Changfeng Announces Revocation of T-CTO and Application for Reinstatement to Trading

TORONTO, ONTARIO--(Marketwired - June 3, 2015) - Changfeng Energy Inc. ("Changfeng" or the "Company") (TSX VENTURE:CFY), is pleased to report that the Ontario Securities Commission ("OSC") has revoked its Temporary Cease Trade Order, initially dated May 7, 2015, that was issued due to the delay in the Company's filing of its 2014 annual audited financial statements, its related Management's Discussion and Analysis and Chief Executive Officer and Chief Financial Officer certificates (the "Required Filings"). The Required Filings have all been filed and are available for review online at SEDAR under the Company's profile.

The Company is applying to the TSX Venture Exchange to reinstate trading of the Company's common shares, and has been advised that subject to a satisfactory review of the application, the Company will be reinstated for trading. An Exchange bulletin will be issued when the Company is reinstated for trading.

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 .

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws, including the reinstatement of the Company to trading on the TSX Venture Exchange. 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 TSX Venture Exchange does not approve the Company's reinstatement application 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 .

Mr. Yan Zhao CPA. CA. MBA
Chief Financial Officer
[email protected]

Ms. Ann S.Y.Lin
VP, Corporate Development and Corporate Secretary
[email protected]