Cannon Exploration Inc. (fka CNEX)

[XXXstocks]

From the shareholder letter ...

"Cannon intends to further develop its Queen Alexandra gold mining project. The Queen Alexandra Property is located just outside of the town of Dryden, in Northern Ontario, Canada. The property has historical gold values, and a recent survey reconciled and supported the known historical information that mineralization is present in that area, and trends along the same zone where several trenches and the Queen Alexandra shaft and exploration pit exist. We believe that the Queen Alexandra project has tremendous potential and intend to significantly further its development."