CANEX Grants Stock Options

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 JUNE 2, 2017

CANEX GRANTS STOCK OPTIONS

CANEX ENERGY CORP. ("Canex" or the “Company") (TSX Venture: CSC) – Mr. Sherman Dahl, President and CEO, announces the granting of stock options to directors, officers and consultants for the purchase of up to 200,000 shares of the Company, at a price of $0.40 per share, for a term of three years.

The Company has 2,181,212 shares issued and outstanding and is actively seeking business opportunities in favourable jurisdictions and various industries. The Company is also considering various financing options as funds are required to investigate and assess various business opportunities under review and to resolve short term liquidity concerns. There can be no assurance that the Company will conclude any transactions in the near future.

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.