CGX Energy Inc.
TSX VENTURE : OYL

CGX Energy Inc.

April 28, 2009 12:00 ET

CGX Energy to Present at COPIC Spring Energy Conference

TORONTO, ONTARIO--(Marketwire - April 28, 2009) - CGX Energy Inc. (TSX VENTURE:OYL) is pleased to announce that it is presenting at the 2009 COPIC Spring Energy Conference in Toronto which will be broadcast live via webcast. CGX's presentation is scheduled for Wednesday, April 29th at 11:30 am ET. Kerry Sully, President & CEO is making the presentation which focuses on the exploration progress made by CGX in the Guyana Suriname basin and provides a preview of the preliminary interpretation of the Corentyne 3D seismic (completed on time and on budget) that is confirming CGX's 2D model. CGX has $22 million in capital (year-end financials are available on SEDAR www.sedar.com) and the Company is currently undertaking a $5 million capital expenditure program which includes seismic processing and interpretation, well design and environmental approval for drilling.

All parties are invited to log onto the webcast utilizing the following link:

www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2623940

CGX Energy Inc. (TSX VENTURE:OYL) is a Canadian-based oil and gas exploration company focused on the exploration for oil in the Guyana basin. 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 shareholders worldwide.

Additional information on CGX Energy may also be examined and/or obtained through the internet by accessing CGX Energy's website at www.cgxenergy.com.

Shares Outstanding: 126,144,913

Fully-Diluted: 134,999,913

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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