Cenovus launches the Great Computer Give-Away

Company seeks good homes for 300 lonely desktops at charities, non-profits

CALGARY, Alberta (March 16, 2011) - Cenovus Energy Inc. wants to match up 300 lonely desktop computers with new users at charitable and non-profit groups to help those agencies add to their existing networks and assist them in delivering much-needed services in the communities where they work.

The company is encouraging groups in Calgary and other Cenovus communities in Alberta and Saskatchewan that need to boost their networks, or simply replace models that they have that are even more outdated, to apply. Organizations may receive as many as three of the refurbished units in an event dubbed the Cenovus Great Computer Give-Away. Those interested in potentially receiving desktops are invited to submit an application before March 31 at http://www.cenovus.com/news/our-stories/Cenovus-great-computer-giveaway.html

The desktops, all of which are more than five years old, were recently swapped out in favor of newer models as part of the company's ongoing replacement program. The computers are cleaned of all company information and a basic operating system is installed. Keyboards, monitors and mice will also be part of the package provided to successful applicants.

Cenovus launches the Great Computer Give-Away

“We're always looking for ways to give back to the communities where we operate and our employees live,” said Lynne Douglas, Group Lead Community Investment. “These computers will assist those groups that are working so diligently on the front lines to make our communities better places. We're helping to build better futures - together.”

Cenovus shipped 100 desktops to various groups in December after an earlier round of computer replacements.

“We're pleased to be able to reuse these computers in a way that helps to build capacity for charities and non-profit groups that are working to create stronger communities,” said Megan Marshall, Community Program Advisor at Cenovus.

“The earlier batch of computers went to groups in Calgary, Cold Lake and Weyburn, Saskatchewan, which provide help to everyone from children to seniors to Aboriginal communities. We hope to see the same range again this time.”

A total of 12 groups, including the Children's Cottage in Calgary, the Calgary Drop-in Centre, the Dr. Margaret Savage Crisis Centre Society in Cold Lake, Alberta, and the Bigstone Cree Nation Women's Emergency Shelter in Wabasca, Alberta, received computers in December.

As an Imagine Canada Caring Company, Cenovus has committed itself to setting aside one percent of its pretax profit to provide financial, in-kind and volunteer support to the communities where we live and work.



Cenovus Energy Inc.
Cenovus Energy Inc. is a Canadian, integrated oil company. It is committed to applying fresh, progressive thinking to safely and responsibly unlock energy resources the world needs. Operations include oil sands projects in northern Alberta, which use specialized methods to drill and pump the oil to the surface, and established natural gas and oil production in Alberta and Saskatchewan. The company also has 50% ownership in two U.S. refineries. Cenovus shares trade under the symbol CVE, and are listed on the Toronto and New York stock exchanges. Its enterprise value is approximately $30 billion. For more information, visit www.cenovus.com.


CENOVUS CONTACTS:

Community Investment: Media:
Megan Marshall
Community Programs Advisor
403-766-6004
Reg Curren
Advisor, Media Relations
403-766-2004