CIC Energy NI 43-101 Report on Mmamabula Energy Project Updated Mineral Resource Estimate Filed on SEDAR



    TSX:ELC
    BSE:CIC ENERGY

    ROAD TOWN, TORTOLA, British Virgin Islands, June 1 /CNW/ - CIC Energy
Corp. ("CIC" or the "Company")(TSX:ELC, BSE: CIC Energy) is pleased to
announce that, further to its April 18, 2007 news release, a National
Instrument 43-101 technical report has been filed on SEDAR for the Company's
Mmamabula Energy Project in Southern Africa.
    The report, entitled "CIC Energy Corp.: Mmamabula Project, South-eastern
Botswana, Project No. J912, National Instrument 43-101 Technical Report" and
dated June 1, 2007, was prepared by Snowden Mining Industry Consultants
("Snowden"). Snowden is an international minerals consultancy group,
independent of the Company.

    About CIC Energy Corp.

    CIC Energy is a TSX/BSE-listed company engaged in the advancement of the
Mmamabula Energy Project in Botswana. This Project is in partnership with
International Power plc, a leading independent electricity generating company.
The Project includes the Mmamabula East and Mmamabula South prospecting
licenses, located in the Mmamabula coal fields of southeastern Botswana,
120 kilometres north of the capital city of Gaborone and adjacent to South
Africa's Waterberg Coal Fields.
    CIC Energy has a treasury of approximately CDN$55 million, and has
47,993,109 million shares outstanding and 54,488,611 million shares fully
diluted.

    %SEDAR: 00023467E




For further information:

For further information: on CIC Energy and the Mmamabula Energy Project,
please visit the Company's website at www.cicenergycorp.com or contact: Erica
Belling, VP Investor Relations, Tau Capital Corp., Tel: (416) 361-9636
ext.243, Email: ebelling@taucapital.com

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