Canex Announces Results of Annual & Special Meeting

CANEX METALS INC.

SUITE 800, 808-4

TH

AVENUE S.W., CALGARY, ALBERTA, T2P 3E8

PH: 403.233.2636 FAX: 403.266.2606

NEWS RELEASE: 18-1 MARCH 23, 2018

Trading Symbol: TSX Venture- CANX

For Further Information Contact: Shane Ebert at 1.250.964.2699 or

Jean Pierre Jutras at 1.403.233.2636

Web: http://www.canexmetals.ca

CANEX ANNOUNCES RESULTS OF ANNUAL & SPECIAL MEETING

CANEX Metals Inc. (“Canex”) is pleased to report that at its Annual & Special Meeting, held on March

23, 2018, Shane Ebert, Jean-Pierre Jutras, Douglas Cageorge and Lesley Hayes were re-elected to

the Board of Directors.

Shareholders also approved fixing the number of directors at four, the appointment of BDO Canada

LLP as Auditors and ratified Canex’s stock option plan,

Canex is currently planning advance testing of its high grade Gibson gold-silver property in British

Columbia and will release further details on its drill plans once they are finalized.

“Shane Ebert”

Shane Ebert,

President/Director

Neither the 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.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as

“expects”, “projects”, “plans”, “anticipates” and similar expressions, are forward-looking information that represents management of Canex’s

internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the

economic performance of Canex. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve

known and unknown risks and uncertainties, which may cause Canex’s actual performance and financial results in future periods to differ

materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and

uncertainties include, among other things, those described in Canex’s filings with the Canadian securities authorities. Accordingly, holders

of Canex shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those

predicted. Canex disclaims any responsibility to update these forward-looking statements.