Canex Metals - NOMNF STOCK NEWS

CANEX Metals Inc. (CANEX) completes the purchase of the Excelsior Mine Property, acquiring a 100% interest in the property and providing a summary of the 2023 Exploration at the Gold Range Project in Arizona. The purchase involved issuing 8,694,170 CANEX shares and a cash payment of US$120,000, with the Vendors retaining a 1.5% net smelter royalty. The Excelsior Mine Property includes 2 patented mining claims and 11 lode mining claims, along with significant surface infrastructure. The 2023 Exploration involved collecting 387 soil and 95 rock samples, staking 17 new mining claims, and drilling 24 reverse circulation holes for 3150.9 meters. The drilling identified new gold mineralization zones and extended the known strike length of the main mineralized trend to 4 kilometers. The Company's President, Dr. Shane Ebert, emphasized the elimination of potential expenditures and payments, positioning CANEX to advance the Gold Range Project with low-cost exploration efforts in the future.

CANEX Metals Inc. announces amendment to Excelsior Mine Property option agreement

CANEX Metals Inc. has successfully closed a C$600,000 private placement to enhance its Gold Range Project in Arizona. The financing attracted strong investor support, with insider ownership increasing to 21.1%. Notably, lead investor Michael Gentile now holds 10.9% of CANEX. The funds will allow the company to expand its drilling program from 15 to 30 holes, targeting key areas such as the WestGold and Shaft Targets. As of now, seven holes have been drilled, with assay results pending. This initiative aims to increase potential mineralization in this underexplored region.

CANEX Metals Inc. has announced an increase in its non-brokered private placement due to strong shareholder demand, now offering up to 10,000,000 shares at $0.06 per share, aiming for gross proceeds of $600,000. The offering will be available to accredited investors and is subject to a four-month hold period and regulatory approval. Funds from this financing will support drilling and exploration at the Gold Range Property and provide general working capital. The Company notes this placement falls within the MI 61-101 exemption guidelines as it does not exceed 25% of its market capitalization.

CANEX Metals Inc. has announced a non-brokered private placement to raise up to $500,000 by offering 8,333,333 shares at $0.06 each. The shares will be available to accredited investors and will have a hold period of four months plus one day post-closing. Proceeds will be utilized for drilling and exploring the Gold Range Property and general working capital. The Gold Range project, located in Northern Arizona, is a promising oxide-gold target with notable drilling results including 1 g/t gold over 59.5 metres. The financing is pending regulatory approval.