Cantex intersects massive sulfides in Yemen

Suwar Nickel, Copper and Cobalt Project, Yemen

LOWNA, BC, Dec. 12 /CNW/ - Cantex Mine Development Corp (CD - TSX
Venture Exchange) ("Cantex" or the "Company").
The Company is pleased to report that core drilling carried out at its
100% owned Suwar nickel, copper and cobalt project in Yemen has intersected
7.44 meters of massive and disseminated sulfides, averaging about 48% sulfide,
in drill hole Y05-07. This is the best intersection of massive sulfides the
Company has obtained at Suwar to date.
Hole Y05-07 is located 700 meters north of Suwar Hill, where drilling  
has returned the previous best intersections. For comparative purposes the
five best intersections at Suwar Hill averaged 10.3 meters and contained an
average of 25% sulfide with an average grade of 1.31% Ni and 0.65% Cu. This
has an in ground value of US $202 per ton at current metal prices. The
sulfides in Y05-07 are visually similar to the sulfides seen at Suwar Hill
but are more abundant. Representative samples have been sent for assay and
analyses for nickel, copper, cobalt, gold and platinum group elements.
The commercial grade massive sulphide intersections of holes Y05-03 and
Y05-06, previously reported in the news release of August 26, 2005, are
situated in between Y05-07 and Suwar Hill, 300 and 625 meters respectively
north of Suwar Hill.
The Company is most encouraged by all of these results as they
demonstrate that swells of massive sulfide occur along the mineralized zone
defined by a 1.1 kilometer north-south trending UTEM geophysical anomaly open
to the south. These swells can rapidly add up to significant tonnages. Infill
drilling is planned to further delineate the swells along this 1.1 kilometer
zone.
Over the past 25 years there has been substantial international interest
and investment in Yemen's resource sector. Seven international petroleum
companies are currently in production and others are actively exploring. In
the mineral sector ZincOx Resources recently signed an exploitation contract
with the Government of Yemen to mine its Jabali zinc deposit.
The Minister of Energy and Minerals and the Governor of Amran have
consistently expressed support for Cantex and the Suwar project and recently
toured the Suwar project in a televised visit with Cantex directors Charles
Fipke and Katherine MacDonald.
The Company has found Yemen to be a stable and secure place in which to
work and invest its funds. During the 10 years that Cantex has been operating
in Yemen the Company and its staff have been treated courteously and with
friendliness by the local people and government officials. Other companies
operating there have reported similar experiences. The resource sector in
Yemen is currently booming with numerous projects in the mineral and petroleum
sectors and this is a reflection of the fact that there are not only
commercial opportunities to be found but also that it is a safe country in
which to work and invest.
Because of the trust and longstanding relationships Cantex has built up
in Yemen it is well placed to take advantage of existing and new opportunities
in the booming resource sector.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

Signed,

Chad Ulansky

Chad Ulansky
President and Geologist.
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