Canamax Announces Grant of Stock Options

CALGARY, AB–(Marketwired – July 24, 2015) –

Canamax Energy Ltd. (“Canamax” or the “Company“) (TSX VENTURE: CAC) announced that the Board of Directors of the Company has approved a resolution to grant an aggregate of 3,097,500 stock options (“Options”) to acquire common shares of the Company pursuant to the Company’s Stock Option Plan (the “Plan”), of which 1,862,500 were granted to officers and directors of the Company, and the remaining options granted to employees and consultants. The Options have an exercise price of $0.60 (based on the pricing of the Company’s shares in its recently completed private placement) and vest as to one-third on April 15, 2016, one-third on April 15, 2017 and one-third on April 15, 2018. The Options vesting in each tranche will expire in accordance with the Plan and not later than one year from the date which such Options vested.

About Canamax

Canamax is a Montney oil focused junior oil and gas company with its core assets located in the Greater Grimshaw area of Northwestern Alberta.

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