Cantex provides corporate update



    KELOWNA, BC, Feb. 2 /CNW/ - Cantex Mine Development Corp. (CD : TSX-V) is
pleased to report the Board of Directors has appointed Charles Fipke as
Chairman of Board, Chad Ulansky as President and Chief Executive Officer,
Keiven Bauer as Chief Operating Officer and Chris Sammartino as Chief
Financial Officer and Secretary.
    The Board of Directors also approved an aggregate of 7,800,000 options to
be granted to directors and officers. Each of these options allows the holder
to purchase one common share in the Company at a price of $0.10 valid until
January 28, 2019. As a condition of these new grants an aggregate of 6,000,000
options, with an exercise price of $0.10, currently outstanding to certain
directors and officers are to be cancelled.

    
    Signed,

    Chad Ulansky

    Chad Ulansky
    President and CEO

    The TSX Venture Exchange does not accept 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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Cantex Mine Development Corp.

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