Canadian Superior Energy Inc. Announces Closing of CDN $3,442,500 Private Placement at $2.50 per Share.

CALGARY, Alberta -- Canadian Superior Energy Inc. ("Canadian Superior") (TSX:SNG) (AMEX:SNG) of Calgary, Alberta announced today that it has closed a private placement consisting of 1,377,000 flow through common shares at a price of $2.50 per share, for gross proceeds of $3,442,500. Proceeds of the issue will be used to fund exploration drilling in Western Canada this winter, including East Ladyfern in Northwestern Alberta.

Canadian Superior is a Calgary based oil and gas exploration and production company with operations in Western Canada, offshore Nova Scotia and offshore Trinidad and Tobago. The Company is one of the largest acreage holders offshore Nova Scotia, with 100% interest in 1,293,946 acres. See Canadian Superior's website at www.cansup.com to review Canadian Superior's "Offshore Nova Scotia Maps", to review information on the Company's Western Canadian operations and for information on Canadian Superior's Trinidad Mayaro/Guayaguayare (M/G) "Tradewinds" Offshore Project and the "Intrepid" Block 5 (c).

This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction. The common shares offered will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered and sold in the United States absent registration or an application exemption from the registration requirements.

This press release contains forward-looking information on future production, project start-ups and future capital spending. Actual results or estimated results could differ materially due to changes in project schedules, operating performance, demand for oil and gas, commercial negotiations or other technical and economic factors and revisions. Statements contained in this press release relating to future results, events and expectations are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, those described in the Company's annual report on Form 40-F on file with the U.S. Securities and Exchange Commission.

Canadian Superior Energy Inc. (TSX:SNG) (AMEX:SNG)