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File: NR Oct 30.14  Fundamental Change,  Corp Update.pdf

                                   ANEXCO RESOURCES LTD.
                                810 � 675 West Hastings Street
                                    Vancouver, BC V6B 1N2
                             Tel: 604.782.4191 Fax: 604.637.9614

                      NOT FOR DISSEMINATION IN THE UNITED STATES

Vancouver, BC. October 30, 2014

Anexco Resources Resumes Trading on the CSE, and Announces a Fundamental Change of
Business to the Cannabis Sector

Anexco Resources Ltd. (AXO:CSE) ("Anexco" or the "Company") is pleased to announce that the
Canadian Securities Exchange (the "CSE") has approved the Company's Conditional Listing
Statement dated October 27, 2014 ("Listing Statement") regarding a fundamental change from
natural resources to the Cannabis sector. The Company has received shareholder approval to
the Listing Statement. Concurrent with these approvals, the Company's shares have re-
commenced trading on the CSE.

The Company has also closed the first tranche of the non-brokered private placement
announced on August 28, 2014 by the issue of 607,889 units at $.18 per unit for proceeds of
$109,420. Each unit consists of one common share of the Company and one-half of one
common share purchase warrant. Each whole warrant is convertible into one common share at
a price of $0.36 per share and is exercisable for a period of one year from the date of closing.
Shares issued pursuant to the private placement will be subject to a holder period expiring
March 1, 2015.

The Company has also received $46,500 from the exercise of warrants for total combined
proceeds of $155,920. The proceeds of the private placement will be used for general working
capital and to fund the BioCanna ADM kiosk project announced in a news release filed with
SEDAR on August 21, 2014.




Cannabis Sector and Corporate Update:

The North American Cannabis market continues to provide positive economic results as
supported by a recent report by ArcView Group Market Research, a San Francisco-based
Cannabis investment research firm. Arc View forecasts a 64% surge in the legal US cannabis
market to $2.34 billion, from initial estimates of $1.53 billion by year end 2014. Furthermore,
ArcView's research indicates that the five-year US national marijuana market could grow to
$10.2 billion

Anexco's wholly owned subsidiary, Kaneh Bosm BioTechnology, has made significant progress
with its business development objectives during the halt trade period. Three business units
have been developed as a means to create multiple pathways for revenue generation. An
update on the progress of those business units follows:
 BioCanna ADM:

"Interest in our BioCanna ADM to date has been very favourable," states President Michael
Martinz, "In conjunction with state or regional distributors Kaneh Bosm seeks to lease the kiosk
units to retailers for around $1500 per month, plus software licensing and servicing fees.
Hypothetically, with 1000 kiosks in service, our gross monthly revenues would exceed $1.5 mil."
Furthermore, the value proposition to retailers is strong the as potential revenue metrics are
very solid. If a kiosk sells just one pound of Cannabis per day, that will generate about $1.6
million a year in sales at $10 per gram."

The BioCanna ADM retail system is European based, designed and manufactured. Presently, the
manufacturer has more than 2000 kiosks operating across Europe in the retail pharmaceutical
dispensing marketplace. They are proven to be reliable and profitable.

Kaneh Bosm expects delivery of the first prototype units for demonstration and field testing in
the middle of November.

Parties interested in exploring distribution opportunities should contact Kaneh Bosm at 604 782-
4191.


Kaneh Bosm � Penticton Indian Band Joint Venture:

On September 23, 2014 Kaneh Bosm announced that it signed a Letter of Intent (LOI) with the
Penticton Indian Band (PIB) in British Columbia, Canada, for the development of a Joint Venture
(JV) partnership to pursue a Licenced Producer (LP) designation under Health Canada's Medical
Marijuana Production Regulations (MMPR). Kaneh Bosm and PIB via the JV plan a 3-phase
approach to this production facility:

            1. Construction of a 12,000 sq. ft. indoor medical Cannabis facility;
            2. Construction of the first phase greenhouse, comprising 1 vegetative and 2
               flowering bays totalling 48,000 sq. ft.; and
            3. Completion of the greenhouse with 2 more flowering bays totalling 100,000 sq.
               ft. of production space in a state-of-the-art greenhouse.

Community support for this proposed project amongst Penticton Indian Band members has
been overwhelmingly positive, according to Elaine Alec, Kaneh Bosm's First Nations Liaison.
Band members are very supportive of the social, economic, and medical benefits this project
may provide. The next milestone for this project is a band member referendum whether to
formally accept or reject the terms of the LOI.

"The joint venture agreement will be structured according to the financial and equity
contributions of both parties. PIB will contribute a 23 acre parcel to the joint venture," stated
Martinz, "There is already a large water reservoir on the site containing local ground water,
which is nearly perfect in terms of ph and mineral content. There is also 3 phase power about
200 meters from the site, and we're going to ask PIB to bring power to the production facility as
part of their contribution."
 "Once the completed 100,000 square foot greenhouse facility is in production, we anticipate
generating approximately seven tons of cannabis per year from four crops," stated Martinz,
"Our cost of production should be right around $1 a gram, which is very low, primarily due to
the reduction in power consumption utilizing the sun's photosynthetic power

Kaneh Bosm EPC
Management continues to explore opportunities within the Cannabis production facility
construction sector.


The Company has scheduled a change of its name to Kaneh Bosm BioTechnology Inc. on
November 4, 2014. A further news release will be issued at that time.


"Michael Martinz"

Michael Martinz
President, Director


"Rudy de Jonge"

Rudy de Jonge
CEO, Director


THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY
OF THIS RELEASE.

This news release includes certain statements that may be deemed "forward -looking statements". The use of any of
the words "anticipate", "continue", "estimate", "expect", "may", "will", "would", "project", "should", "believe" and
similar expressions are intended to identify forward-looking statements. Although the Company believes that the
expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because the Company can give no assurance that they will
prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual
results could differ materially from those currently anticipated due to a number of factors and risks including variou
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risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on
www.sedar.com.