Private Placement Increased

Cantex Mine Development Corp.

Cantex Mine Development Corp. 203 – 1634 Harvey Ave. Kelowna, BC V1Y 6G2 250.860.8582 www.cantex.ca [email protected] PRIVATE PLACEMENT INCREASED

Kelowna, Canada – December 2, 2016 – Cantex Mine Development Corp. (CD: TSXV) (the “Company”). Further to its news release of October 18, 2016, Company p a o anno n a o a n , it has elected to increase the amount of its previously announced private placement to $1,150,000. All other terms remain the same.

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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