Closing of Private Placement Extended

Cantex Mine Development Corp.

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

Kelowna, Canada – December 1, 2016 – Cantex Mine Development Corp. (CD: TSXV) (the “Company”). Further to its news releases of October 18, 2016 and November 23, 2016, the Company announces that the deadline for closing the remainder of its previously disclosed private placement has been extended to December 31, 2016.

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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