Canada One Mining Corp (COMCF)

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Anglo Canadian Mining White River-Dawson News

Preliminary exploration efforts on the Armenius Property in the White River-Dawson District
have identified the potential for precious metal (gold and silver)
mineralization.

Len Harris, President and CEO noted that "The property is immediately
adjacent to a placer operation in Eureka Creek that has been profitably
mined for more than a decade. Although the source of the gold from that
operation is yet to be traced, it is known to occur within altered
sequences that are thought to extend into the property area."

The Yukon Geological Survey has indicated the gold at Eureka Creek has
come from the Armenius property. Historic staking was prompted by
discovery of a quartz ledge or vein of considerable length and width. A
twelve meter shaft was also sunk on the vein that demonstrated gold
occurrences.

Preliminary mapping on the property has identified a large quartz
breccia with localized quartz carbonate veining and limonitic staining.
Geophysical work has also identified three significant magnetic
anomalies. Harris added "Both of these features are conducive to
epithermal gold deposits and now require further investigation. Our
plan is to conduct a soil and trenching program this summer that will
hopefully serve to identify specific anomalous zones and drill
targets." Maps outlining the Armenius property are available on the
Company website under Yukon Gold Projects.

Access to the area is excellent. High quality placer roads extend to
the property area and the property is also traversed by an extensive
network of trails system that will be used to facilitate exploration
efforts.