Canmex Minerals Corporation
TSX VENTURE : CXM

November 29, 2006 12:33 ET

Canmex Announces Third Quarter 2006 Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 29, 2006) - Canmex Minerals Corporation ("Canmex" or "the Company") (TSX VENTURE:CXM) is pleased to announce the results of the third quarter ended September 30, 2006 in which it continued to evaluate international oil and gas opportunities.

As of September 30, 2006, the Company reports working capital of $6.8 million, including $3.5 million of cash and $3.3 million of short term deposits. A net loss of $20,217 is reported for the nine month period ended September 30, 2006.

The Company continues to work toward concluding definitive agreements governing its proposed acquisition of an 80% interest in licenses covering the highly prospective Nogal and Darin basins in the state of Puntland in northern Somalia.

The previously announced appointment of Ian Gibbs to the Company's Board of Director's will be subject to shareholder approval at the Company's next Annual General Meeting.

The unaudited financial statements, notes and MD&A will be available for viewing on SEDAR (www.sedar.com).

ON BEHALF OF THE BOARD

Richard Schmitt, President and CEO

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

Contact Information

  • Canmex Minerals Corporation
    Sophia Shane
    Corporate Development
    (604) 689-7842
    (604) 689-4250 (FAX)