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CNEX - News! There's GOLD in them thar hills! Literally!

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Cannon Exploration Releases Assays From 'Queen Alexandra' Gold Property

PHOENIX, AZ -- (Marketwire)
04/14/10
Cannon Exploration (PINKSHEETS: CNEX) is pleased to release selected values from the company's recently completed rock sampling program carried out on the Queen Alexandra property, located in the Kenora district of Northern Ontario.

Sample results varied and included values that returned 1.34 Au g/t (#709256), 4.66 Au g/t (#709255) and 14.47 Au g/t (#709258).

"We are making good progress with the Queen Alexandra, and are encouraged with the results achieved up to this point. The sampling confirmed what we thought, that there is gold on the property, so now we have to continue to define the property in terms of its geology and the prospective mineralized zones, by doing more work. We'll look to do more geophysics, possibly some IP surveying of the property, and that will allow us to get a better look at the entire ground from surface and with some depth. After the geophysics, more sampling can be done on a larger scale," stated Edwin Solano, President of Cannon.

Cannon has also begun the process of interviewing candidates to act as the "Qualified Person" (QP), under National Instrument 43 101 (NI 43 101), to assume the management of the next phase of exploration for the Queen Alexandra. The role of the QP will be to guide the next phase of exploration on the property. The QP will be responsible for the accuracy and reporting of all information and direction regarding the property.

The QP designation will ensure that the company and all information released will be compliant with the standards of exploration and development as set by the NI 43 101 program, the industry standard.

About Cannon:

Cannon Exploration is positioning itself to emerge as a quality mineral resource Exploration Company in the North American mining industry, focusing primarily on properties located in preferred mining districts in Canada.

Forward-Looking Statements: