Cantex Energy Corp. (Pink Sheets:CTXE) announced today that the Company is updating all financial materials for the SEC audit report currently being prepared by Tsakopulos Brown Schott & Anchors, P.C., the Company�s CPA Firm in San Antonio, Texas, and audited by Malone & Bailey, PC of Houston, Texas. The audit report is an essential protocol that will serve to facilitate Cantex Energy�s transfer from the �Pink Sheets� to the OTC Bulletin Board Exchange in the near term. Cantex is well-positioned for greater exposure and a more highly regarded trading platform and continues to move forward in its efforts to accomplish its tasks in a timely fashion. Cantex Energy is aggressively pursuing multiple options regarding its opportunities within the Big Canyon Prospect, located in the Company�s Val Verde Basin, Terrell County, West Texas, leasehold. The size and scope of this Prospect represents a major undertaking and requires an encompassing review of all elements related to current and future drilling objectives within the leasehold. �We are actively working to expedite all necessary documentation toward becoming a fully-reporting company and appreciate the loyalty and patience of our valued shareholders,� Cantex Energy Corp. President Trace Maurin said. �Transferring from the Pink Sheets to the OTC Bulletin Board Exchange represents a sizable milestone in our company�s history, and we are comfortable that this process will reward our efforts.� Additional information regarding the Company�s progress 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.
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