S&P Capital IQ Initiates Coverage on Canamex Resources Corp in Standard & Poor’s Factual Stock Reports

S&P Capital IQ announced today that it has commenced Standard & Poor’s Factual Stock Report coverage on Canamex Resources Corp.

Canamex Resources Corp. (TSX-V: CSQ) (PINK SHEETS: CNMXF) (FSE:CX6), a resource exploration company, focuses on the discovery and development of mineral assets primarily in the Americas. The company is focused on two gold exploration projects: Aranka North Gold Project, Guyana, South America and Bruner Gold Project, Nevada, USA.

The Aranka North property consists of 98,057 acres in a highly prospective gold region on trend with major gold discoveries by Guyana Goldfields at Aurora, Sulphur Rose and Aranka and Sandspring Resources at Toroparu. There are active alluvial gold mining operations within Canamex's land package, and initial interpretive work on airborne magnetic and radiometric data has identified 15 large, discrete anomalies, all of which have dimensions of two to four kilometers long and one to three kilometers wide, within large shear zones which bear similarities to the shear zones that host some of the major multi-million ounce gold deposits in Guyana and adjacent to Suriname. CSQ has found anomalous gold with values ranging up to 647 ppb Au in the stream sediment samples and pan concentrates from the exploration project.

The Bruner project is located in central Nevada, about 45 miles northwest of the Round Mountain Mine. Historic production at Bruner includes approximately 100,000 ounces at an average grade of 0.56 ounces per ton. Drilling by Canamex Resources began in November 2011 and the first four holes were completed and samples sent to the analytical lab. The first two holes tested the strong quartz-adularia alteration and gold mineralization at the Paymaster mine area one kilometer north of the historic resource area. Both holes cut more than 200 feet of altered volcanic rocks and fine-grained quartz veins within the alteration zone, which are the target at the Paymaster hill.

The company has begun its 2012 drilling program for the Bruner project with an objective to provide sufficient information to enable CSQ to generate a NI 43-101 compliant report on the historic resources area, immediate extensions, and nearby vein deposits at Bruner. Canamex Resources owns a right and option to acquire up to a 75% interest in the Bruner gold-silver project that consists of 98 unpatented and 21 patented mining claims covering approximately 2,100 acres.

On December 15, 2011, Canamex issued a private placement of 22,700,000 Units at a price of $0.10 per Unit, for gross proceeds of $2,270,000. As a part of the private placement, Resource Capital Fund V L.P. purchased 10 million units and is now a 15% shareholder.

The company was formerly known as Canamex Silver Corp. and changed its name to Canamex Resources Corp. in October 2010. Canamex Resources Corp. was founded in 1987 and is headquartered in Vancouver, Canada.

Standard & Poor’s Factual Stock Report coverage on Canamex Resources Corp. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit http://www.canamex.us for additional information.

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Currently profiling over 500 issuers, Standard & Poor’s Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor’s Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.

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Canamex Gold (CE) (USOTC:CNMXF)
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