Canamex Resources Corp.
TSX VENTURE : CSQ
FRANKFURT : CX6

Canamex Resources Corp.

July 07, 2011 13:06 ET

Canamex Announces Change of Directors and Stock Option Grant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2011) - Canamex Resources Corp. (TSX VENTURE:CSQ)(FRANKFURT:CX6) is pleased to announce the appointment of W. Pierce Carson and Robert Kramer to the Board of Directors. Mr. Basil Pantages has stepped down as a director, and the Company wishes to thank him for his services provided. The Company welcome's the expertise that will be provided to the Board by each of Messrs. Carson and Kramer.

Dr. Carson, Ph.D. Geology, has over 35 years of international mining experience, and has managed the discovery, financing, development and operation of precious metals, base metals and industrial mineral properties in the U.S., Australia and other countries. He has been President and CEO of Santa Fe Gold Corporation since 2003. From 1981 to 2000, Dr. Carson worked for Nord Pacific Limited and Nord Resources Corporation in senior management capacities, including President and CEO. Prior to 1981, he managed exploration programs for Exxon Minerals Company and Kennecott Copper Company. Dr. Carson holds a Bachelors Degree in Geology from Princeton University, and M.S. and Ph.D. Degrees in Economic Geology from Stanford University.

An accounting professional with over 35 years of business experience, Mr. Kramer, CA, CPA, has served in senior executive, director and non-executive director positions with public natural resource and technology companies trading on exchanges in both Canada and the United States. Most recently, Mr. Kramer was Chair of the Audit Committee of Silver Bull Resources Inc. (formerly Metalline Mining Company/NYSE AMEX and TSX) and was co-lead director on structuring a merger with a Vancouver-based entrepreneurial and mineral exploration group that resulted in an increase in Metalline's market capitalization from $20 million pre-merger a year and a half ago to approximately $80 million today. He holds a degree in economics from the University of California at Berkeley, and is a member of the Canadian Institute of Chartered Accountants, a Registered Certified Public Accountant in the State of Illinois, and a Fellow of The Institute of Chartered Secretaries and Administrators.

"I believe Canamex has significant potential, and am excited to be involved," states Kramer. "The Bruner property is well located in Nevada, and with its historic gold resource which will be the focus of drilling this year, should provide the Company with a solid foundation. The Guyana property is located in an area with active alluvial gold mining, and appears to be highly prospective. I believe we are well positioned to achieve our objective of substantially increasing shareholder value."

For clarification, the following now comprise the officers and directors of the Company:

Greg Hahn - President and CEO
Richard Barnett - Secretary and CFO
Herb Duerr – Director
Mike Stark – Director
Mark Billings – Director
Robert Kramer – Director
W. Pierce Carson - Director

The Company also announces the grant, pursuant to the Company's 10% Rolling Stock Option Plan which was approved by shareholders on September 9, 2010 and accepted for filing by the TSX Venture Exchange on October 1, 2010, of options to certain eligible participants for the purchase an aggregate of 525,000 common shares, exercisable in whole or in part on or before July 6, 2016, at a price of $0.22 per share.

ON BEHALF OF THE BOARD

Greg Hahn, President and CEO

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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