste water. As at the date hereof, the
Corporation's services are provided at five facilities in Alberta and one
facility in British Columbia.


The securities of Cancen have not been, nor will be, registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold within
the United States or to, or for the account or benefit of, U.S. persons absent
U.S. registration or an applicable exemption from U.S. registration
requirements. This news release does not constitute an offer for sale of
securities in the United States.

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