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Cantex Energy Corp. Commences Drilling the First of a Potential Eight Wells on the West Ant Hills Prospect and Increases Its Working Interest to 33 Percent

Posted on: Thursday, 23 February 2006, 12:00 CST

Cantex Energy Corp. (Pink Sheets:CTXE) announced today that drilling has commenced on the West Ant Hills Prospect as scheduled and has exercised its option to increase its working interest from 18% to 33%.

Trace Maurin, President of Cantex Energy, commented, "We are very pleased to have the drilling underway for Federal #1-24 Well, Niobrara County Wyoming with anticipated testing and completion in mid March."

In addition the Company has agreed to exercise its option to earn a greater interest in the play by paying an additional $300,000 towards the drill program. Mr. Maurin states, "Our level of optimism has risen significantly due to another operator along the same channel approximately one mile north of our first drill location who is in the process of setting pipe and completing it. Historical production rates indicate production of 150 to 200bbls per day, therefore we felt it was in the best interest of our shareholders to exercise our option to increase the Company's working interest to 33% resulting in a Net Royalty Interest of approximately 24%."

Cantex Energy Corp. is an independent, managed risk, oil and gas exploration, development, and production company headquartered in San Antonio, Texas. The Company's current focus is the optimal exploitation and development of approximately 1,200 acres known as the West Ant Hills Prospect located in Niobrara County Wyoming.

Investors are encouraged to visit www.emerginggrowthstocks.com for a recent research profile on CTXE.

Cantex Energy Corp. is a Non-Reporting Company, quoted on the Pink Sheets, having filed a Form 211 pursuant to Rule 15c2-11 under the Exchange Act, with the NASD Compliance Unit. See www.pinksheet.com for real time quotes, how to trade pink sheet stocks, how to protect yourself and additional stock information.

Purchasing shares in Cantex Energy Corp. involves a speculative investment with substantial risks, and although the Company intends to use its best efforts to enhance the value of the Shares, there is no assurance that the Company's operations will be successful.

For more information about Cantex Energy Corp. (Pink Sheets:CTXE) please contact Emerging Growth Stocks Mark Porrello 310-491-9641 or visit their website at www.cantexenergy.com.

Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Cantex Energy's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: the potential that no commercial quantities of oil are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing and risks inherent in Cantex Energy's operations. These and other risks are described in Cantex Energy's Form 15c211 and other filings with the NASD and Securities and Exchange Commission.

Source: Business Wire

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