Canamex Resources Corp.

Canamex Resources Corp.

August 15, 2013 08:30 ET

Canamex Adds to Its Land Position at the Bruner Gold Project, Nye County, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 15, 2013) - Canamex Resources Corp. (TSX VENTURE:CSQ)(OTCQX:CNMXF)(FRANKFURT:CX6) is pleased to announce that it has staked a total of 90 additional unpatented lode mining claims to add to its land position at the Bruner gold project located in Nye County, Nevada. Sixty new claims were staked to cover the mineral rights over an attractive potential heap leach pad, pond and processing plant area on the west side of the property. The west side of the property faces the southwestern winter sun, is lower in elevation than the east side of the property by more than 500 vertical feet, and is closer to the NV Energy power transformer and take-off point for a distribution line located in Gabbs, Nevada. This location is ideal for all- weather heap leaching activities and construction of the shortest possible power distribution line to the property.

In addition, 30 new unpatented lode mining claims were staked to cover open fractions that were identified by a detailed land status survey completed earlier in the year. These new claims covering open fractions secure the Company's mineral tenure over the gold deposits that are currently being explored by RC and diamond drilling.

The Bureau of Land Management claim maintenance fees have been paid for the 2013-2014 claim holding period on all of the unpatented lode mining claims on the property, including the newly staked claims. The Company's current land position at Bruner now covers approximately 6 square miles (roughly 15 square kilometers).

Canamex has completed new topographic mapping and aerial mapping of the property, including the newly acquired claims covering the potential heap leach and processing area, with topographic accuracy to 2-ft. contour intervals to allow for both detailed geologic mapping and preliminary site planning and engineering design.

"We are pleased to be moving the Bruner project forward towards establishing a maiden NI 43-101 mineral resource and formulating preliminary concepts regarding site layout for a preliminary economic assessment sometime in 2014," said President & COO Greg Hahn.

Greg Hahn, President & COO and a Certified Professional Geologist (#7122) is the Qualified Person under NI 43-101 responsible for preparing and reviewing the scientific and technical information contained in this press release.


Robert Kramer, Chairman and CEO

Forward-Looking Statements:

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements with respect to establishing a NI 43-101 mineral resource and completion of a preliminary economic assessment on the Bruner property in 2014, the potential mineralization and geological merits of the Bruner property and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's planned 2013 drilling program(s) on the Bruner property, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the Bruner property are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2013 exploration programs will proceed as planned and within budget. Canamex expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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