CANEX Appoints Jeremy Ross to the Board

CANEX ENERGY CORP. #1305 - 1090 West Georgia Street Vancouver, BC V6E 3V7 Tel: 604-685-9316 Fax: 604-683-1585 www.canexenergy.com

TSX VENTURE SYMBOL: CSC OCTOBER 18, 2016

CANEX APPOINTS JEREMY ROSS TO THE BOARD

CANEX ENERGY CORP. ("Canex" or the “Company") (TSX Venture: CSC) is pleased to announce that Mr. Jeremy Ross has joined the Board of Directors, effective immediately.

Mr. Ross has over 20 years’ experience in Venture Capital and Marketing for Small cap to Mid-tier mining, Oil and Gas companies. He has been a Director of Fission Uranium Corp from 2013 to present. Mr. Ross has planned and implemented numerous marketing campaigns, and was the Corporate Development Consultant for Fission Energy named a Top 50 TSX-V company for its performance, prior to the completion of the 2013 Denison Arrangement.

In addition, Mr. Ross ran a number of corporate development programs for Canamax Energy TSX.V (CAC), which recently sold to private equity group "Edge Natural Resources LLC" in 2015. He also headed up corporate development for Able Auctions and Smart Tire systems, both of which graduated from the OTC-BB to the Amex stock exchange (NYSE).

ON BEHALF OF THE BOARD

“Nick DeMare”

Nick DeMare, Director & Corporate Secretary Tel: 604-685-9316

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.