CGX Announces Resignation of David Christian

(TSX-V | OYL)

TORONTO, May 18, 2012 /CNW/ - CGX Energy Inc. (TSXV: OYL) ("CGX" or the "Company") announces that David Christian has resigned as a director.  Mr. Christian joined the board of directors on June 28, 2011, shortly after the appointment of the former President and CEO, Stephen Hermeston.

CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin, an area ranked second in the world for oil and gas prospectivity by the United States Geological Service.  CGX is managed by a team of experienced oil and gas and finance professionals from Guyana, Canada, the United States and the United Kingdom.

NEITHER THE 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.

Kerry Sully                                                [phone] or [email protected]
Charlotte May, Communications Manager   [phone] or [email protected]