Mr. Chad Ulansky reports

CANTEX ANNOUNCES STOCK OPTION GRANT

In accordance with a 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 30 cents and have a term of seven years expiring Jan. 16, 2033. 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 their options, a pro rata portion of such optionee's options shall vest, and the rest shall be cancelled.

We seek Safe Harbor.