CanTex Energy Corp. Announces Purchase Agreement for Assignment of Oil & Gas Leases in Eastland County, Texas

CanTex Energy Corp.

(PINKSHEETS: CTXE) announces that they have entered into a purchase agreement to acquire approximately 2300 acres (more or less) in Eastland County, Texas from Reh Oil and Gas. The lease is located in the north mangum field and has a total of 26 wells; 23 wells that are producing from the marble falls reef and 3 disposal wells. The due diligence period and closing is expected before the first day of February, 2011. West Texas Royalties and Kiowa Oil Co. were the brokers for the transaction.

CanTex Energy Corp. 6301 Waterford Blvd. Ste. 403 Oklahoma City, OK 73118 [phone]

West Texas Royalties, Inc. Plainview, TX 79072 [phone]

Kiowa Oil Company 980 Noble Champions Way Bartonville, TX 76226 [phone]

About CanTex Energy Corp.: CanTex Energy Corp. (the Company) is a development stage, independent natural gas and oil company engaged in the acquisition, exploration, and development of natural gas and oil properties in the United States and Canada.

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies and the impact of competition. CanTex Energy Corp. does not undertake any duty nor does it intend to update the results of these forward-looking statements.

CONTACT: Steve Jones Email Contact 972 712-1039