Challenger Obtains Court Order for Extension of CCAA Protection

CALGARY, ALBERTA, Apr 20 (MARKET WIRE) --
Challenger Energy Corp. ("Challenger" or "Company") (TSX VENTURE: CHQ)
announces that it has been granted an extension of the stay of
proceedings to June 4, 2009 to the previous court order that was granted
on March 23, 2009 which had extended the stay of proceedings from March
23, 2009 to April 20, 2009, from the Court of Queen's Bench of Alberta,
Judicial District of Calgary for protection under the Companies'
Creditors Arrangement Act (Canada).

The order permits Challenger to remain in possession and control of its
property, carry on its business, retain employees and other service
providers and continue with its previously announced process to evaluate
the various strategic alternatives available to the Company, including a
sale of Challenger or its assets. A special committee of directors was
appointed to oversee this process and Peters & Co. Limited was retained
as financial advisor.

Challenger Energy Corp. is a Calgary, Alberta, Canada based oil and gas
exploration company which has spent approximately U.S. $80.1 million on
exploration Block 5(c) offshore Trinidad and Tobago. See
www.challenger-energy.com for information on Challenger.

This news release contains forward-looking information, including
estimates, projections, interpretations, prognoses and other information
that may relate or relates to future production, resource potential
and/or reserves, project start-ups and future capital spending, as well
as the outcome under the Companies' Creditors Arrangement Act (Canada).
Forward-looking information contained in this news release is as of the
date of this news release. The Company assumes no obligation to update
and/or revise this forward-looking information "except as required by
law". Actual results, estimates, projections, resource potential and/or
reserves, interpretations, prognoses and/or estimated results could
differ materially due to changes in project schedules, operating
performance, demand for oil and gas, commercial negotiations or other
technical and economic factors or revisions. This news release may
contain the reference to the term "undiscovered natural gas resources",
which are those quantities of natural gas estimated to be contained in
accumulations yet to be discovered. There is no certainty that any
portion of undiscovered resources (oil, natural gas, natural gas liquids
or other hydrocarbons) will be discovered and that, if discovered, in
this or any other discovery, the discovered resource may not be
economically viable or technically feasible to produce.

Statements contained in this news release relating to future results,
events and expectations are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended and Section 21E
of the Securities Exchange Act of 1934, as amended. These forward-looking
statements involve known and unknown risks, uncertainties, scheduling,
re-scheduling and other factors which may cause the actual results,
performance, estimates, projections, resource potential and/or reserves,
interpretations, prognoses, schedules or achievements of the Corporation,
or industry results, to be materially different from any future results,
performance or achievements expressed or implied by such statements. Such
factors include, among others, those described in the Corporations'
annual reports on Form 20-F on file with the U.S. Securities and Exchange
Commission.

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

Contacts:
Challenger Energy Corp.
Manjeet Dhillon
(403) 503-8813
(403) 503-8811 (FAX)

Challenger Energy Corp.
Suite 200, 744 - 4th Avenue S.W.
Calgary, Alberta, Canada T2P 3T4
Website: www.challenger-energy.com

Copyright 2009, Market Wire, All rights reserved.

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