Cancor raises $240,000 pursuant to a private placement

    Symbol: KCR-TSX

    MONTREAL, Dec. 28 /CNW Telbec/ - Cancor Mines is pleased to announce it
has completed a private placement of 960,000 flow-through shares at a price of
$0.25 per share which generated gross proceeds of $240,000. Cancor will use
the proceeds to incur Canadian exploration expenses on its properties in

    Cancor Mines Inc. is a Canadian mining company involved in the
exploration and development of properties with high potential for precious or
base metals in recognized mining camps.
    All Cancor Mines press releases are available on the company's website,

    Caution concerning forward-looking statements

    This press release contains certain "forward-looking statements",
including. but not limited to, the statement regarding exploration work and
the emphasis on looking for a certain type of deposit. Forward-looking
statements involve a number of risks and uncertainties. There can be no
assurance that such statements will prove to be accurate. Actual results and
future events could differ materially from those anticipated in such
statements. Risks and uncertainties that could cause results or future events
to differ materially from current expectations expressed or implied by the
forward-looking statements include, among other things, those set forth in
Cancor's 2007 Annual Information Form, a copy of which can be obtained on the
SEDAR website at

For further information:

For further information: please contact Mr. Khobzi, the company
president, in Montreal at (514) 849-3013

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