Dr. Charles Fipke reports

CANTEX ANNOUNCES STOCK OPTION GRANT

In accordance with its stock option plan, Cantex Mine Development Corp. has granted an aggregate of 2.1 million options to certain directors, officers and consultants of the company. The options are exercisable at a price of 50 cents per share and have a term of seven years, expiring April 26, 2031. The options also vest in their entirety at the end of five years, provided that if an optionee ceases to be a bona fide service provider prior to the vesting of the optionee's options, a pro rata portion of such optionee's options shall vest and the remainder shall be cancelled.

We seek Safe Harbor.