Terax Energy Submits Application to List on AMEX

Terax Energy Inc. (OTC Bulletin Board: TERX) has submitted an application to list its common stock on the American Stock Exchange. The Amex is the nation's most diversified financial marketplace and is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds. The Amex lists hundreds of corporations, including numerous leading energy firms and high-technology companies.

"Graduating to the American Stock Exchange will be a significant achievement in the growth and advancement of our company and will increase our exposure to both institutional and individual investors in the United States and in Europe," said Lawrence Finn, president, chief executive officer and chief financial officer of Terax. "Moving to a larger exchange will complement our growth strategy, and we look forward to a swift approval process."

Terax Energy Inc. is an independent gas exploration, development and production company, headquartered in Dallas. The sole focus for Terax is the optimal exploitation and development of approximately 27,500 gross acres in two mostly contiguous blocks, consisting of prospective Barnett Shale development acreage located in Erath and Comanche Counties, Texas.