Cenovus to hold conference call and webcast on second quarter 2011 results

CALGARY, Alberta (July 19, 2011) - Cenovus Energy (TSX, NYSE: CVE) will release its second quarter 2011 results on Tuesday, July 26, 2011. The news release will provide consolidated second quarter 2011 operating and financial information. Financial statements will be available on the company's website, www.cenovus.com.

A conference call and webcast to discuss the results will be held for the investment community at 9:00 a.m. MT (11:00 a.m. ET). To participate, please dial 888-231-8191 (toll-free in North America) or 647-427-7450 approximately 10 minutes prior to the conference call. An archived recording of the call will be available from approximately 2:00 p.m. MT on July 26 until midnight August 2, 2011 by dialing 800-642-1687 or 416-849-0833 and entering conference password 51921298.

A live audio webcast of the conference call will also be available via Cenovus's website, www.cenovus.com, or via the following URL:

http://w.on24.com/r.htm?e=325452&s=1&k=A68C9EAB3DC42559CFA75BFBAEEA61CE

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. Cenovus also has 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 $31 billion. For more information, visit www.cenovus.com.


CENOVUS CONTACTS:

Investors: Media:
Susan Grey
Director, Investor Relations
403-766-4751
Rhona DelFrari
Manager, Media Relations
403-766-4740
Bill Stait
Analyst, Investor Relations
403-766-6348
Reg Curren
Advisor, Media Relations
403-766-2004