Cantex Announces Grant of Stock Options

203-1634 Harvey Ave Kelowna, B.C. Canada V1Y 6G2 Tel 250.860.8582 Fax 250.860.1362 www.cantex.ca [email protected]

CANTEX ANNOUNCES GRANT OF STOCK OPTIONS

Kelowna, Canada – March 31, 2017 – Cantex Mine Development Corp. (CD: TSXV) (the “Company”) announces that it has granted 5,540,000 options to certain directors and officers of the Company. The options have an exercise price of $0.07 and a term of six (6) years, expiring March 31, 2023.

Signed,

Charles Fipke

Charles Fipke Chairman

For further information:

Cantex Mine Development Corp, Tel: +250-860-8582; Email: [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.

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