OTTAWA, ONTARIO--(MARKET WIRE)--Jan 14, 2008 -- CityView Corporation Limited (OTC BB:CTVWF.OB - News)(ASX:CVI.AX - News) ("CityView") was notified on December 5, 2007 by its Angolan Co-venturer Nexoil Holding Group SA ("Nexoil"), that Sonangol, the State Oil Company of Angola, had advised them that a prerequisite for the grant of the designated Concessional onshore acreage in the Kwanza Basin, was that funding of US$100 million had to be available to the Nexoil/CityView/Energy Africa Joint Venture ("the Joint Venture").

CityView is pleased to announce that it has received confirmation of a US$100 million underwriting facility for CityView for the benefit of the Joint Venture, from First Capital Management Limited, the manager of the First Global Resource Fund, a sub-fund of the Mauritius-based First Global Funds PCC family of funds, on terms satisfactory to the Joint Venture.

Sonangol has been informed of this facility and as a result the Joint Venture satisfies the financial capabilities required for the granting of the Concessional onshore Kwanza Basin acreage.

Mark Smyth

Chief Executive Officer

About CityView Corporation

City View Corporation Ltd. is an exploration and development company. It is managements' objective to grow CityView into a significant uranium, beryllium, oil and gas project by developing its interest in Angola. The company trades on the OTCBB market under the symbol "CTVWF" and on the Australian Exchange under the symbol "CVI". For more information please visit the company's web site at: www.cityviewcorp.com

Forward-Looking Statements

This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provision of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, and performance. Forward-looking statements are subject to risk and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete transactions which remain subject to a due diligence review, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify from time to time. Accordingly, there is no certainty that the company's plans will be achieved.

     Contacts:
     Investor Relations USA contact:
     Clinton Joseph
     613-226-5211
     http://www.cityviewcorp.com