Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Suite 202 – 837 West Hastings Street Vancouver, BC V6C 3N6

Brades Announces New CFO and Restructure Plan

TSX VENTURE SYMBOL: BRA April 20, 2015

BRADES RESOURCE CORP. (TSXV; BRA; FRANKFURT; B04) ("Brades" or "the Company") is pleased to announce the appointment of Mark Gelmon, CA, as Chief Financial Officer of the Company. Mr. Gelmon, a member of the Institute of Chartered Accountants of BC, has provided his expertise to several TSX Venture Exchange listed companies in the capacity of director, chief financial officer and consultant.

The Company further announces the resignation of Cyrus Driver as a Director and Chief Financial Officer. The Company would like to thank Mr. Driver for his service.

Brades also announces that its Board of Directors has approved an up to three (3) for one (1) share consolidation of its common shares. The Board of Directors deems the consolidation to be necessary in order to attract capital to continue exploration of its properties including the Clearwater West joint venture with Fission Uranium. Currently, Brades has 46,932,769 shares issued and outstanding and accordingly, upon completion of the shares consolidation, the Company will have approximately 15,644,256 common shares issued and outstanding. Incidental to the share consolidation, the Company will be changing its name from Brades Resource Corp. to Canex Energy Corp.

Lastly, the Company announces that it did not proceed with the grant of 2.7 million stock options to directors, officers and consultants of the Company as previously announced on March 5, 2015.

About Brades Resource Corp.

Brades Resource Corp is a Canadian-based resource company focused on uranium in Saskatchewan's Athabasca Basin - the world's largest source of high-grade uranium and gold in British Columbia. The company has a joint venture with Fission 3.0 Corp. to explore Fission’s Clearwater West property at which Fission’s award-winning technical team will be the Operator. Brades also has a large, strategically located property at Lorne Lake and three newly acquired uranium properties in the Athabasca Basin along with a gold/copper project in British Columbia.

On behalf of the Board, Peter Wilson, CEO www.bradesresource.com

For information contact: Brian Biles, Director TEL: 604 687 7742 [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund the option earn-in on the Clearwater West property and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward- looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.