February 21, 2008

CGX Energy Shares to Trade in CDN$ Effective February 22

New Symbol: OYL

Toronto, Ontario - CGX Energy Inc. (OYL.U - TSXV) ("CGX") announces today that it has received approval from the TSX Venture Exchange to change the trading of its shares from US$ to CDN$. CGX Energy shares currently trade under the symbol OYL.U.

Trading in CDN$ will begin on Friday, February 22 nd under the new symbol OYL.

Kerry Sully, President & CEO stated:

"The decision to change the pricing of our shares to Canadian dollars was made primarily to remove confusion in the trading price as CGX Energy is listed on a Canadian exchange. As the exchange rate between the Canadian and US dollar is currently in a very close range, we believe the timing is right to make this transition."

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.

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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.