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Cantex Mine Development Announces Change of Location of Annual General Meeting

Shareholder Meetings

Cantex Mine Development Announces Change

of Location of Annual General Meeting

KELOWNA, BC

,

Feb. 19, 2021

/CNW/ -

Cantex Mine Development Corp.

(TSXV: CD) (the

"Company") announces that, due to the latest COVID-19 public health restrictions in

British

Columbia

, the Company's annual meeting of the Shareholders (the "AGM") will be held virtually via

the internet on the Zoom platform.

The AGM will be held on

Friday, February 26, 2021

,

at

1:00 p.m. (Pacific Time)

, and will be held

in camera on the Zoom platform.

At the AGM votes will be recorded from all Proxy votes submitted

prior

to the AGM. There will not

be any voting on resolutions at the AGM. Shareholders are referred to the Notice of Annual Meeting

of Shareholders and the Management Proxy Circular posted on the Company's website at

https://cantex.ca

and posted on SEDAR at

www.sedar.com

for consideration before submitting their

votes by Proxy.

Shareholders should submit their votes by Proxy

before

the

Proxy deadline of

1:00 p.m. (Pacific

Time) on Wednesday

, February 24

th

, 2021

. Shareholders who choose to attend the meeting

online will

not

be able to vote at the AGM via Zoom. All other matters of the AGM remain the same

as published in the AGM proxy materials mailed to the shareholders, posted on the Company's

website at

https://cantex.ca

and posted at

www.sedar.com

.

Shareholders wishing to attend the AGM must do so on the internet via the Zoom platform at

https://zoom.us/meetings/ join

a meeting/Meeting ID. The Zoom Meeting ID number will be posted

on the Company's website prior to the AGM. All shareholders attending, who wish to have their

attendance at the AGM recorded, must show their video presence and show photographic proof of

identification to the Scrutineer on camera at the AGM. Voting Shares of shareholders attending the

AGM will be included in the AGM Report on Attendance, but will not be voted at the meeting. The

AGM will be recorded.

For assistance with how to join a Zoom meeting please watch and review the YouTube video at:

https://www.youtube.com/watch?v=9isp3qPeQ0E

.

Signed,

/s/

Jennifer Irons

Jennifer Irons

Chief Financial Officer

FORWARD LOOKING STATEMENTS: Certain of the statements and information in this news

release constitute "forward-looking statements" or "forward-looking information", including

statements regarding the expected use of proceeds of the private placement. Further, any

statements or information that express or involve discussions with respect to predictions,

expectations, beliefs, plans, projections, objectives, assumptions or future events or performance

(often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans",

"estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or

stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken,

occur or be achieved, or the negative of any of these terms and similar expressions) are not

statements of historical fact and may be forward-looking statements or information. The

Company's forward-looking statements and information are based on the assumptions, beliefs,

expectations and opinions of management as of the date of this press release, and other than as

required by applicable securities laws, the Company does not assume any obligation to update

forward-looking statements and information if circumstances or management's assumptions,

beliefs, expectations or opinions should change, or changes in any other events affecting such

statements or information. For the reasons set forth above, investors should not place undue

reliance on forward-looking statements and information.

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.

SOURCE

Cantex Mine Development Corp.

View original content:

http://www.newswire.ca/en/releases/archive/February2021/19/c0900.html

%SEDAR: 00010333E

For further information:

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

[email protected]

CO: Cantex Mine Development Corp.

CNW 17:00e 19-FEB-21