SOURCE: Cantex Energy Corp.

April 19, 2006 13:00 ET

Cantex Energy Corp., to Re-Price the $500,000 Private Placement Announced on April 19, 2006

SAN ANTONIO, TX -- (MARKET WIRE) -- April 19, 2006 -- Cantex Energy Corp., (OTC: CTXE) wished to announce that the $500,000 private placement announced on April 19, 2006 has been amended. Due to the present market conditions and shareholder sentiment management has renegotiated the terms to be at $1.00 per share, but will include a full warrant entitling the investor to acquire an additional share at $1.10 for two years and an additional override in Cantex's interest of 1.25%. The company will undertake to make its best efforts to register the shares in the near future.

Trace Maurin, President of Cantex commented, "We heard from our shareholders and accepted their concerns that with the potential upside of this program and present market conditions that the financing was under priced. The investing partner has taken a reasonable stance on the new amended terms and we look forward to positive ongoing working relationship in the development of the Big Canyon Prospect."

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.pinksheet.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. (OTC: CTXE) please contact Deborah Walters, Phone: 877-332-2875, ext. 501 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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