Covenant Announces Completion of Private Placement

Covenant Resources Ltd. (CVA - CNSX), (the "Company") is pleased to announce the completion of a non-brokered Private Placement for 2,510,000 units priced at $0.20 per unit, for total gross proceeds of $502,000. Each unit consists of one (1) common share and one (1) share purchase warrant entitling the holder to purchase one (1) additional common share for a period of one year at a price of $0.30 per share.

Covenant intends to use the proceeds of the Private Placement to explore oil and gas leases in the Sweetgrass Arch area of Northwest Montana, part of an active oil and gas district (Alberta Basin) known to have significant gas potential as well as Bakken oil potential. A NI 51-101 compliant Technical Review of the Company's 41,500 net acres of oil and gas leases in Toole and Pondera Counties is now available on SEDAR (www.sedar.com). Covenant continues to seek additional oil and gas properties.

The common shares of the Company trade 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 engineering report available on SEDAR (www.sedar.com).

For further information contact:

Frank Port
President, Chief Executive Officer, and Director

Tel: 604-805-9999
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.covenantresources.com