Changfeng Energy Announces Collaboration with WISE University ofWaterloo in Sustainable Energy Research and Development

Toronto, Ontario, November 20, 2017 – Changfeng Energy Inc., (TSXV: CFY)(“Changfeng” or the “Company”), is pleased to announce that the Company has entered into a memorandum of agreement with Waterloo University. Accordingto the agreement, Waterloo Institution of Sustainable Energy (“WISE”) of University of Waterloo will provide technical consultancy and on‐site support for the Company’s future projects in China and North America.

Huajun Lin, CEO and Chairman of the Board of Changfeng Energy states that “We are very excited to work with WISE. With the University’s access to top talent in the field and our access to the Chinese market, we believe we can put leading research into action and help transform China into a low carbon, energy efficient economy.”

WISE University of Waterloo

The Waterloo Institute for Sustainable Energy (WISE) is a recognized leader in promoting innovation through research in the development and deployment of advanced sustainable energy systems. More than 110 University of Waterloo

faculty members from the faculties of Engineering, Science, Environment, and Mathematics are engaged in WISE undertaking leading edge research in sustainable energy.

Forward‐Looking Statements

Information set forth in this news release may involve forward‐looking statements under applicable securities laws. The forward‐looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward‐looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward‐looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION

Corporate Investment Relations

Investor.relations@changfengenergy.cn

Ann Siyin Lin

VP, Corporate Development

ann.lin@changfengenergy.cn