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Press release from Marketwire

C&C Energia Ltd. Announces Filing of Its 2010 Reserve Disclosure and the Appointment of Two New Directors

Thursday, March 31, 2011

C&C Energia Ltd. Announces Filing of Its 2010 Reserve Disclosure and the Appointment of Two New Directors17:49 EDT Thursday, March 31, 2011CALGARY, ALBERTA--(Marketwire - March 31, 2011) - C&C Energia Ltd. (TSX:CZE) ("C&C" or the "Corporation") announces that today it has filed its Annual Information Form, which includes C&C's statement of reserves data and other oil and gas information for the year ended December 31, 2010 as mandated by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators. A copy of C&C's 2010 Annual Information Form may be obtained on C&C's profile at www.sedar.com or on request to the Corporation. C&C is also pleased to announce that two new directors, James Bertram and Isaac Yanovich, have been appointed to serve on the board of directors of the Corporation.Mr. Bertram is the President and Chief Executive Officer of Keyera Corp., positions he has held since that business was formed in 1998. Previously, Mr. Bertram was employed at Gulf Canada as Vice President - Marketing for Gulf Canada's worldwide operations. Prior to joining Gulf Canada, he was Vice President - Marketing of Amerada Hess Canada Ltd. for seven years. Mr. Bertram has over 30 years experience in the oil and gas industry. Mr. Yanovich is an independent consultant and corporate director resident in Colombia. Mr. Yanovich was the President of Ecopetrol S.A. from 2002 to 2006. During his tenure at Ecopetrol, he oversaw the creation of the Agencia Nacional de Hidrocarburos (ANH), an agency of the Colombian government and the Colombian hydrocarbons regulator, and the transition of Ecopetrol to a private oil and gas company.ABOUT C&C ENERGIA LTD.The Corporation, through its subsidiary Grupo C&C Energia (Barbados) Ltd., is engaged in the exploration for, the 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: Richard A. WallsC&C Energia Ltd.President and Chief Executive Officer403-930-0114ORKen HillierC&C Energia Ltd.Chief Financial Officer403-930-0120