News Release

Canoel International Energy Ltd. To Trade On TSX Venture Exchange

April 9, 2008

CANOEL INTERNATIONAL ENERGY LTD. ("CIL.P")
BULLETIN TYPE: New Listing-CPC-Shares
BULLETIN DATE: April 9, 2008
TSX Venture Tier 2 Company

This Capital Pool Company's ('CPC') Prospectus dated March 5, 2008 has been filed with and accepted by TSX Venture Exchange and the Alberta and British Columbia Securities Commissions effective March 11, 2008, pursuant to the provisions of the Alberta and British Columbia Securities Acts. The Common Shares of the Company will be listed on TSX Venture Exchange on the effective date stated below.

The Company has completed its initial distribution of securities to the public. The gross proceeds received by the Company for the Offering were $700,000 (3,500,000 common shares at $0.20 per share).

Commence Date: At the opening April 10, 2008, the Common shares will commence trading on TSX Venture Exchange.

Corporate Jurisdiction: British Columbia

Capitalization: Unlimited common shares with no par value of which 6,580,000 common shares are issued and outstanding.
Escrowed Shares: 3,080,000 common shares

Transfer Agent: Olympia Trust Company
Trading Symbol: CIL.P
CUSIP Number: 137805 10 7
Sponsoring Member: Blackmont Capital Inc.

Agent's Options: 350,000 non-transferable stock options. One option to purchase one share at $0.20 per share up to 24 months from the date of listing.

For further information, please refer to the Company's Prospectus dated March 5, 2008.

Company Contact: James E. Lawson
Company Address: Canoel International Energy Ltd., c/o 1950, 700 - 4th Avenue SW
Calgary, AB T2P 3J4

Company Phone Number: (403) 269-3966
Company Fax Number: (403) 263-4247
Company Email Address: jlawson@tusk-energy.com