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Canex Appoints New Director and CFO

Management Changes

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 Serv ices 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 i n 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 opportun ities 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.