Cannon Exploration CNEX to Re-Start Canadian Gold Exploration

   Cannon Exploration (PINKSHEETS: CNEX) announced yesterday that it will begin operations on its Queen Alexandra property in Ontario, Canada.

The Queen Alexandra mine has produced gold since the early 20th century, yielding 18 tons of ore graded at 16.6 ounces of gold. Cannon intends to work not only these mines, but actively acquire other early stage development stage mineral exploration companies to form high yielding joint ventures.

Ontario has been the lead producing area for gold in Canada, yielding nearly 55% of the country's total output in 2009 which was almost $1.9 billion.

With gold still near all time highs of over $1,000 an ounce, Cannon is perfectly positioned to benefit the gold market's need for more producing properties.

For more information, please visit www.smallcapsociety.com/cnex.php.

Other active stocks are Yamana Gold Inc. (NYSE: AUY), IAMGOLD Corp. (NYSE: IAG) and Dana Resources (OTCBB: DANR).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.

Contact: Eric Jensen www.ionewswire.com 516.942.4910