CANEX Receives Loan Funding

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 AUGUST 3, 2016

CANEX RECEIVES LOAN FUNDING

CANEX ENERGY CORP. ("Canex" or the “Company") (TSX Venture: CSC) announces that it has received initial loan proceeds of $70,000 from two directors and a shareholder of the Company. The funds have been advanced to provide necessary working capital. The loan is unsecured, payable on demand and bears interest at 5% per annum.

ON BEHALF OF THE BOARD

“Nick DeMare”

Nick DeMare, Director 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.