Canamex Samples Up to 12.234 gpt Gold From Stream Sediments At Aranka North

VANCOUVER, BC – Canamex Resources Corp. reported anomalous gold with values ranging up to 12,234 ppb (12.234 gpt) Au in the stream sediment samples and pan concentrates from its Aranka North gold exploration project in Guyana, South America. "The results of follow-up stream sediment sampling are extremely exciting, and support the interpretation that there is a large 2.5 kilometers wide by 5 kilometers long area of gold mineralization that appears to be the source for historic and current alluvial gold operations in the subject area we are now identifying as the Ridge Anomaly," said Chairman and CEO Greg Hahn.

Eighteen streams drain the Ridge Anomaly, and all of them contain anomalous gold. Values range from 2.8 ppb to 12,224 ppb Au, and twelve of the streams contain over 100 ppb gold. Visible gold in stream sediment and pan concentrates from this area is fine-grained and needle- shaped with very sharp edges, suggesting it has not been transported very far. Most of these sample locations are within 1 kilometer of the headwaters of the streams draining the Ridge Anomaly, suggesting very close proximity to the source of the gold.

An additional 50 stream sediment and pan concentrate samples are currently in process in Acme Analytical Laboratories, Vancouver, BC. Follow-up stream sediment sampling from several other previously identified anomalous drainages east of the main camp and along the Waini River detected gold anomalies in those drainages, but results from all samples taken in those drainages have not been received yet, so those results will be reported separately after all data have been received. Results expected this month.

Canamex is mobilizing its field crew to camp to commence grid soil sampling on the Camp Anomaly. The Camp Anomaly is located immediately behind the main camp on the Waini River and is defined by four gold in stream sediment anomalies and locally exposed quartz veins and veinlets in deeply weathered iron-rich sericite schist and metavolcanic sediments. It covers an area of 1.5 kilometers by 1 kilometer. Soil grid surveying and sampling on the Camp Anomaly grid is expected to be completed in early April, with initial results anticipated in early May.

The company has established a 12-man field camp in the middle of the Ridge Anomaly and an ATV trail from the main camp on the Waini River to the field camp. The field camp supported the recently completed follow-up stream sediment sampling program, and will be used as the base for the Ridge Anomaly grid surveying and soil sampling program, which will commence after completion of the aforementioned Camp Anomaly program. All soil sampling will be done on a sample spacing of 100 meters by 100 meters. Initial results from the Ridge Anomaly are expected by the end of May.