Canaf Group Inc.: Further Update on Progress of Due Diligence for New Stone Mining Acquisition

Canaf Group Inc. (TSX VENTURE:CAF) ("Canaf") announced today that minor,
advantageous re-negotiations are to take place between New Stone Mining and
Canaf Group.


After extensive due diligence investigations and discussions with the board of
New Stone Mining, the board of Canaf have identified an opportunity to
re-negotiate certain aspects of the agreement.


For various logistical reasons New Stone Mining are still in the process of
transporting the mining equipment and machinery from Kinshasa to Kisangani in
the Democratic Republic of the Congo. The original timescale originally stated
will therefore be delayed and operations will most probably be starting in
February 2008.


Canaf Group anticipates that details of the imminent re-negotiations will be
available within the next week to ten days. The board still views the proposed
acquisition of 51 percent of the shareholdings of New Stone Mining as a
potentially highly profitable opportunity and looks forward to securing a new
agreement between NSM and Canaf. If a new agreement is achieved, the acquisition
will still be subject to financing and regulatory approval.


David Way, President and CEO