Source: DSA Corporate Services Inc.

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

TORONTO, ONTARIO--(Marketwired - July 23, 2015) - 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 23, 2015.

The results are as follows:

Brief Description of
Matter Voted Upon		 Outcome of Vote For Against Withheld
1. In respect of the appointment of Deloitte SA, Chartered Accountants, as the independent auditors of the Corporation until the close of next annual meeting of the shareholders and authorizing the directors for the Corporation to fix their remuneration. Approved 4,169,702
(90.37%)		 - 444,492
(9.63%)
2. In respect of the individual election as directors of the Corporation, the following directors were elected by ballot as follows:
M'hamed Ali Bouleymen Approved 680,016,425
(99.95%)		 - 307,495
(0.05%)
Benoit Debray Approved 680,189,620
(99.98%)		 - 134,300
(0.02%)
Hubert Roudot Approved 680,139,620
(99.97)		 184,300
(0.03%)
Jean-Claude Boubée Approved 680,323,920
(100%)		 0
Philip Maxwell Approved 680,323,920
(100%)		 - 0

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.

Contact Information:

Candax Energy Inc.
pboutant@candax.com
info@candax.com