Cenovus to hold conference call and webcast on 2017 budget

CALGARY, AB -- (Marketwired) -- 12/01/16 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its 2017 capital budget on Thursday, December 8, 2016. The news release will provide the company's outlook and expectations for 2017.

A conference call and webcast to discuss the budget will be held for the investment community at 9 a.m. MT (11 a.m. ET). To participate, please dial 888-231-8191 (toll-free in North America) or 647-427-7450 approximately 10 minutes prior to the conference call.

The webcast link will be available via Cenovus's website, cenovus.com or via the following URL: http://event.on24.com/r.htm?e=1309320&s=1&k=68EE5E0E671D7E8437870C4707094DF8

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. The company's enterprise value is approximately $20 billion. For more information, visit cenovus.com.

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   CENOVUS CONTACTS: Investor RelationsKam SandharVice-President, Investor Relations & Corporate Development 403-766-5883 Steven MurraySenior Analyst, Investor Relations403-766-3382Media Brett HarrisMedia Lead403-766-3420 Media Relations general line403-766-7751

Source: Cenovus Energy Inc.

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