XPL Canadian Energy Exploration Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES. 


Canadian Energy Exploration Inc. (the "Corporation") (TSX VENTURE:XPL) is
pleased to announce that it has closed an additional and final tranche of its
previously announced equity financing (see Canadian Energy's press releases
dated May 20, 2011 and June 15, 2011) and has issued an additional 2,742,504
units of the Corporation ("Units") at a subscription price of $0.09 per Unit for
aggregate gross proceeds of Cdn$246,825.36. Each Unit consists of one common
share in the capital of the Corporation (a "Common Share") and one half of a
Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant
entitles the holder to purchase one additional Common Share at a purchase price
of $0.15 per share until December 15, 2012. As a result of the two closing, the
Corporation has issued an aggregate of 23,675,504 Units and 39,970,000
flow-through shares for aggregate gross proceeds of $6,127,795.30.


Casimir Capital Ltd. (the "Agent") acted as agent and was paid a cash commission
and was granted additional warrants ("Agent's Warrants") to purchase 191,975
Common Shares at a subscription price of $0.09 per share, such Agent's Warrants
being exercisable until December 15, 2012.


All securities issued on June 30, 2011 are subject to a four month hold period
under applicable laws until October 31, 2011.


About Canadian Energy Exploration Inc.

Canadian Energy is an oil and gas company engaged in the exploration for, and
the acquisition, development and production of, oil and natural gas reserves
primarily in Western Canada. The Company's common shares trade on the TSX
Venture Exchange under the symbol "XPL".


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities of Canadian Energy in any jurisdiction in which
such offer, solicitation or sale would be unlawful. The securities to be offered
have not been and will not be registered under the United States Securities Act
of 1933, as amended, or any state securities laws and may not be offered or sold
within the United States or to or for the account or benefit of a U.S. Person
absent registration or an applicable exemption from the registration
requirements of such Act or laws.


Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of
applicable securities laws relating to the proposal to complete the offering,
including statements regarding the terms and conditions of the offering,
additional closings and the use of proceeds of the offering. Readers are
cautioned to not place undue reliance on forward-looking statements.
Forward-looking statements are based on certain key assumptions made by the
Corporation, including assumptions regarding the ultimate terms of the proposed
offering, the satisfaction of conditions to the completion of the offering and
the receipt of all regulatory and stock exchange approvals. Actual results and
developments may differ materially from those contemplated by these statements
depending on, among other things, the risks that the parties will not proceed
with the offering, that the ultimate terms of the offering will differ from
those that currently are contemplated or that the offering will not be
successfully completed for any reason (including the failure to obtain the
required approvals or clearances from regulatory authorities). The
forward-looking statements in this news release are made as of the date of this
release and the Corporation undertakes no obligation to update publicly or
revise any forward-looking statements whether as a result of new information or
otherwise, except as required by applicable securities laws. The Corporation
undertakes no obligation to comment on analyses, expectations or statements made
by third-parties in respect of the Corporation or its financial or operating
results or (as applicable) their securities.

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