cnw






(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.




For further information:

Kerry Sully (604) 733-9647 or [email protected] Charlotte May, Communications Manager (416) 364-3353 or [email protected]