CGX Energy Inc.
TSX VENTURE : OYL.U

CGX Energy Inc.

April 17, 2007 17:08 ET

CGX Energy Announces Filing of Oil & Gas Information for the Years Ended December 31, 2004 and 2005

TORONTO, ONTARIO--(CCNMatthews - April 17, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

CGX Energy Inc. (TSX VENTURE:OYL.U) announced today that it has filed its Form 51-101F1 and Form 51-101F3 for the years ended December 31, 2004 and 2005, which includes the disclosure and reports related to oil and gas information required pursuant to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. The Corporation was not required to file a Form 51-101 F2 for the years ended December 31, 2004 or 2005 as the Corporation did not have any reserves for those periods and therefore an independent reserves evaluation was not performed. These documents can be accessed electronically on SEDAR at www.sedar.com.

CGX Energy is a Canadian-based oil and gas exploration company focused on exploration for oil in Guyana, South America. 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.

THIS PRESS RELEASE WAS PREPARED BY CGX ENERGY INC., WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY.

Shares Outstanding: 95,255,913

Fully-Diluted: 102,839,913

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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