CGX Energy Inc. (TSX VENTURE:OYL.U) announces that it has granted, pursuant to
its stock option plan, to directors, management and consultants of the Company
an aggregate of 2,650,000 stock options. Each such stock option entitles the
holder to purchase one common share of the Company at a price of $2.70 until
April 11, 2013.


CGX Energy is a Canadian-based oil and gas exploration company focused on the
exploration for oil in the Guyana. CGX is managed by a team of experienced oil
and gas and finance professionals from Canada, U.S.A. and the UK. CGX is
financed internationally and has thousands of shareholders worldwide.


Shares Outstanding: 124,786,713

Fully-Diluted: 135,224,913
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