October 19, 2025
CGX Grants 2,200,000 Options

Toronto, Ontario - CGX Energy Inc. (OYL - TSX-V) announces that it has granted, pursuant to its stock option plan, to directors, management and consultants of the Company an aggregate of 2,200,000 stock options. Each such stock option entitles the holder to purchase one common share of the Company at a price of $1.11 until October 19, 2015.

CGX Energy Inc. (TSX-V- OYL) 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. Information on CGX Energy Inc. may be obtained through the internet by accessing the Company’s website at www.cgxenergy.com or Company’s profile on SEDAR at www.sedar.com.

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Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.