Cantex Energy Corp. Enters Letter of Intent

SAN ANTONIO--(Business Wire)--
Cantex Energy Corp. (Pink Sheets: CTXE) announced today that it,
in conjunction with Big Canyon Energy, LLC, has entered into a Letter
of Intent (LOI) with an established Texas operator who will lease,
purchase, operate, drill, develop and own working interests in the Big
Canyon Prospect area ("Prospect area") in the West Texas Overthrust,
Val Verde Basin, Terrell County, Texas. The Texas operator, an
aggressive oil and gas exploration/development company who has drilled
over 3,500 wells in 10 states, will earn up to a 50% working interest,
with a 75% net revenue interest in the Prospect area, consisting of
approximately 20,000 to 30,000 net mineral acres.

Per the LOI, the parties have agreed to negotiate in good faith
with the intent to enter into a mutually agreeable Joint Operating
Agreement and Area Of Mutual Interest Agreement within the next 45
days.

More information regarding the company's projects and initiatives
will be forthcoming as developments warrant.

About Cantex Energy

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. For real-time quotes, how
to trade pink sheet stocks, how to protect yourself and additional
stock information, please see www.pinksheet.com.

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. (Pink Sheets: CTXE) please
contact Barry Gross, Phone: 361-949-4999, or visit the Company's
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.

Cantex Energy Corp., San Antonio
Barry Gross, 361-949-4999
www.cantexenergy.com

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