News Column

Candax Energy Inc.: Election of Directors and Results of Annual Shareholders Meeting

June 25, 2014



TORONTO, ONTARIO--(Marketwired - June 25, 2014) - Candax Energy Inc. ("Candax" or the "Company") (TSX:CAX), a company focused on mature oil field development in Tunisia, announces the results of its Annual Shareholders Meeting held on June 11, 2014.

The results are as follows:

---------------------------------------------------------------------------- Matter Voted Upon Outcome of Vote Proxies Received and Shareholders Present ----------------------------------------- For Against Withheld Not Voted/ Not Valid ---------------------------------------------------------------------------- 1. In respect of Not Approved 60,631,735 642,482,994 setting the number (8.62%) (91.38%) of directors at five. This matter was voted on by ballot ---------------------------------------------------------------------------- 2. In respect of the individual election as directors of the Company of the five nominees named in the Management Information Circular of the Company dated May 9, 2014 were elected by ballot as follows: ---------------------------------------------------------------------------- M'hamed Ali Approved 701,945,312 255,300 913,317 Bouleymen (99.96%) (0.04%) ---------------------------------------------------------------------------- Benoit Debray Approved 701,942,312 258,300 913,317 (99.96%) (0.04%) ---------------------------------------------------------------------------- Stephen Drinkwater Approved 701,995,312 205,300 913,317 (99.96%) (0.03%) ---------------------------------------------------------------------------- Jean Pouzet Approved 701,945,312 255,300 913,317 (99.96%) (0.04%) ---------------------------------------------------------------------------- Huber Roudot Approved 701,942,312 258,300 913,317 (99.96%) (0.04%) ---------------------------------------------------------------------------- 3. In respect of the Approved 702,132,618 212,674 appointment of (99.97%) (0.03%) Deloitte SA Chartered Accountants, as the independent auditors of the Company until the close of the next annual meeting of shareholders and authorizing the directors of the Company to fix their remuneration. ----------------------------------------------------------------------------



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 a royalty interest in an exploration permit in Madagascar.

FOR FURTHER INFORMATION PLEASE CONTACT: Candax Energy Inc.info@candax.com Source: Candax Energy Inc.


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Source: Marketwire (Canada)


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