cnw






/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES/




(TSX-V | OYL)




TORONTO, April 25, 2013 /CNW/ - CGX Energy Inc. (TSX-V - OYL) ("CGX" or
the "Company") is pleased to announce that it has received shareholder
approval in respect of the two resolutions that were proposed with
99.1% of disinterested shareholders voting in favour of the termination
of the Company's shareholders rights plan and 99.1% of disinterested
shareholders voting in favour of the previously announced brokered
private placement offering of up to 400,000,000 units. Closing of the
offering is expected to occur on April 26, 2013.




About CGX Energy


CGX is a Canadian-based oil and gas exploration company focused on the
exploration of oil in the Guyana-Suriname Basin, an area in which the
United States Geological Survey estimated a Pmean oil resource
potential of 13.6 billion barrels in their Assessment of Undiscovered
Conventional Oil and Gas Resources of South America and the Caribbean,
2012. 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.


Forward-Looking Statements:


This press release contains forward-looking statements. More
particularly, this press release contains statements that include, but
are not limited to, the closing of the private placement.
Forward-looking statements are frequently characterized by words such
as "plan", "expect", "project", "intend", "believe", anticipate",
"estimate", "may", "will", "would", "potential", "proposed" and other
similar words, or statements that certain events or conditions "may" or
"will" occur. The forward-looking statements are based on certain key
expectations and assumptions made by CGX. Although CGX believes that
the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because CGX can give no
assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature
they involve inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated due to a number of
factors and risks. In addition to other risks that may affect the
forward-looking statements in this press release and those set out in
CGX's management's discussion and analysis of the financial condition
and results of operations for the year ended December 31, 2012, the
private placement could be delayed or not occur if the Company is
unable to continue as a going concern until the closing of the private
placement, or if some other condition to the closing is not satisfied.
The forward-looking statements contained in this press release are made
as of the date hereof and CGX undertakes no obligation to update
publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.



SOURCE: CGX Energy Inc.



For further information:

Kerry Sully, President & CEO (604) 733-9647 or ksully@cgxenergy.com Charlotte May, Communications Manager (416) 364-3353 or cmay@cgxenergy.com