Cantex Provides Update on Big Canyon Prospect

  
    
  
  
    
      Cantex Energy Corp. (Pink Sheets:CTXE) announced today that, 
      after the Company’s recent engagement of PLS, 
      Inc., a petroleum listing service based in Houston, Texas, the Company 
      met with several parties interested in gaining a working interest 
      partnership with Cantex Energy. The partnership will enable the drilling 
      of four targeted sites, and potentially additional locations, within the 
      Big Canyon prospect located in the Val Verde Basin, Terrell County, 
      Texas leasehold. Cantex Energy has scheduled secondary meetings with 
      several of these expressly interested parties.
    
    
      “We remain diligent in our efforts to advance 
      our Big Canyon Prospect and additional drilling opportunities, and are 
      excited to have engaged PLS’ premier listing 
      service which has already provided us with several potential partnership 
      candidates,” President and CEO of Cantex 
      Energy Corp., Trace Maurin, said. “We are 
      confident that the value and validity of our Company’s 
      prospects will be appreciated by oil and gas opportunists, resulting in 
      a working interest partnership that can bring our Big Canyon Prospect 
      and other drilling ventures to fruition.”
    
    
      PLS was formed in 1987 to adapt the real estate industry's highly 
      effective MLS™ (multiple listing service) for 
      the oil and gas industry and currently has over 2,100 buyer and seller 
      members using their network. PLS has become a premiere source for 
      companies in the U.S. and Canada to showcase their prospects, and 
      assists buyers and sellers by providing the platform to facilitate 
      profitable transactions between interested parties within the oil and 
      gas industry.
    
    
      For more information about PLS, Inc., please visit their website at www.plsx.com.
    
    
      Additional information regarding Cantex’s 
      projects will be forthcoming as developments warrant.
    
    
      About Cantex Energy
    
    
      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. For real-time quotes, how 
      to trade pink sheet stocks, how to protect yourself and additional stock 
      information, please see www.pinksheet.com.
    
    
      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 
      Barry Gross, Phone: [phone], or visit the Company’s 
      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.