Cantex Energy Corp. (Pink Sheets:CTXE), "the Company," has been receiving several calls from shareholders that are enquiring as to the recent dip in the value of the Company shares. Management would like to report that there are no material changes in the Company affairs and that the Big Canyon Prospect in West Texas is on schedule to commence the forty-two miles of seismic work later this month. To hear more on the Company, shareholders are encouraged to visit the Company's web site where a recent interview with the Company president has been posted. In addition, the Company wishes to confirm that it has executed the closing of a $250,000 private placement, as announced April 19, 2006, and is now funded to allow for the completion of the 1.6 million dollar geophysical work program. The Company still plans to accept an additional $250,000 in subscriptions that are expected to close within the next ten business days with use of proceeds for use as general working capital. Trace Maurin, President of Cantex commented, "We encourage our valued shareholders to be patient as we approach the commencement date of this very unique opportunity in one of the last under-explored, world-class potential gas plays with no geopolitical risks." Cantex Energy Corp. is an independent, managed risk, oil and gas exploration, development, and production company headquartered in San Antonio, Texas. The Company's additional focus is the optimal exploitation and development of approximately 1,200 acres known as the West Ant Hills Prospect located in Niobrara County Wyoming. Cantex Energy Corp., is a Non-Reporting Company, quoted on the Pink Sheets, having filed a Form 211 pursuant to Rule 15c211 under the Exchange Act, with the NASD Compliance Unit. See www.pinksheet.com for real time quotes, how to trade pink sheet stocks, how to protect yourself and additional stock information. Purchasing shares in Cantex Energy Corp., involves a speculative investment with substantial risks, and although the Company intends to use its best efforts to enhance the value of the Shares, there is no assurance that the Company's operations will be successful. For more information about Cantex Energy Corp. (Pink Sheets:CTXE) please contact Deborah Walters, Phone: 877-332-2875, or visit their website at www.cantexenergy.com. Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Cantex Energy's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: the potential that no commercial quantities of oil are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing and risks inherent in Cantex Energy's operations. These and other risks are described in Cantex Energy's Form 15c211 and other filings with the NASD and Securities and Exchange Commission.
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