BOC Blueocean Nutrasciences (delisted)

Changfeng Energy Inc., (TSX VENTURE:CFY) ("Changfeng" or the "Company"), is
pleased to announce today that, further to its gas quota approval and
commencement of construction as announced on November 23, 2011, the Company has
received the final regulatory approval of its Xiangdong project from the Jiangxi
Provincial Development and Reform Commission of the People's Republic of China,
and conditional renewal of its RMB 30 million line of credit with the Bank of
China (Sanya branch).


Regulatory Approval of the Xiangdong Project 

The provincial approval finally secures the Company's 50-year concession rights
(2010-2059) to operate the natural gas distribution business in the existing
administrative region of Xiangdong district, in Pingxiang city, Jiangxi
province, China, and the Pingxiang Industrial Ceramic Park (the "Park") in the
Xiangdong district. Preliminary 50-year concession rights were originally
granted to the Company by the Xiangdong district government as announced on May
26, 2010. 


With receipt of the provincial approval, the Company is working with a local
bank for the project financing to fund its second phase construction. Currently,
the first phase construction of pipelines and related facilities in the Park is
being carried out and expected to commence supplying gas to the industrial
customers in the Park by the middle of 2012. 


"We are excited about the final regulatory approval for the Xiangdong project,"
stated Mr. Huajun Lin, Chairman and CEO of the Company, "We've been working on
this project for more than 20 months, and this approval is not only a key
milestone for the Xiangdong project, but also demonstrates another progress that
we've made on the implementation of the Company's business development plan on
Mainland China along the Second West-East Pipeline. We will keep our ongoing
efforts to implement our growth strategy and commitments to bring a long term
value to both the Company and our valuable shareholders."


Conditional Renewal of RMB 30 million Line of Credit 

On March 7, 2012, The Company received a conditional renewal of its RMB 30
million ($4.7 million) one-year line of credit (the "Credit Line") with the Bank
of China (Sanya Branch) ("BOC") for another year, of which RMB 20 million ($3.1
million) was initially drawn on March 12, 2011 and was repaid when it was due on
March 12, 2012. The remaining RMB 10 million ($1.6 million) was drawn on June 9,
2011 and will be due on June 8, 2012. The Credit Line is used for general
working capital purposes, and will remain as part of the Company's total RMB 130
million ($19.7 million) loan facility with the BOC as announced on April 4,
2011.


The Company's line-of-credit has historically been a one-year facility requiring
annual renewals or replacement. The conditional renewed credit facility contains
the same collateral as with the prior facility. As part of the renewal, the
Credit Line is subject to the preparation of the collateral-related documents
for the further drawls. 


About the Xiangdong District and the Pingxiang Industrial Ceramic Park (the "Park")

Xiangdong District is one of the three administrative districts of Pingxiang
City, Jiangxi Province. It covers an area of 853 sq. kilometers and is the home
of 500,000 populations. Xiangdong District is titled as the Industrial Ceramic
Production Capital of China, which its annual industrial ceramic production
accounts for 70% of the total national production in China. 


The Park was initiated and built by the Xiangdong District Government in 2006 to
integrate the ceramic industry by creating efficiencies. Its size is
approximately 21.5 sq. kilometers and aims to introduce more than 70 ceramic
production and related companies to this Park by 2015. Currently, there is 23
ceramic plants are built and under operation.


Natural gas, as a fuel for the ceramic kilm, is a clean and stable energy
source. And its sustainable heat value is a guarantee for making fine ceramic
product with high quality demand. 


About Changfeng Energy Inc. 

Changfeng Energy Inc., is a natural gas service provider with operations located
throughout the People's Republic of China. The Company services industrial,
commercial and residential customers, providing them with natural gas for
heating purposes and fuel for transportation. The Company has developed a
significant natural gas pipeline network as well as urban gas delivery networks,
stations, substations and gas pressure regulating stations in Sanya City &
Haitang Bay. Through its network of pipelines, the Company provides safe and
reliable delivery of natural gas to both homes and businesses. The Company is
headquartered in Toronto, Ontario and its shares trade on the Toronto Venture
Exchange under the trading symbol "CFY". For more information, please visit the
Company website at www.changfengenergy.com.


Forward-Looking Statements 

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. The forward-looking statements
contained herein are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this document are made as
of the date of this document and the Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly
required by applicable securities legislation. Although Management believes that
the expectations represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be correct. This
news release does not constitute an offer to sell or solicitation of an offer to
buy any of the securities described herein and accordingly undue reliance should
not be put on such.

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