Candax Energy Inc.

Candax Energy Inc.

September 26, 2005 12:41 ET

Candax Energy Inc.: El Bibane Operational Update Conference Call

TORONTO, ONTARIO--(CCNMatthews - Sept. 26, 2005) -

Not for distribution to United States newswire services or for dissemination in the United States.

Candax Energy Inc. (TSX:CAX) announced in a press release earlier today that it would be releasing details for a conference call to be held on Tuesday, September 27th at 10 am ET. Following are the details for the conference call and the Company invites all interested shareholders to call in and participate in the call if they wish.

Time: 10 am - 11 am ET

North American Callers: 1-800-215-2393

International Callers: +1-416-641-6450

Michael Wood, President & CEO will Chair the conference call and other members of the Candax executive team will be on hand to answer questions. The Company is looking forward to providing investors with details on the suspension of re-start operations at the El Bibane Field, Offshore Tunisia and an operational update with respect to our upcoming programs.

Candax Energy Inc. is an international energy company with its head office in Toronto, Ontario, Canada and management offices in London, Dubai and Tunis. The Company holds a number of concessions in Tunisia through its subsidiary companies and is involved in the exploration and production of oil, gas and power generation in the country. Candax was formed through the combination of a highly experienced executive management team with successful Canadian founders and financiers, to develop an international upstream oil and gas project portfolio. Candax is initially focusing its growth activities on production and development projects in the Middle East and North Africa, where the group has strong relationships as well as extensive management experience.

Certain statements in this News Release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements.

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