Cantex Energy Corp. Acquires Participation Rights to 24,900 in SW Texas Val Verde Play.

SAN ANTONIO -- Cantex Energy Corp. (Pink Sheets:CTXE) announced today that it has entered into a Participation Agreement with Big Canyon Energy LLC ("BCE"), a Texas limited liability company, for the right to participate in the exploration and development of Twenty Four Thousand Nine Hundred (24,900) acres of land located in Terrell County, Texas. The play is known as the Big Canyon Ranch Project located in the sparsely explored portion of the prolific Val Verde Basin. The Ranch is located approximately 15 miles SW of the estimated leading edge of the Ouachita overthrust and another 15 miles NE of the axis of the Val Verde Basin. The project is mapped on the basis of available well control and reprocessed seismic data, identifying four prospects with productive potential for natural gas and condensates. Including the Ouachita thrust, the Wolfcamp Sands, the thrusted Strawn play and the deeper Ellenburger. Significant hydrocarbon discoveries have been made in the Val Verde Basin in the West Texas area including three giant gas structures, namely the Puckett, Grey Ranch and Brown Basset fields that have produced over 13 tcf of gas to date.

Topography has challenged new major discoveries, but modern advancements in the form of relatively low cost 2-D swath technologies are now capable of extending the limits of resolution producing high-quality 3-D images.

Cantex Energy will pay $500,000 towards a Geophysical operation that shall include up to 42 miles of seismic activity that will be operated by Providence Technologies Inc., who have over 25 years of experience in the area. Providence Technologies Inc. has designed and licensed to BCE a Three-Dimensional (3-D) and Two-Dimensional (2-D) swath Seismic imaging proposal for the Project designed to extend the Val Verde Seismic Imaging Methodologies through the Big Canyon Project area. Permitting is already in hand and surveying commences this week. The Company and its partners anticipate a final interpretation and evaluation of the project area in June 2006 with a view to commence test well drilling immediately thereafter. Cantex will thereby have the right to a 31% working interest in all four potential plays with an option to participate up to a 51% working interest. For additional disclosure purposes, certain mineral rights owners of the Big Canyon Ranch include a relative of the President of Cantex Energy, Trace Maurin, however Mr. Maurin holds no direct or indirect ownership in the Big Canyon Ranch.

Trace Maurin, President of Cantex Energy, commented, "Providence Technologies Inc. has the published credentials and proven hands-on reputation to delineate the productive potential and structural highs within the Project Area through additional state-of-the-art seismic evaluation."

Cantex Energy Corp. is an independent, managed risk, oil and gas exploration, development, and production company headquartered in San Antonio, Texas. The Company's additional 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 15c211 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 Trace Maurin, President & CEO, at 210-639-3156 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.