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Road Town, Tortola, British Virgin Islands (July 14, 2006) – CIC Energy Corp. (“CIC” or the “Company”)(TSX:ELC, BSE: CIC Energy) reported a loss for the six month period ended May 31, 2006 of ($1,677,658) or ($0.08) per share (basic and diluted).
The loss for the six month period is attributable to non-capitalized exploration expenditures, administration costs and other extraordinary costs in connection with the consolidation of Coal Investment Corp. and Ophir Ventures Inc. in March 2006, as well as the subsequent listing of the common shares of CIC on the TSX.
Consolidated Interim Financial Statements for the three and six months ending May 31, 2006, along with Management’s Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.
For additional information on CIC and its projects visit the Company’s website at www.cicenergycorp.com or contact:
Fiona Childe, Ph.D., P.Geo.
VP Corporate Communications
Tau Capital Corp.
Tel: (416) 361-9636 x 227
Email: fchilde@taucapital.com
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