Cannon Exploration Inc. (fka CNEX)

[Talc Moan]

ATTENTION SHAREHOLDERS


Quartely just released on Pink Sheets.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=34813



Authorized Common 1,000,000,000

Authorized Preffered 400,000,000 <------------- I have no clue where this came from

O/S 980,155,941

Restricted Preffered 300,000,000 EDWINS
Restricted Common 60,000,000

I am reading the Filing over more as we speak.

More Dilution will be nesscesary in within the next 12 months to continue to fund operations.

I am half way through it.

Smitter SMTT