Cantex announces shares for debt



    KELOWNA, BC, May 25 /CNW/ - Cantex Mine Development Corp. (CD : TSX-V)
(the "Company") announces that, subject to regulatory approval, it has agreed
to settle indebtedness totaling $39,239 owing to Chad Ulansky, President and
CEO of the Company, with the issuance of 560,559 shares with a deemed value of
$0.07 per share. The indebtedness includes monies owing for geological and
other consulting services.

    
    On behalf of the Board of Directors

    Chris Sammartino

    Chris Sammartino
    Secretary and CFO

    Neither 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.
    

    %SEDAR: 00010333E




For further information:

For further information: Cantex Mine Development Corp., 203-1634 Harvey
Ave., Kelowna, BC, V1Y 6G2, Tel (250) 860-8582, Fax (250) 860-1362, Email
cantex@shaw.ca


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