Candax Announces Changes in Management

Candax Energy Inc, a company focused on mature oil field development in Tunisia, announced the following changes to its management team.

Pascal Mirville will cease to hold the titles of Chief Operating Officer of Candax and General Manager of Ecumed, the 100% owned Tunisian subsidiary of Candax, effective October 31, 2013. While Mr. Mirville will officially cede his responsibilities on this date, the Company anticipates that he will continue to assist the Candax management team during a transition period that extends beyond October 31, 2013. Benoit Debray, Chairman and CEO of Candax, will assume Mr. Mirville's responsibilities until a suitable replacement has been found.

Candax also announces that it has promoted Jamil Hamza to the position of Deputy General Manager of Ecumed. Mr. Hamza was previously Ecumed's Operations Manager.

"We wish to thank Pascal for his contributions to Candax," said Benoit Debray, Chariman and CEO of Candax. "The company has recently progressed through a complex period of transition, during which Pascal's input proved instrumental. I would also like to congratulate Jamil on his new responsibilities. I look forward to working with him as we continue to optimize our Tunisian assets."