Mr. Brent Peters of Northfield reports

NORTHFIELD CAPITAL CORPORATION ACQUIRES SECURITIES OF CANTEX MINE DEVELOPMENT CORP.

Northfield Capital Corp. acquired ownership and control of 100,000 common shares of Cantex Mine Development Corp. on Oct. 29, 2018, representing approximately 0.4 per cent of all issued and outstanding common shares of the company as of such date immediately following such transaction.

Immediately before the transaction described above, the acquirer held an aggregate of 1,443,050 common shares of the company and convertible securities entitling the acquirer to acquire an additional 1,071,425 common shares of the company, representing approximately 5.8 per cent of the issued and outstanding common shares of the company (or approximately 9.8 per cent assuming exercise of the warrants only). Upon completion of the transaction described above, the acquirer owns and controls an aggregate of 1,543,050 common shares of the company and the 1,071,425 warrants, representing approximately 6.2 per cent of the issued and outstanding common shares of the company as of Oct. 29, 2018, immediately following the transaction described above (or approximately 10.1 per cent assuming exercise of the warrants only).

The subject shares were acquired in a private placement and not through the facilities of any stock exchange. The holdings of securities of the company by the acquirer and its joint actor are managed for investment purposes, and the acquirer and its joint actor could increase or decrease their investments in the company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The aggregate consideration payable for the subject shares was $70,000, calculated as an aggregate of 100,000 subject shares acquired at a purchase price of 70 cents per share.

The trade was effected in reliance upon the exemption contained in Section 2.3 of National Instrument 45-106 on the basis that the acquirer is an "accredited investor" as defined herein.