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Press release from Marketwire

AvenEx Energy Corp. Monthly Dividend Declaration

Thursday, March 15, 2012

AvenEx Energy Corp. Monthly Dividend Declaration17:49 EDT Thursday, March 15, 2012CALGARY, ALBERTA--(Marketwire - March 15, 2012) - AvenEx Energy Corp. ("AvenEx") (TSX:AVF) is pleased to announce that its Board of Directors have declared its regular monthly dividend for March 2012 of $0.045 per common share payable on April 16, 2012 to shareholders of record at the close of business on March 30, 2012.The Board of Directors reviews the dividend on a monthly basis with monthly dividends expected to be paid on the 15th of the month. Shareholders are entitled to receive dividends only when any such dividends are declared by the Board of Directors and there is no entitlement to any dividend prior thereto.For Canadian resident shareholders the dividend declared is designated as an "eligible dividend" for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.An electronic copy of this press release may be obtained on AvenEx's SEDAR profile at www.sedar.com.FOR FURTHER INFORMATION PLEASE CONTACT: William GallacherAvenEx Energy Corp.Chief Executive Officer(403) 237-9949(403) 237-0903 (FAX)ORGary DundasAvenEx Energy Corp.Chief Financial Officer(403) 237-9949(403) 237-0903 (FAX)ORSuite 300, 808- 1st Street S.W.AvenEx Energy Corp.Calgary, Alberta T2P 1M9(403) 237-9949(403) 237-0903 (FAX)The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.