Mr. Robert Kramer reports

CANAMEX CLOSES $2,933,820 FINANCING

Canamex Resources Corp. has closed its private placement for gross proceeds of $2,933,820 (refer to news releases dated July 27, July 30 and Aug. 3, 2012). On Aug. 9, 2012, the company received acceptance from the TSX Venture Exchange to close the private placement.

In accordance with the provisions of the subscription agreements, on Aug. 10, 2012, the company issued a total of 10,866,000 units at a price of 27 cents per unit, each unit consisting of one common share and one share purchase warrant, each warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of two years from the date of issuance, at a price of 40 cents per share in the first year and thereafter at a price of 50 cents in the second year (provided that in the event that the weighted-average closing price of the company's shares on the exchange equals or exceeds 75 cents during any 20 consecutive trading days commencing four months after the date of issuance of the warrants, then the company may within 30 days of such an occurrence give notice in writing to the holders of the Warrants that the warrants shall expire at 5 p.m. (Vancouver time) on the 20th business day following delivery of such notice unless exercised by the holders of the warrants prior to such time).

In connection with this financing, the company paid finders' fees totalling $138,083.40 in cash and issued a total of 457,520 finders' warrants on the same terms as warrants set out above.

These shares and any shares issued on exercise of the warrants (including finders' warrants) will be subject to a hold period under applicable Canadian securities laws expiring on Dec. 11, 2012, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws.