Cannon Exploration Inc. (fka CNEX)

[TRAPPER JIM]

Just got home from work.And to answer your question they should be giving us a PR on their GEO REPORT that was supposed to be on the company website and hasnt been put on yet.
Jun 10, 2010 08:30 ET
Cannon Exploration Announces Completion of Geological Survey; Starts Next Phase

PHOENIX, AZ--(Marketwire - June 10, 2010) - Cannon Exploration (PINKSHEETS: CNEX) announces that the geological exploration program that commenced in late May on the company's Queen Alexandra property, has been completed.

The program consisted of a consulting geologist conducting exploration work on the property by locating, prospecting, and mapping, geologically, the showings along the conductive zone, as interpreted through the reconnaissance geophysics established by the company on previous visits to the property.

Cannon will continue with the exploration of the property in late July 2010, by conducting an Induced Polarization (IP) survey over a much larger area than the previous surveys. The summer program will also include a much larger rock and soil sampling program, as well as some additional line cutting to increase the size of the grid.

Information from the completed geological report will be available on Cannon's website, once the company has received it.

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:
The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.

Contact:
Investor Relations
1-866-365-4724
Website: http://www.cannon-exploration.com
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