Cenovus named to Corporate Knights Global 100

                Cenovus named to Corporate Knights Global 100

PR Newswire

CALGARY, Jan. 24, 2013

Recognized as one of the most sustainable corporations in the world

CALGARY, Jan. 24, 2013 /PRNewswire/ - Cenovus Energy Inc. (TSX, NYSE: CVE) has
been named to the Corporate Knights Global 100 list for 2013, which recognizes
the world's most sustainable corporations. This is the first time Cenovus  has 
appeared on the annual listing. The company was one of three Canadian oil  and 
gas producers included.

"It's an honour to be  recognized by Corporate Knights  as a global leader  in 
sustainability,"  said  Sheila  McIntosh,  Cenovus  Executive  Vice-President, 
Communications & Stakeholder  Relations. "Cenovus is  committed to  developing 
our energy  resources  safely  and  responsibly and  this  recognition  is  an 
endorsement of our efforts to find a balanced approach to economic, social and
environmental performance."

The Global 100 list was  first published by Corporate  Knights in 2005 and  is 
recognized  as  one  of  the  leading  corporate  sustainability  assessments. 
Inclusion on the list is limited to the top-performing companies on a range of
sector-specific  metrics,  including   environmental  performance,   workplace 
diversity, safety performance, capacity for innovation and financial success.

The Global  100 is  announced each  year during  the World  Economic Forum  in 
Davos, Switzerland. Full rankings of the Global 100 and additional details are
available at www.global100.org or www.corporateknights.com/global100.

Cenovus Energy Inc.

Cenovus Energy Inc. is a Canadian, integrated oil company. It is committed  to 
applying fresh, progressive thinking to  safely and responsibly unlock  energy 
resources the world needs. Operations  include oil sands projects in  northern 
Alberta, which  use specialized  methods to  drill  and pump  the oil  to  the 
surface, and  established  natural  gas  and oil  production  in  Alberta  and 
Saskatchewan. The  company also  has  50% ownership  in two  U.S.  refineries. 
Cenovus shares trade under the symbol CVE,  and are listed on the Toronto  and 
New York stock exchanges. Its  enterprise value is approximately $30  billion. 
For more information, visit www.cenovus.com.

Find Cenovus on Facebook, Twitter, Linkedin and YouTube.

SOURCE Cenovus Energy Inc.

Contact:

CENOVUS CONTACTS:

Brett Harris
Senior Advisor, Media Relations
403-766-3420

Jessica Wilkinson
Advisor, Media Relations
403-766-8990

Susan Grey
Director, Investor Relations
403-766-4751