Changfeng Announces an Increase in Natural Gas Selling Price to Non-residential Customers in Sanya City

Changfeng Energy Inc. ("Changfeng" or the "Company") (TSX VENTURE:CFY), a
natural gas utility in China, announced today that the Company has received
regulatory approval to increase natural gas sale price to its non- residential
customers in Sanya City, Hainan province, China, effective on November 24, 2012.
With the approval, the selling price to its non-residential customers will be
increased to RMB 4.70 M(3) from currently RMB 3.8 M(3), representing an increase
of approximately 24% over current price. The selling price to its residential
customers will remain unchanged. The Company's non-residential customers include
both its commercial and industrial customers, mainly comprising of the hotels,
resorts and restaurants in Sanya City. Currently, approximately 80 percent of
the total annual volume of gas in Sanya City is sold to these non-residential
customers.


The approval of the sales price increase relates to the implementation of the
long term Budget Process ("the Budget Process') as previously announced on June
27, 2012 that was approved by Sanya Municipal government as part of the solution
to address the ongoing gas shortage issue in the Sanya Region.


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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