XPL Canadian Energy Exploration Inc.

Canadian Energy Exploration Inc. (the "Company") (TSX VENTURE:XPL) is pleased to
announce that the Company has spud its second of three previously announced
exploratory test wells in the Hardy/Minton area of southeast Saskatchewan (see
Press Release dated November 29, 2010.) The second test well is located at CEEI
Hardy South 16-1-5-21W2M and is licensed to drill to a total depth of 2367
meters.


The Company is currently waiting on services with respect to its first
exploratory test well located at 5-27-4-21W2M. These services will be used to
continue to complete and evaluate all prospective formations in this vertically
drilled well over the next few weeks.


The Company also announces that it has terminated the investor relations
contract with DSK Consulting Ltd. (Scott Koyich) which was scheduled to
terminate on March 1, 2011.


About Canadian Energy Exploration Inc. 

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


Advisory

Certain statements and information contained in this press release, including
but not limited to statements regarding including statements regarding the
Company's business, such as drilling and completion of wells, contain
forward-looking statements. All statements other than statements of historical
fact may be forward looking statements. These statements, by their nature, are
subject to numerous risks and uncertainties, some of which are beyond the
Company's control including the effect of general economic conditions, industry
conditions, changes in regulatory and taxation regimes, volatility of commodity
prices, escalation of operating and capital costs, currency fluctuations, the
availability of services, imprecision of reserve estimates, geological,
technical, drilling and processing problems, environmental risks, weather, the
lack of availability of qualified personnel or management, stock market
volatility, the ability to access sufficient capital from internal and external
sources and competition from other industry participants for, among other
things, capital, services, acquisitions of reserves, undeveloped lands and
skilled personnel that may cause actual results or events to differ materially
from those anticipated in the forward looking statements. Such forward-looking
statements, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ materially
from those anticipated in the statements made and should not unduly be relied
on. These statements speak only as of the date of this press release. The
Company does not intend and does not assume any obligation to update these
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable law. The Company's
business is subject to various risks that are discussed in its filings on the
System for Electronic Document Analysis and Retrieval (SEDAR).

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