Cantex Energy Corp. (OTCPK: CTXE) announced a private placement of original issue discount convertible debentures for gross proceeds of $200,000 on November 2, 2007. The debentures are convertible into common shares of the company at $0.10 per share.

Cantex Energy Corp. announced that the Company has targeted four drillable structures as the most opportune sites to initiate exploration and development of its Big Canyon Prospect, located in the Val Verde Basin, Terrell County, Texas leasehold. After extensive evaluation and interpretation of the seismic data provided through geological and geophysical studies conducted on behalf of Cantex, the Company believes the four structures are the most feasible drilling opportunities available from an economic and risk/reward standpoint. Cantex Energy´s technical team has mapped these locations and expects to explore these opportunities in the near term. Cantex is currently awaiting the completion of the analogs for this prospect and the surrounding fields as well. Several parties have expressed interest in reviewing the data for potential farm-ins.

Cantex Energy Corp. announced that Gary McKenzie has joined the company´s Board of Directors effective immediately. Mr. McKenzie brings a wealth of expertise and has participated in numerous oil and gas projects and prospects over the years. Additionally, Mr. McKenzie has interest in the Barnett Shale area and Cantex expects he will assist Cantex in gaining working interest in some wells in this prolific region.