CD.V · 2024-12-23 12:00:00

Cantex Receives Approval FOR Private Placement

Financings

CANTEX RECEIVES APPROVAL FOR

PRIVATE PLACEMENT

KELOWNA, BC

Dec. 23, 2024

/CNW/ -

Cantex Mine Development Corp.

(TSXV: CD) (OTCQB:

CTXDF) (the "Company") is pleased to announce that, further to its news release earlier today, it

has received approval from the TSX Venture Exchange for its

$600,000

non-brokered private

placement and issued 4,000,000 common flow through shares, which have been issued at

$0.15

per

share ("the Offering"). The securities issued in the Offering are subject to a four month hold period,

expiring on

April 24, 2025

Proceeds from the Offering will be used to fund qualified critical mineral exploration expenditures on

the Company's North Rackla project in the

Yukon

Signed,

Chad Ulansky

President and CEO

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.

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For further information:

For further information: Cantex Mine Development Corp, Tel: +250-860-

CO: Cantex Mine Development Corp.

CNW 18:29e 23-DEC-24