October 2, 2007

CGX Energy to Present at COPIC Conference

Toronto, Ontario - CGX Energy Inc. (OYL.U - TSX-V) is pleased to announce that it is presenting at the 2007 COPIC Energy Fall Conference in Toronto, which will be broadcast live via webcast. CGX's presentation is scheduled for Wednesday, October 3rd at 11:30 am EST. Kerry Sully, President & CEO is making the presentation and will focus on CGX's prospects and plans post the International Tribunal on the Law of the Sea (ITLOS) award on the maritime boundary dispute between Guyana and Suriname that occurred on September 20, 2007. All parties are invited to log onto the webcast utilizing the following link: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2016740.

CGX Energy Inc. (TSX-V- OYL.U) is a Canadian-based oil and gas exploration company focused on the exploration for oil in the Guyana basin. 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 shareholders worldwide.

Additional information on CGX Energy may also be examined and/or obtained through the internet by accessing CGX Energy's website at www.cgxenergy.com .

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.