Changfeng Announces Normal Course Issuer Bid

Changfeng Energy Inc., (TSX VENTURE:CFY) ("Changfeng" or the "Company"), today
announced that it has received approval from the TSX Venture Exchange (the
"Exchange") in respect of the Company's intention to make a Normal Course Issuer
Bid (the "Bid") to purchase for cancellation, from time to time, as it considers
advisable, up to 3,000,000 common shares (the "Common Shares") of the Company's
capital, representing less than 5% of the issued and outstanding Common Shares
as of November 20, 2012.


The Bid will commence on or about November 27, 2012 and will terminate on or
about the earlier of November 26, 2013 and the date on which the Company has
acquired the number of Common Shares sought in the Bid. The Company reserves the
right to terminate the Bid earlier as it deems advisable. All Common Shares
acquired under the Bid will be returned to treasury for cancellation. Common
Shares will be purchased in the open market through the facilities of the
Exchange, on behalf of the Company by the its broker, National Bank Financial,
at the prevailing market price of such Common Shares on the Exchange at the time
of such purchase and in accordance with the Exchange requirements.


In the opinion of the board of directors, the value of the Company, based on
anticipated cash flow and underlying asset value, is greater than the present
aggregate market value of the Common Shares. As such, the Board believes that
such purchases are in the best interests of the Company and are a desirable use
of corporate funds.


About Changfeng Energy Inc.

Changfeng Energy Inc., is a local natural gas distribution company ("LDC" or
natural gas utility) with operations located throughout the southern part of
People's Republic of China. The Company serves 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 TSX 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. 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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Changfeng Energy Inc.
Mr. Kevin Ming Zhang
Chief Financial Officer
(416) 362-5032
(416) 362-2393 (FAX)
kevin@changfengenergy.com


Changfeng Energy Inc.
Ms. Ann S.Y. Lin
Corporate Secretary
(416) 362-5032
(416) 362-2393 (FAX)
ann@changfengenergy.com
www.changfengenergy.com

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