CIC Energy Reports Results for the Year Ended November 30, 2008



    
    TSX:ELC
    BSE:CIC ENERGY
    

    ROAD TOWN, TORTOLA, British Virgin Islands, Feb. 27 /CNW/ - CIC Energy
Corp. ("CIC Energy" or the "Company") (TSX: ELC, BSE: CIC Energy) reported a
loss for the year ended November 30, 2008 of $8,299,056 or $0.15 per share
(basic and diluted), as compared to a loss of $12,485,479 or $0.26 per share
(basic and diluted), for the period ended November 30, 2007.
    The loss for the year is attributable to the fact that in the Company
remains a development stage enterprise that has not yet commenced operations.
    Capitalized project costs amount to $126,957,790 with project costs for
the year ended November 30, 2008 totaling $35,540,647.
    Consolidated Audited Financial Statements for the year ended November 30,
2008 together with Management's Discussion and Analysis and the 2008 Annual
Information Form, 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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