Changfeng Announces RMB50 Million ($7.9Million) Long Term Loan

Changfeng Energy Inc. ("Changfeng" or the "Company") (TSX VENTURE:CFY), a
natural gas utility in China, announced today that the Company has entered an
agreement with the Bank of China (Sanya Branch) ("BOC") to secure a bank loan
facility in the amount of RMB50 million (approximately $7.9 million) (the "Term
Loan"). As a result, the BOC has increased the Company's total loan facility to
RMB180 million. The bank loan facility provides that the proceeds of the Term
Loan will be used to fund continued construction of pipeline and associated
facilities of the Haitang Bay project in the Sanya city, Hainan province, China.



The Term Loan is secured by the same collateral as that of the existing RMB130
million loan facilities with BOC as announced on April 4, 2011. It has a
ten-year term from the date of the first initial withdrawal, and bears interest
of 110% of the prime rate set by the People's Bank of China (the central bank of
China). 


As of the date of this press release, RMB40 million (approximately $6.3 million)
was drawn on the Term Loan, and the remaining balance of RMB10 million
(approximately $1.6 million) is expected to be drawn within the next 12 month
period. 


"We are very delighted to secure the Term Loan from the Bank of China," stated
Mr. Huajun Lin, Chairman and Chief Executive Officer of the Company. "This Term
loan, together with our previously announced RMB20 million ($3.2 million) bank
loan for funding the Xiangdong Project, demonstrates the confidence that our
local banker continues to place on our growth strategy and our existing business
operation."


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 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. 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 M. Zhang
Chief Financial Officer
416.362.5032
kevin@changfengenergy.com


Changfeng Energy Inc.
Ms Ann S.Y. Lin
Corporate Secretary
416.362.5032
ann@changfengenergy.com
www.changfengenergy.com

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