Historic Resource Area*

RC Hole B-1412

Reverse circulation drill hole B-1412, drilled at the historic resource area* intersected 135 feet grading 0.06 oz/ton Au and 1.56 oz/ton Ag (41.2 metres grading 2.078 g/tonne Au and 53.56 g/tonne Ag) from 130-265 feet (39.6-80.8 metres) depth, including 20 feet grading 0.328 oz/ton Au and 5.95 oz/ton Ag (6.1 metres grading 11.24g/tonne Au and 203.975 g/tonne Ag) from 220-240 feet (67.0-73.2 metres). The intercept in hole B-1412 lies roughly 75 feet from the intercept reported previously from hole B-1404C (see Canamex press release dated May 19, 2014), and demonstrates continuity of a high-grade portion within the main mineralized zone of the historic resource area*. The intercept in B-1412 is markedly more silver-rich than previously completed drill holes in this portion of the historic resource area, and is indicative of potential gold-silver zoning within the deposit that remains to be quantified. The true widths of these intercepts cannot be determined at this time.

A plan view map will be posted to the web site that displays the location of all holes drilled to date at the historic resource area, and a cross section displaying the drill holes described in this release will also been posted. Mineralized intercepts in hole B-1412 are reported below:

RC Hole B-1413

Reverse circulation drill hole B-1413 was drilled above hole B-1412, and intersected the mineralized zone about 75 feet above the 220-240 feet intercept in hole B-1412. Hole B-1413 intersected two zones totaling 90 feet grading 0.015 oz/ton (27.4 metres grading 0.54 g/tonne) as reported below:

Together the two drill hole intercepts have tested the southern portion of the historic resource area*. On the section containing these two core holes the main mineralized zone is approximately 100 feet (30.5 metres) thick, 350 feet (106 metres) wide, lying approximately 60 feet (18.3 metres) below the surface. Drilling on four other sections, targeting two inclined holes per section, continues with the reverse circulation ("RC") drill to further define this portion of the historic resource area* and determine the strike length of this main mineralized zone.

Core Holes B-1408C

Core hole B-1408C intersected 70 feet grading 0.050 oz/ton Au (21.3 metres grading 1.698 g/tonne Au) from 47-117 feet (14.3-35.7 metres). B-1408C was drilled beneath historic drill hole BRU-094, which intersected 80 feet grading 0.038 oz/ton Au (24.4 metres at 1.31 gm/tonne Au) from 5 to 85 feet (1.5-24.4 metres). Together these two holes characterize the east mineralized zone which remains largely untested both along strike and down dip of the north-striking and steeply dipping mineralized structure. Additional drilling of this shallow mineralized zone is in the planning stages.

The results reported above corroborate our interpretation that there are high-grade zones within the historic resource area* that have not been identified or adequately tested by historic drilling. Continued drilling is needed to define these zones which are considerably higher in grade than the reported average grade of the historic resource area*. With ongoing drilling of this exciting mineralized zone we continue to advance our understanding of the host geology and the distribution of gold at Bruner, which should allow us to quantify the historic resource* under NI 43-101 standards for reporting purposes after sufficient drilling has been completed.

Drill hole samples are stored on site and are retrieved by ALS Minerals personnel or an independent contractor and transported in their custody to the ALS Minerals laboratory in Reno/Sparks, Nevada, where they were photographed, sawed, sampled, and analyzed by ALS Minerals laboratory for gold and silver. Duplicates, blanks, and standards were inserted at regular intervals for QA/QC purposes.

Greg Hahn, President and interim CEO and a Certified Professional Geologist (#7122) is the Qualified Person under NI43-101 responsible for preparing and reviewing the data contained in this press release.

*The historic resource area refers to an area on the Bruner property that was the subject of a historical resource estimate reported on the property not in compliance with NI 43-101 standards. A qualified person (within the meaning of NI 43-101) has not done sufficient work to classify the historical estimate as current mineral resource or mineral reserves, and the Company is not treating the historical estimate as current mineral resources or mineral reserves. The historical estimate is relevant solely for purposes of directing target areas for the Company's current exploration programs.

ON BEHALF OF THE BOARD

Greg Hahn, Interim CEO and President

Neither the 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.

Forward-Looking Statements:

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the planned 2014 drilling program on the Bruner property; the potential for establishing a NI 43-101 mineral resource estimate; the potential mineralization and geological merits of the Bruner property; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's planned 2014 drilling program(s) on the Bruner property, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the Bruner property are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2014 exploration programs will proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.