CIC Energy Corp. - Project Update Conference Call and Webcast - Tuesday, October 16, 2007

    TORONTO, Oct. 15 /CNW/ -

    Conference Call and Webcast:

              CIC Energy Corp.   TSX: ELC
                                 BSE: CIC Energy

              Tuesday October 16, 2007, 12 noon ET

    Greg Kinross, President & CEO and Warren Newfield, Co-Chairman, will host
a conference call for investors to provide an update on CIC Energy Corp.'s
Mmamabula Energy Project (the "Project"). Last Friday, CIC Energy reported
third quarter financial results and provided an update on cost and schedule
estimates for the Project. A question and answer session will take place
following the presentation. The access details are as follows:

    Date:     Tuesday, October 16, 2007

    Time:     12 noon ET

    Dial In:  1-800-732-1073 toll free in North America or 416-644-3418 for
              the Toronto area. Please allow 10 minutes to be connected to
              the conference call.


              This is a listen-only audio webcast. Media Player or
              Real Player is required to listen to the broadcast.

    Replay:   An archived recording of the call will be available from 2 pm
              on Tuesday October 16, 2007 at 1-877-289-8525 toll free or
              416-640-1917, passcode 21250342 followed by the number sign,
              until midnight on Friday November 16, 2007.

    CIC Energy is a TSX/BSE-listed company engaged in the advancement of the
Mmamabula Energy Project, a planned power station and integrated coal mine in
Botswana, Africa. This Project is in partnership with International Power plc
(LSE listed), a leading independent electricity generating company. The
Southern Africa region is projected to require significant new baseload power
generation capacity over the next several years. The Project includes the
Mmamabula East and Mmamabula South prospecting licenses, located in the
Mmamabula coal field of southeastern Botswana, 120 kilometres north of the
capital city of Gaborone and adjacent to South Africa's Waterberg Coal Field.

For further information:

For further information: Erica Belling, Tau Capital Corp., T: (416)
361-9636, E:

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