Mr. Charles Fipke reports

CANTEX DISCOVERS 600 METRE GOSSAN AT NORTH RACKLA PROJECT, YUKON

Cantex Mine Development Corp. has discovered base metal mineralization at its North Rackla project in the Yukon.

To date 127 rock samples collected during the summer field program have been analyzed. Of these, 20 were collected by geologist Chad Ulansky from a newly discovered gossan zone which suboutcrops for a distance of 600 metres with an apparent width of up to 20 metres. The gossan zone is open at both ends. Grab samples of suboutcrop and down slope talus were assayed from along the 600-metre strike length and the results are as contained in the attached table.

Sample     Type      Copper   Lead    Zinc   Silver
                      (%)      (%)    (%)    (oz/t)

KAR0245    Talus       0.04    0.37   2.84      BDL
KAR0246    Talus       0.08    1.93   5.05     0.18
KAR0247    Talus       0.05   43.60   0.74     3.48
KAR0248    Subcrop     0.06    1.54   2.88      BDL
KAR0249    Subcrop     0.17    0.55   2.10     0.89
KAR0250    Subcrop     0.00    5.10   2.07     0.52
KAR0251    Subcrop     0.21   11.60   2.63     1.63
KAR0252    Subcrop     0.08    0.31   0.68     0.90
KAR0253    Subcrop     2.52    2.11   1.58    14.36
KAR0254    Subcrop     0.05    0.02   0.43     0.16
KAR0255    Subcrop     0.07    0.05   0.79      BDL
KAR0256    Subcrop     0.10    0.02   0.17      BDL
KAR0257    Subcrop     0.42    0.23   0.65     1.32
KAR0258    Subcrop     0.18    0.06   0.54     0.47
KAR0259    Subcrop     0.89    1.09   0.84     1.65
KAR0263    Subcrop     0.14    1.88   5.92     0.96
KAR0264    Subcrop     0.13    1.15   6.65     1.53
KAR0265    Subcrop     1.19    4.64   7.11    35.60
KAR0266    Subcrop     0.28    0.16   2.26     1.67
KAR0267    Talus       0.00   20.20   6.75     1.59

* "BDL" is below detection limits

In addition, gossanous float sample KAR0268 in the vicinity of the gossan zone described above (collected approximately 500 metres to the northeast) was determined to contain 0.13 per cent copper, 1.01 per cent lead, 11.4 per cent zinc and 0.56 ounce per ton silver. It appears that this float is from a separate zone.

Cantex looks forward to following up these results when field conditions permit.

The technical information and results reported here 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.