Canext Announces 270 Bcf Resource at Pouce Coupe

Canext Energy Ltd. ("Canext" or the "Company") (TSX VENTURE:CXZ) is pleased to
announce AJM Petroleum Consultants completed a Resource Study ("AJM Report") on
the Company's Montney and Doig lands at Pouce Coupe effective September 1, 2008.


The AJM Report was prepared in compliance with the Canadian Oil and Gas
Evaluations Handbook ("COGEH"). The AJM Report used probabilistic methods (P90 -
low, P50 - best estimate, P10 - high) to estimate the volumetric Discovered
Resource on Canext's land for the Lower Montney, Upper Montney and Doig
formations. The AJM Report reviewed the mapping based on 105 wells on Canext's
acreage or within one mile of Canext's acreage. The volumetric parameters
considered and varied throughout the AJM Report were areal extent, net pay
thickness, porosity, hydrocarbon saturation, reservoir temperature, and
reservoir pressure. The Discovered Resource was estimated by section and
multiplied by Canext's working interest before royalties on 32 sections of land.


The results from the AJM Report indicate the Company's interest of the P50 (best
estimate) Discovered Resource (also known as Discovered Initial Gas in Place) is
270 Bcf before royalties. Discovered Resources are those quantities of oil and
gas estimated on a given date to be remaining in, plus those quantities already
produced from, known accumulations. Discovered Resources are divided into
Recoverable and Unrecoverable categories with the estimated future recoverable
portion classified as Reserves and Contingent Resources. The AJM report did not
analyze Reserves but did estimate the P50 Recoverable Resource at 118 Bcf
Company interest sales before royalties based on current technologies and
offsetting pools. It is important to note, the actual quantities recovered will
be a function of individual well performance, capital costs, gas prices,
royalties, taxes and operating costs among other variables. There is no
certainty that it will be commercially viable to produce any portion of the
resources.


Cumulative production from Lower Montney, Upper Montney and Doig as of July 1,
2008 was 0.6 Bcf net to Canext's interest. As of December 31, 2007, the Company
had assigned Proved plus Probable reserves of 5.7 Bcf. Prior to the end of this
year, Canext expects to have drilled, completed, and/or recompleted seven (4.0
net) additional wells. The results of these wells and offsetting competitor's
wells along with revised mapping will be used to update the estimate of Proved
and Probable Reserves at the end of the year as part of the normal reserve
reporting cycle.


About AJM

AJM has been providing evaluation services to the oil and gas industry since
1999. With over 70 staff members, AJM offers expertise in all areas of oil and
gas, including the unconventional reserves and resources of coalbed methane,
tight gas, shale gas, bitumen and heavy oil. AJM has provided services to major
and senior oil and gas companies active in the Montney/Doig play.


About Canext

Canext is a junior oil and gas exploration and production company focused on the
Peace River Arch in Northwest Alberta. The Company's main properties are a
natural gas resource play at Pouce Coupe and an oil play at Clear
Prairie/Sweeney. At Pouce Coupe the Company has working interests of 6 - 100%
(average 33%) in 32 sections of Montney and/or Doig rights.


Reader advisory:

The term "BOE" may be misleading, particularly if used in isolation. In
accordance with NI 51-101, a BOE conversion ratio for natural gas of 6 mscf: 1
bbl has been used which is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead. Certain other capitalized terms are as defined in
the Canadian Oil and Gas Evaluation Handbook. Investors are cautioned that the
preceding statement of the Company may include certain estimates, assumptions
and other forward-looking information. The actual future performance,
developments and/or results of the Company may differ materially from any or all
of the forward-looking statements, which include current expectations, estimates
and projections, in all or part attributable to general economic conditions and
other risks, uncertainties and circumstances partly or totally outside the
control of the Company, including natural gas/oil prices, reserve estimates,
drilling risks, future production of gas and oil, rates of inflation, changes in
future costs and expenses related to the activities involving the exploration,
development and production of gas and oil hedging, financing availability and
other risks related to financial activities. Canext undertakes no obligation to
update publicly or revise any forward-looking statements or information, whether
as a result of new information, future events or otherwise, unless so required
by applicable securities laws.