Mr. Charles Fipke reports

CANTEX EXPLORATION UPDATE

Cantex Mine Development Corp. has provided an update on its exploration projects in Yemen and the Yukon.

Cantex wishes to confirm that the company's management is unaware of any material change in the company's operations that would account for the recent increase in market activity.

Yukon gold program

The processing and preparation of 1,392 heavy mineral samples collected from both unstaked areas and within the company's eight claim blocks totalling 1,380 claims covering over 28,000 hectares is complete at CF Mineral Research Ltd. in Kelowna, B.C. These samples have now been submitted for analysis in Vancouver, B.C., to test for gold and key pathfinder elements characteristically found downstream of Carlin-style mineralization in both Nevada and the Yukon.

Yemen gold program

Drilling continues at the company's Al Hariqah gold project in Yemen, which has been optioned by WCP Resources Ltd. of Australia. Two core drills are now testing the southern extension of the deposit. Most of the prior drilling has focused on the northern 1,000 metres of the deposit, which has been traced by soil sampling, channel sampling, geological mapping and limited drilling an additional three kilometres to the south.

The technical information and results reported herein have been reviewed by Chad Ulansky, PGeol, a qualified person under National Instrument 43-101, who is responsible for the technical content of this release.