SOURCE: Cannon Explorations, Inc.

March 17, 2010 10:30 ET

Cannon Exploration Completes Latest Work Program on 'Queen Alexandra' Gold Property

PHOENIX, AZ--(Marketwire - March 17, 2010) - Cannon Exploration (PINKSHEETS: CNEX) is pleased to announce that the latest work program on the company's Queen Alexandra Gold Mine, located in the Kenora district of Northern Ontario, has been completed.

The program was successful and focused on the collection of new rock samples. The company has now completed the program that saw Cannon perform ground geophysics on and reconnaissance of the property. Mapping and sample collection completed the focus of this phase of the exploration program.

These samples will now be submitted to the lab for analysis and assaying of the rock samples for gold content.

Cannon will release results of the assays as soon as they are completed.

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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