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Candax Energy Inc. Announces Election of Directors

TORONTO, ONTARIO--(Marketwired - Jun 26, 2013) - Candax Energy Inc. (CAX.TO) (the "Corporation") today announced that the nominees listed in the management proxy circular for the 2013 Annual and Special Meeting of Shareholders (the "Meeting") were elected as directors of the Corporation. Detailed results of the votes by proxy for the election of directors held at the Meeting today in Toronto are set out below.

Nominee Votes
M'hamed Ali Bouleymen 468,039,084 99.24 478,733 0.10
Benoit Debray 468,412,417 99.32 105,400 0.02
Stephen Drinkwater 468,039,084 99.24 478,733 0.10
Jean Pouzet 468,412,417 99.32 105,400 0.02
Hubert Roudot 468,412,417 99.32 105,400 0.02
John Younger 468,462,417 99.33 55,400 0.01

The election of directors was conducted and approved by show of hands at the Meeting. A report of voting results for each resolution presented at the Meeting prepared in accordance with National Instrument 51-102 will be filed on www.sedar.com.

About Candax

Candax is an international energy company with offices in Toronto and Tunis. The Candax group is engaged in exploration and the production of oil and gas in Tunisia and holds an interest in an exploration permit in Madagascar.