Exploration Permit Amendment For The Gold Range Project

Exploration Permit Amendment For The Gold Range Project

CALGARY – CANEX Metals Inc. reported that an exploration permit amendment has been accepted for the Gold Range Project, Arizona, and a surface exploration program will commence. The amended exploration permit has been accepted for the Gold Range Project allowing additional drill pads at the new WestGold discovery. A surface exploration program at Gold Range will commence shortly focusing on refining drill targets at the new WestGold discovery and advancing additional areas for future drill testing. Mine buildings and other assets at the recently acquired Excelsior Mine will be inventoried and assessed.

Shane Ebert, President, said, “The Company applied for a permit amendment to allow additional drill pads around our new WestGold discovery, and that amendment has been accepted subject to posting an additional bond amount which is underway. We have been impressed with the speed and efficiency that the Bureau of Land Management in Kingman has shown in processing our permit amendments for the Gold Range Project. We have a field team scheduled to be on site at Gold Range in mid-March to conduct surface work focusing on refining targets for future drill testing and assessing recently acquired buildings and assets at the Excelsior Mine.”