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Press release from Business Wire

CORRECTING and REPLACING Cenovus to present at CIBC Whistler Institutional Investor Conference

Wednesday, January 18, 2012

CORRECTING and REPLACING Cenovus to present at CIBC Whistler Institutional Investor Conference13:01 EST Wednesday, January 18, 2012 CALGARY, Alberta (Business Wire) -- The date in the second line of the release should read Thursday, January 19, 2012, at 9:35 am MT (sted Wednesday, January 19, 2012, at 9:35 am MT). The corrected release reads: Cenovus to present at CIBC WhistlerInstitutional Investor Conference Drew Zieglgansberger,Senior Vice-President, Regulatory, Local Community & Military and Paul Reimer, Senior Vice-President, Marketing, Transportation & Power, will be participating at the CIBC Whistler Institutional Investor Conference on Thursday, January 19, 2012, at 9:35 am MT (8:35 am PT) in Whistler, British Columbia. The presentation and question and answer session will include information detailing the company's oil sands assets and future growth opportunities. The audiocast link will be available via Cenovus's website, www.cenovus.com or via the following URL: http://webcasts.welcome2theshow.com/whistler2012 Cenovus Energy Inc.Cenovus Energy Inc. is a Canadian, integrated oil company. It is committed to applying fresh, progressive thinking to safely and responsibly unlock energy resources the world needs. Operations include oil sands projects in northern Alberta, which use specialized methods to drill and pump the oil to the surface. The company also has established natural gas and oil production in Alberta and Saskatchewan and 50% ownership in two U.S. refineries. Cenovus shares trade under the symbol CVE, and are listed on the Toronto and New York stock exchanges. Its enterprise value is approximately $30 billion. For more information, visit www.cenovus.com. CENOVUS CONTACTS:Investors:Susan GreyDirector, Investor Relations403-766-4751Graham IngramAnalyst, Investor Relations403-766-2849Bill StaitAnalyst, Investor Relations403-766-6348Media:Rhona DelFrariManager, Media Relations403-766-4740Reg CurrenAdvisor, Media Relations403-766-2004