Mr. Robert Kramer reports

CANAMEX INTERSECTS 21.3 METERS OF 4.27 G/TONNE GOLD (70 FEET OF 0.125 OZ/TON) INCLUDING 1.5 METERS OF 37.9 GPT AU (5 FEET OF 1.25 OPT) AT THE BRUNER GOLD PROJECT, NYE COUNTY, NEVADA

Canamex Resources Corp. has drilled a new high-grade gold intercept at the Penelas East discovery area on the Bruner gold project, Nye county, Nevada. A new drill pad was constructed in June at Section 540mN at the Penelas East high-grade discovery area, located roughly 90 metres north of the initial discovery hole in B-1201 (see news release July 18, 2012), and 140 metres north of the follow-on high-grade gold intersected in hole B-1301 (see news release April 23, 2013).

Penelas East high-grade intercept

Drill hole B-1316 cut 1.5 metres grading 37.9 grams per tonne gold (five feet of 1.25 ounces per ton gold) from 340 to 345 feet, within a wider zone averaging 4.27 grams per tonne over 21.3 metres (0.125 ounce per ton over 70 feet) between 295 and 365 feet. The high-grade intercept was projected at 350 feet, based upon a detailed 3-D analysis of the two previous high-grade intercepts in B-1201 and B-1301. True widths of the two intercepts are believed to be 4.5 feet and 60 feet, respectively.

Penelas East drill program continuing to test additional high-grade intercepts

Drill hole B-1317 (completed and results pending), drilled to intersect the high-grade structure 100 feet up dip from B-1316, intersected a grey quartz interval with black submetallic minerals similar in appearance to the intercept in B-1316. Drill hole B-1318 (completed and results pending), drilled to intersect the high-grade structure 100 feet north of the intercept in B-1316 also cut a similar-appearing interval of grey quartz with submetallic black minerals. The drill is now drilling hole B-1319 designed to intersect the high-grade structure 100 feet above the intercept cut in B-1318. Drill hole B-1315, drilled to intersect the high-grade structure below the intercept in B-1316, cut light-grey quartz but without black submetallic minerals and with only low-grade gold adjacent to it.

"We are very excited to continue to intersect high-grade gold in the Penelas East discovery area. This high-grade structure remains open and undrilled to the north of the fence of holes currently being drilled, and remains open and undrilled to the south of hole B-1301, located about 140 metres south of the intercept reported above from hole B-1316," stated Greg Hahn, president and chief operating officer. "We believe we now have a good handle on the strike and dip of this high-grade structure. Continued RC drilling of this structure, and others nearby, will comprise the focus of our drilling efforts for the foreseeable future. In addition, we plan to bring in a core drill in September to get a more detailed look at the structure hosting the high-grade gold."

Drilling on the northern extension to the historic resource area

Drilling of holes B-1308 through B-1314 completed on the northern extension to the historic resource area intersected numerous intervals tens of feet to over 100 feet thick grading 0.01 ounce per tonne gold, but did not intersect any higher-grade material that justified continued drilling in this target area at this time. Thus, the drill rig returned to the Penelas East high-grade target area and will continue to drill the high-grade structures on the east side of the property through the balance of the year.

Quality control

Drill samples are stored on a locked storage facility on site and were retrieved by ALS-Chemex employees, transported in their custody to the ALS-Chemex laboratory in Reno/Sparks, Nev., where they were dried, crushed and split, and representative splits sent to the ALS-Chemex laboratory in Vancouver for gold and silver analyses. Duplicates, blanks and standards were inserted at regular intervals for quality assurance/quality control purposes.

Greg Hahn, president and chief operating officer, and a certified professional geologist (No. 7122), is the qualified person under National Instrument 43-101 responsible for preparing and reviewing the data contained in this press release.

We seek Safe Harbor.