Cantex Announces Grant of Stock Options

Cantex Mine Development Corp. 203 – 1634 Harvey Ave. Kelowna, BC   V1Y 6G2 250.860.8582 www.cantex.ca

CANTEX ANNOUNCES GRANT OF STOCK OPTIONS

Kelowna,  Canada  –  June  13,  2019  –  Cantex  Mine  Development  Corp.  (CD:  TSXV)  (the  “Company”) announces that is has granted a total of 1,120,000 options to certain directors and officers of the Company as of June 4, 2019.  The options have an exercise price of $3.60 and a term of six years, expiring June 4, 2025. The shares issuable on exercise of these options are subject to a hold period expiring October 14, 2019.  Concurrent with this, 4,667 previously issued options have been cancelled; these options had an exercise price of $1.20.

Signed,

Chad Ulansky 

Chad Ulansky, President & CEO (250) 860‐8582 [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.

LEGAL_31370500.1