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Pine Cliff Energy Ltd.: News Release

Jan 4, 2011 - 09:00 AM ET

CALGARY, ALBERTA--(Marketwire - Jan. 4, 2011) - Pine Cliff Energy Ltd. ("Pine Cliff") (www.pinecliffenergy.com) (TSX VENTURE:PNE) announces that it has amalgamated with its wholly owned subsidiary CanAmericas Energy Ltd. and its indirect wholly owned subsidiary CanAmericas (Chile) Energy Ltd. on January 1, 2011 pursuant to the Business Corporations Act (Alberta) to continue as one corporation under the name "Pine Cliff Energy Ltd.".

The board of directors of Pine Cliff will continue to consist of Gary J. Drummond, George F. Fink, F. William Woodward and Carl R. Jonsson.

For Further Information:

Further information relating to Pine Cliff may be found on www.sedar.com as well as on Pine Cliff's website at www.pinecliffenergy.com.



FOR FURTHER INFORMATION PLEASE CONTACT:

Pine Cliff Energy Ltd.
George F. Fink
President and CEO
(403) 269-2289
(403) 265-7488 (FAX)
or
Pine Cliff Energy Ltd.
Garth E. Schultz
CFO
(403) 269-2289
(403) 265-7488 (FAX)
or
Pine Cliff Energy Ltd.
Kirsten Kulyk
Manager, Investor Relations
(403) 269-2289
(403) 265-7488 (FAX)
info@pinecliffenergy.com
www.pinecliffenergy.com