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Press release from Marketwire

C&C Energia Ltd. Files First Quarter Financial Statements

Tuesday, May 25, 2010

C&C Energia Ltd. Files First Quarter Financial Statements19:51 EDT Tuesday, May 25, 2010CALGARY, ALBERTA--(Marketwire - May 25, 2010) - C&C Energia Ltd., formerly C&C Energy Canada Ltd., ("C&C Energia", or the "Corporation") (TSX:CZE) announces that it has filed its unaudited interim financial statements as at and for the three month period ended March 31, 2009. For the information of investors, the Corporation has also filed unaudited interim financial statements of C&C Energy (Barbados) Ltd. ("C&C Barbados") for the three month period ended March 31, 2009. Prior to the closing of the Corporation's initial public offering earlier today, the Corporation held approximately 47% of the outstanding shares of C&C Barbados. Immediately prior to the closing, the Corporation acquired all of the shares of C&C Barbados that it did not previously own, and C&C Barbados is now a wholly owned subsidiary of the Corporation. The financial statements are available on the Corporation's profile on the SEDAR website at Corporation, through C&C Barbados, is engaged in the exploration for, and the acquisition, development and production of, oil resources in Colombia. Its strategy is to develop producing oil assets by appraising and developing existing discoveries and exploring in areas assessed by management to be of low to moderate risk.FOR FURTHER INFORMATION PLEASE CONTACT: C&C Energy Canada Ltd. Richard A. Walls President and Chief Executive Officer 403-262-6046 or C&C Energy Canada Ltd. Ken Hillier Chief Financial Officer 403-262-6046