Canaco Resources Inc.
NEX BOARD : CAN.H

Canaco Resources Inc.

May 26, 2005 17:05 ET

Canaco Resources Graduates to Tier 2; Symbol Change

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 26, 2005) - Effective as of the date of this bulletin, Canaco Resources Inc. (NEX:CAN.H) has met the requirements to be listed as a TSX Venture Exchange Tier 2 company. As a result, the company's tier classification has changed from NEX to Tier 2 and the filing and service office has changed from NEX to Vancouver. In addition, effective at market open on May 27, 2005, the company's listing will transfer from the NEX to the TSX Venture Exchange.

In conjunction with the company's transfer from the NEX to the TSX Venture Exchange, effective at market open on May 27, 2005, the trading symbol for the company will change from CAN.H to CAN. The company is classified as a "mineral exploration and development" company.

The Company relies on litigation protection for "forward-looking"
statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

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