Canex Announces the Resignation of a Director

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 MARCH 31, 2017

CANEX ANNOUNCES THE RESIGNATION OF A DIRECTOR

CANEX ENERGY CORP. ("Canex" or the “Company") (TSX Venture: CSC) – announces that

Mr. David Sidoo has resigned as a director of the Company, effective immediately.

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.