Cantex Mine Development (CD: TSXV) (the “Company”) is pleased to report results from all eight core holes drilled in late 2016 testing an oxidized massive sulphide zone that has been traced for at least 1,900 metres with surface sampling. As quoted in the press release: “The high manganese values, up to 4.97%, associated with the …

“The high manganese values, up to 4.97%, associated with the massive sulphide mineralization is consistent with the mineralization being emplaced either as a fault-controlled polymetallic vein system or possibly as sulphide feeder zones related to vent mineralization along submarine faults,” commented consulting geologist Dr. Trygve Hoy. “Further work, including drilling along strike and to deeper levels into primary sulphide mineralization, will help to further evaluate and test these models, and to better define the extent of mineralization along the 1,900+ metre fault controlled oxidized massive sulphide zone.” Drilling along strike in areas of anomalous copper and silver may assist in discovering any feeder vents present where higher grades of mineralization would be anticipated.