Cantex acquires uranium license

KELOWNA, BC, Feb. 28 /CNW/ - Cantex Mine Development Corp (CD - TSX Venture Exchange) ("Cantex" or the "Company").

The Company is pleased to report that it has acquired a new prospecting permit in Yemen containing numerous indications of uranium. The new permit covers 3,876 km2 (1,514 square miles) in the Naqub West region, 195 km south southeast of the capital, Sana'a. The area is well accessed by paved road.

The area was covered by an airborne radiometric survey flown by Geosurvey in 1985. This survey found a total of 133 uranium anomalies within the permit area. A uranium anomaly was defined as being greater than 6 standard deviations above the background. Many of these anomalies have coincident thorium and/or potassium anomalies.

Cantex geologists will follow up the airborne anomalies.

The Company is most encouraged to have acquired this prospecting permit. Many of the uranium anomalies favorably occur within granitic and sandstone rocks.

This press release has been prepared by Dr. Charles Fipke, a Qualified Person.

Signed,

"Chad Ulansky"

Chad Ulansky

President and Geologist

The TSX Venture Exchange does not accept responsibility for the adequacy

or accuracy of this release.

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