Canadian Superior Proposes Private Placement

Canadian Superior Energy (TSX:SNG) (AMEX:SNG) announced that it proposes to issue by way of private placement up to 5,000,000 common shares on a flow-through basis at Cdn. $3.00 per share for gross proceeds of up to Cdn. $15,000,000. Maison Placements Canada Inc. and Acumen Capital Finance Partners Limited have been retained to assist in marketing the offering on a best efforts basis.

The issue is subject to normal regulatory approvals and closings will be held as subscriptions are accepted by the Corporation provided that no closings shall occur after December 31, 2004. Proceeds from the issue will be used to fund the Company's exploration program and qualifying expenditures will be renounced to subscribers.