April 11, 2008

CGX Grants 2,650,000 Options

Toronto, Ontario - CGX Energy Inc. (OYL - TSXV) ("CGX") announces that it has granted, pursuant to its stock option plan, to directors, management and consultants of the Company an aggregate of 2,650,000 stock options.  Each such stock option entitles the holder to purchase one common share of the Company at a price of $2.70 until April 11, 2013.

CGX is a Canadian-based oil and gas exploration company focused on exploration for oil in Guyana, South America. CGX is managed by a team of experienced oil and gas and finance professionals from Canada, U.S.A. and the UK. CGX is financed internationally and has thousands of shareholders worldwide.

For further information please contact:

THIS PRESS RELEASE WAS PREPARED BY CGX ENERGY INC., WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.