RSX Energy Inc.
TSX VENTURE : RSX

RSX Energy Inc.

October 31, 2006 16:05 ET

RSX Announces Bought Deal Private Placement

CALGARY, ALBERTA--(CCNMatthews - Oct. 31, 2006) -

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RSX Energy Inc. ("RSX" or the "Company") (TSX VENTURE:RSX) announces that it has entered into a "bought deal" private placement financing of 3,000,000 common shares to be issued on a "flow-through" basis (the "Flow-Through Shares") at $4.05 per share for gross proceeds of $12.15 million (the "Financing"). It is expected that directors, officers and management of the Company will participate in the Financing with the purchase of up to 200,000 Flow-Through Shares.

The Financing is being completed through a syndicate of underwriters led by Raymond James Ltd. RSX plans to use the proceeds to fund its ongoing exploration program. Closing of the Financing is expected to occur on or about November 17, 2006.

Completion of the Financing is subject to receipt of all necessary regulatory approvals.

RSX is a Calgary based company engaged in the exploration, development and production of oil and natural gas. The Company's common shares are listed on the TSX Venture Exchange under the trading symbol "RSX".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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