2017-08-18 19:40 ET - News Release

Mr. Sherman Dahl reports

CANEX APPOINTS CRAIG SCHNEIDER TO THE BOARD

Canex Energy Corp. has appointed Craig Schneider to the board. Sherman Dahl, president and chief executive officer, stated: "Craig is an extremely capable capital markets professional who will be a tremendous asset to our board. Canex is committed to creating shareholder value with a strong capital structure, a strong independent board and proven management team."

Mr. Schneider has over 25 years of extensive experience in capital market financing, business development and strategic planning with public companies in technology, biotechnology and the resource sector. He was a co-founder of Magnum Uranium Corp., a TSX Venture Exchange company which was purchased by Toronto Stock Exchange-listed Energy Fuels Inc. Mr. Schneider is also a founder of Corex Gold Corp., InMed Pharmaceuticals Inc. and Standard Graphite Corp., and has been instrumental in building these companies to their current stages of development.

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