Mr. Steve Hermeston reports

CGX ADDED TO S&P TSX VENTURE 30 INDEX AND RECOGNIZED BY TSX VENTURE FOR 2012 TSX VENTURE 50 RANKING

CGX Energy Inc.'s common shares have been added to the Standard & Poor's TSX Venture 30 Index, effective market open on Feb. 21, 2012. This is in addition to CGX being selected by the TSX Venture Exchange as a 2012 TSX Venture 50 company, a ranking of strong performers on the TSX Venture Exchange. The TSX Venture 50 comprises 10 companies from each of the following five sectors: mining, oil and gas, diversified industries, clean technology, and technology and life sciences. The companies were ranked based on equal weighting of market capitalization growth, share price appreciation, trading volume and analyst coverage.

"The 2012 TSX Venture 50 is made up of listed companies that have stood out and excelled," said John McCoach, president of the TSX Venture Exchange. "We are pleased to recognize these companies, and wish each of them continued growth and success."

Steve Hermeston, president and chief executive officer, commented, "We are pleased and honoured to have received this recognition from the TSX Venture Exchange, which directly reflects the hard work, delivery of results by the CGX management team, and the support of our shareholders and the investment community."