Changfeng Announces Reinstatement for Trading and Intention to Apply for A Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwired - June 16, 2015) - Changfeng Energy Inc. ("Changfeng" or the "Company") (TSX VENTURE:CFY), is pleased to report that the TSX Venture Exchange ("TSX-V") has approved the reinstatement of trading of the Company's common shares. Effective at the opening of the market on June 17, 2015, trading of the Company's common shares on the TSX-V will be reinstated.

As previously announced by the Company in a news release dated June 3, 2015, the Ontario Securities Commission ("OSC") revoked its temporary cease trade against the Company. Upon revocation of the temporary OSC cease trade order, the trading of the Company's common shares remained suspended until the Company met the requirements of the TSX-V for reinstatement of trading, which requirements have now been satisfied.

The Company now intends to apply for and commence a Normal Course Issuer Bid through the facilities of the TSX-V, subject to TSX-V approval.

About Changfeng Energy Inc.

Changfeng Energy Inc. is a natural gas service provider with operations located throughout the People's Republic of China. The Company services 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, including the application for and commencement of a normal course issuer bid through the facilities of the TSX-V. 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. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements, including the potential that the Company does not apply for a normal course issuer bid, or that the TSX-V does not approve the normal course issuer bid, due to unforeseen circumstances. 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.