Oh no!

"Britney Spears and Jason Trawick have mutually agreed to end their one-year engagement. As two mature adults, they came to the difficult decision to go their separate ways while continuing to remain friends." 

And both of them also confirmed their parting in a statement her rep gave to PEOPLE 

"Jason and I have decided to call off our engagement," Spears says in the statement. "I'll always adore him and we will remain great friends." 

Adds Trawick: "As this chapter ends for us a new one begins. I love and cherish her and her boys and we will be close forever." 

This makes us really sad, we were really hoping for a happily ever after for Brit Brit!