CORRECTION FROM SOURCE: Anexco Resources Signs Letter of Intent to Develop Automated Medical Marijuana Retail Kiosks and New ...

Anexco Resources Ltd. (CSE:AXO) ("Anexco" or the "Company") - 

This press release corrects and replaces the version disseminated July 2, 2014
at 8:00 AM ET. Paragraphs 8 and 9 have been amended. The corrected press release
follows:


NOT FOR DISSEMINATION IN THE UNITED STATES

Anexco is pleased to announce that it has signed an arms-length non-binding
letter of intent ("LOI") with Alps Innovations Group ("Alps") to exclusively
develop, market, and distribute a line of intelligent, automated medical
marijuana retail kiosks for the North and South American markets. 


Under the terms of this LOI Anexco will collaborate with Alps to customize these
automated intelligent retail kiosks to deliver medical Cannabis products and
accessories to clients and patients. The kiosks could be considered a hybrid
between a bank ATM and a product vending machine, similar to a Best Buy airport
sales kiosk. As such, numerous features ensure the security of the product and
the machine. 


The kiosks feature sophisticated inventory management systems including robotics
and RFID chip reader capabilities, and will be capable of unique biometric
identification of each customer. The kiosks will be networked to an enterprise
server which monitors and records parameters including inventory levels,
purchases tracked by each customer, kiosk functionality and health. Furthermore,
the inventory area of the kiosks will be climate controlled to ensure product
freshness. The kiosks can dispense any number of branded medical marijuana
products including accessories such as vaporizers, pipes, or rolling papers.


Under the terms of this agreement, Anexco will have exclusive marketing and
distribution rights within North and South America for these kiosks within the
Cannabis market. Included within the agreement are additional provisions to
develop similar retail kiosks for standard pharmaceutical products should a
market demand develop. Anexco will be responsible for all costs related to the
customization of the kiosks and will tender 300,000 shares to Alps upon signing
the final agreement, and an additional 200,000 shares upon the delivery of the
first 25 units. The terms of the agreement are presently set to renew every 5
years based on performance of sales and growth targets. 


A number of key terms are still to be negotiated. The parties will work towards
completing a definitive agreement by August 3, 2014. 


"We feel that these automated retail kiosks will enable traditional
pharmaceutical retailers to enter the medical marijuana market without the
inconvenience of product handling or building secure storage within their retail
outlets," commented Michael Martinz, President of Anexco Resources. Furthermore,
smaller single purpose dispensing pharmacies may be able to legally dispense
medical marijuana using such a kiosk as it meets with the security requirements
to store the product. Medical marijuana products will be delivered in bulk to
the kiosks and the internal robotics and RFID capabilities will automatically
restock the inventory. This technology will revolutionize medical marijuana
retail. 


Distribution partnerships will be explored in a variety of territories across
North and South America to proliferate this technology into the marketplace.
Interested parties should contact Anexco Resources Ltd. at 604 782 4191.


In further news, Anexco has abandoned the previously announced "BC Chronic"
brand name as the board deemed it too colloquial, and not in unison with its
greater corporate vision. Anexco's subsidiary has changed its name from "BC
Chronic Inc." to "Kaneh Bosm BioTechnology Inc."


'Kaneh Bosm' is a Hebrew term for Cannabis as identified in the Old Testament,
mentioned in several recipes for holy anointing oils used in healing and
spiritual practices. This ancient reference empirically and strongly supports
the importance of Cannabis in human history. Thus, its growing relevance today
is backed by scientifically proven medicinal and spiritual values and properties
should be no surprise. Carl Ruck, professor of classical mythology at Boston
University, referring to the existence of cannabis in anointing oils used in
ceremonies said, "There can be little doubt about a role for cannabis in Judaic
religion. Obviously the easy availability and long-established tradition of
cannabis in early Judaism would inevitably have included it in the (Christian)
mixtures." 


Further unequivocal evidence is offered from a stalwart in the financial sector,
The Economist: "If Cannabis were unknown, its discovery would no doubt be hailed
as a medical breakthrough. Scientists would praise its potential for treating
everything from pain to cancer, and marvel at its rich pharmacopoeia-many of
whose chemicals mimic vital molecules in the human body. In reality, cannabis
has been with humanity for thousands of years." Medical Marijuana - Reefer
Madness, April 27, 2006. Anexco strongly supports the use of Cannabis, ending
its prohibition, and is working diligently in the pursuit of multiple
opportunities which will maximize shareholder value. 


The President of the Company, Mr. Michael Martinz, reports, "I am encouraged by
the selection of our new corporate identity. It provides a clear and undeniable
connection between the importance of the Cannabis plant in the history and to
the future of humanity. We are pursuing multiple opportunities within the
marijuana sector which will clearly differentiate Kaneh Bosm BioTechnology from
every other company in this sector, and provide maximum return for shareholders.
These are exciting times." 


The Board of Directors of the Company believes that it has secured the team, and
signed LOIs on technologies and an initial production facility that provides an
opportunity to quickly enter this fast and growing industry. Anexco has
identified opportunities throughout North and South America and is poised to
capitalize on these opportunities in the near future.


On behalf of the Board of Directors of Anexco Resources Ltd.

Michael Martinz, President, Director

Rudy de Jonge, CEO, Director 

THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR
ADEQUACY OF THIS RELEASE.


This news release includes certain statements that may be deemed
"forward-looking statements". The use of any of the words "anticipate",
"continue", "estimate", "expect", "may", "will", "would", "project", "should",
"believe" and similar expressions are intended to identify forward-looking
statements. Although the Company believes that the expectations and assumptions
on which the forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because the Company can
give no assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties. These statements speak only as of the
date of this News Release. Actual results could differ materially from those
currently anticipated due to a number of factors and risks including various
risk factors discussed in the Company's disclosure documents which can be found
under the Company's profile on www.sedar.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anexco Resources Ltd.
604.782.4191
604.637.9614 (FAX)