SOURCE: Cantex Energy Corp.

May 23, 2006 13:51 ET

Cantex Energy Corp. Announces Completion of the GPS Survey Today and the Mobilization of Seismic Crews for Big Canyon 2D Swath

SAN ANTONIO, TX -- (MARKET WIRE) -- May 23, 2006 --(PINKSHEETS: CTXE) Management would like to report The GPS surveying of our Big Canyon 2D Swath Geophysical program is being completed today. The crew that has been obtained to conduct the seismic survey (Quantum Geophysical) will be mobilizing May 30 (plus or minus 2 days) to the Big Canyon Prospect. It will take the crews about 3 to 4 days to get all the equipment (cable and geophones) laid out on the ground and then another day of testing so we should be in full production mode on or around the 4th or 5th of June. Once the first of three lines are shot we will then get data processed and report progress on a weekly basis.

Upon completion of the 2D swath an estimated $1.6 million will have been expended on the Big Canyon 2D geophysical program, with the objective being to prove up the historical data of an estimated 1 TCF of gas. Please visit www.cantexenergy.com and click on Big Canyon Survey for updated photos.

Trace Maurin, President of Cantex, commented, "We expect good things from this shoot and plan on several years of hard work finally leading to success for the Company and its shareholders."

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.pinksheets.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. (PINKSHEETS: 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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