Corporate Profile

Canext Energy Ltd (“Canext”) was created as an exploration focused company spun out from its predecessor Canex Energy Inc. (“Canex”). The entire management team of Canex participated in the private placement and have moved across into the new company. At Canex the team grew production from 50 boepd to 1200 boepd with 600 – 800 boepd behind pipe. The company was recapitalized in May 2002 at $0.20/share (premium to market) reorganized through a plan of arrangement with the last trading at $3.50/share. This represents a 1650% return over four years.

On June 21, 2007, Canext Energy Ltd., Trimox Energy Inc. and Tasman Exploration Ltd. are pleased to announce the successful completion of their previously announced Plan of Arrangement to create a new company called Canext Energy Ltd. ("New Canext"). This was in line with management's strategic outlook for the Company.

Canext Corporate Profile