CANEX Metals Inc. acquired a Lode Mining Claim located adjacent to the GoldWest, Arizona for $0.02 million.

CANEX Metals Inc. is a Canada-based junior exploration company. The Company is focused on identifying, acquiring, and developing North American exploration projects. Its projects include Gold Range Project and Gibson property. The Gold Range property is located in Mohave County Arizona. The property is approximately 1649 hectares in size consisting of approximately 261 lode mining claims located on federal land administered by the Bureau of Land Management. The Gibson property is approximately 1256 Hectares in size and located in central British Columbia, approximately 95 kilometers northwest of Fort St. James. The Company’s subsidiary, Canexco Inc., is engaged in the mineral exploration and development business in the United States.