CANEX Appoints New Director and CFO

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 MAY 25, 2017

CANEX APPOINTS NEW DIRECTOR AND CFO

CANEX ENERGY CORP. ("Canex" or the “Company") (TSX Venture: CSC) – Mr. Sherman Dahl, President and CEO, announces the appointment of Ross McElroy to the Board and Ryan Cheung as the new CFO of the Company following the resignation of Nick DeMare as Director and CFO, effective immediately.

Mr. Ross McElroy is a professional geologist with over 30 years of experience in the mining industry. He is the winner of the PDAC 2014 Bill Dennis award for exploration success and the Northern Miner ‘Mining Person of the Year 2013’. He has varied and comprehensive experience at both a technical and executive level for junior public companies and major mining companies, working with and managing many types of mineral projects from grass roots exploration to feasibility and production.

Mr. Ryan Cheung, CPA, CA, is the founder and managing partner of MCPA Services Inc., Chartered Professional Accountants, in Vancouver, B.C. Leveraging his experience as a former auditor of junior venture and resource companies, Ryan serves as a director and/or officer or consultant for public and private companies providing financial reporting, taxation and strategic guidance. He has been an active member of the Chartered Professional Accountants of British Columbia (formerly Institute of Chartered Accountants of British Columbia) since January 2008. Mr. Cheung holds a Diploma in Accounting from the University of British Columbia and a Bachelor of Commerce in International Business from the University of Victoria.

About Canex Energy Corp.

Canex has 2,181,212 shares issued and outstanding and is actively seeking business opportunities in favourable jurisdictions.

ON BEHALF OF THE BOARD

“Sherman Dahl ”

Sherman Dahl , President & CEO 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.