Canadian Imperial Venture Corp. Ups Stake in Field EL-1070

Canadian Imperial Venture Corp. (CIVC) has secured an additional one half of one percent interest in EL-1070 under a second partial surrender agreement between Shoal Point Energy Limited and Canadian Imperial Venture Corp. CIVC will retain a total of 22.5% Working Interest in EL-1070, which contains the Shoal Point and Lourdes prospects.

Canadian Imperial Venture Corp. is an independent Canadian-based energy company with such developments as the Hibernia, Terra Nova, White Rose, Sable Island, Deep Panuke, and McCully fields.

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