SOURCE: Cannon Exploration Inc.

April 19, 2010 12:03 ET

Cannon Provides Information on 'Queen Alexandra' From Ontario Geological Survey and Its Recommendations for Exploration in Kenora Mining District

PHOENIX, AZ--(Marketwire - April 19, 2010) -  Cannon Exploration (PINKSHEETS: CNEX) announced today that The Ontario Geological Survey (OGS), a division of the Ministry of Northern Development and Mines (MNDM), has released their recommendations for exploration for gold in Northern Ontario, which include Cannon Exploration's Queen Alexandra Gold Mine.

The OGS and MNDM published their recommendations for exploration in 2009 for Ontario. In the study, the OGS recommends exploration for gold in the Kenora district of Ontario as favorable because of the discovery of gold in the area, and the favorable geology of the area to host gold mineralization.

In their recommendations for the Kenora district, the survey makes note of the "Queen Alexandra Mine" and its location within the areas that would be "favorable to the emplacement of gold-bearing quartz veins," adding that the old mine has a history of gold showings, and has produced gold in the past.

The following excerpts have been selected from the OGS publications, which provide a source(s) of information on the geological setting and summaries of mineralization potential in the Kenora area.

Ontario Geological Survey (OGS) Geological Publications
"It is immediately evident that the majority of gold occurrences at Manitou Lakes occur northwest of the through-going Manitou Straits Fault. Undoubtedly this deformation opened up fractures that would have been favorable to emplacement of gold-bearing quartz veins. The Frenchman Island (1), Swede Boys (2), Haycock (3), Reliance (4), and Queen Alexandra (5) deposits all occur either in close proximity to, or within, felsic stocks. Gold-bearing quartz veins at Frenchman Island occupy fractures in a sub volcanic microgranodioritic plug. There are over 50 gold deposits at Upper Manitou Lake. It is apparent that stratigraphy plays an important role in the concentration of gold at Upper Manitou Lake. Gold deposits are situated near the contacts between the Blanchard Lake, Upper Manitou Lake, and Pincher Lake Volcanic Groups." These publication(s) can be viewed from the Geology Ontario website. The introduction of this gold summary compilation presents a method to download publications from the website http://www.geologyontario.mndm.gov.on.ca

The information contained within the report/survey confirms what the management of Cannon has felt about exploration in the Kenora area, and the Queen Alexandra property; the best place to explore for gold is where it has already been found.

About Cannon:
Cannon Exploration is positioning itself to emerge as a quality mineral resource Exploration Company in the North American mining industry, focusing primarily on properties located in preferred mining districts in Canada.

Forward-Looking Statements:
The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.

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