Covenant Resources Abandons Early Stage Mining Property to Focus on Oil and Gas

Covenant Resources Ltd. (CVA - CNSX),(the "Company") wishes to announce that in order to focus on oil and gas opportunities, the Company has decided to allow the option on its early stage Piebiter mining property to lapse.

Based on the difficult market conditions for junior exploration companies in the mining sector, and based on the limited success to date on the exploration of the Piebiter property, the Company felt that it was in the best interests of shareholders to suspend any further expenditures on the mining property.

Covenant's board of directors determined that there were other superior opportunities available in the energy sector. The Company is currently in discussions with a private oil and gas company and expects a letter of intent to be drafted within the next couple of weeks.

The Company is a junior natural resource exploration company focused on the acquisition, exploration, and development of economically viable natural resources. The Company continues to seek additional natural resource opportunities including properties that may lead to oil and gas exploration or any other opportunities that may fall under "natural resources" sector.

The Company Trades on the CNSX under the trading symbol "CVA".

The CNSX does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please refer to the Company's prospectus and engineering report available on SEDAR (www.sedar.com).

For further information contact:
Frank Port
President, Chief Executive Officer, and Director
604-805-9999

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
www.covenantresources.com