CGX Energy Inc.
TSX VENTURE : OYL

CGX Energy Inc.

March 15, 2011 19:00 ET

CGX Appoints Investor Relations Representative

TORONTO, ONTARIO--(Marketwire - March 15, 2011) - CGX Energy Inc. (TSX VENTURE:OYL) ("CGX" or the "Company") is pleased to announce that Charlotte May was formally appointed as the Company's Investor Relations officer on November 1, 2009 for an indefinite period. Effective as of this date, the Company entered into a consulting contract with Charlotte May, through her company CMA Corporate Management, for the provision of Investor Relations services including communication with shareholders, drafting and preparation of marketing and disclosure documents, website maintenance and event planning and coordination at a rate of $4,000 per month. Charlotte May has over 20 years experience in the institutional brokerage industry and the oil and gas and junior industrial sectors. Ms. May has been granted 250,000 options as follows: on July 13, 2007, 50,000 options exercisable at US$1.20 with an expiry date of July 13, 2012; on April 11, 2008, 50,000 options exercisable at C$2.70 with an expiry date of April 11, 2013; on June 1, 2009, 100,000 options exercisable at C$1.36 with an expiry date of June 1, 2014; and on October 19, 2010, 50,000 options exercisable at C$1.11 with an expiry date of October 19, 2015.

CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration for oil in the Guyana. CGX is managed by a team of experienced oil and gas and finance professionals from Canada, U.S.A. and the UK. CGX is financed internationally and has thousands of shareholders worldwide.

Shares Outstanding:  193,428,664 
Fully-Diluted: 204,723,664

THIS PRESS RELEASE WAS PREPARED BY CGX ENERGY INC., WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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