CIC Energy Reports First Quarter 2009 Financial Results



    
    TSX:ELC
    BSE:CIC ENERGY
    

    ROAD TOWN, TORTOLA, British Virgin Islands, April 14 /CNW/ - CIC Energy
Corp. ("CIC Energy" or the "Company")(TSX:ELC, BSE: CIC Energy) reported net
income for the three month period ended February 28, 2009 of $156,643 or $0.01
per share (basic and diluted), compared to a loss of $1,479,228 or $0.03 per
share (basic and diluted) for the same period last year.
    The reported net income for the first quarter of 2009 is primarily
attributable to the substantially higher gain in foreign exchange for current
period as a result of the strengthening of the Canadian dollar to Botswana
Pula and South African Rand, the functional currencies of the operating
companies.
    Capital expenditure on exploration properties amounts to $136,580,166
with capitalized exploration costs for the three month period totaling
$9,622,376.
    Consolidated Interim Financial Statements for the three months ending
February 28, 2009, along with the Company's Management's Discussion and
Analysis ("MD&A"), have been filed on SEDAR and are available at
www.sedar.com.





For further information:

For further information: For additional information on CIC Energy and
its projects visit the Company's website at www.cicenergy.com or contact:
Erica Belling, CFA, P.Eng., VP Investor Relations, Tau Capital Corp., Tel:
(416) 361-9636 x 243, Email: ebelling@taucapital.com

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CIC Energy Corp.

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