Queen Alexandra Gold Mine: Initial Results Confirm Conductive Zone

TORONTO -- (Marketwire) -- 09/25/08 -- Cannon Exploration Inc. (PINKSHEETS: CNEX) announces that the initial reconnaissance program undertaken on the Queen Alexandra Gold Mine, located outside of Dryden in Northern Ontario, Canada, has been completed.

A limited ground geophysical survey conducted by Major Management Exploration Services (MMES) indicated a conductive zone in the immediate shaft area located on the property.

The survey also reconciles with and supports the known historical information that mineralization is present in that area, and trends along the same zone where the one shaft and exploration pit, as well as several trenches, exist.

Cannon will now move to the next stage of exploration by establishing a complete grid of the property with a control baseline, and conduct additional ground geophysics, east and west of the shaft. This next phase will also include the collecting of rock samples along the geophysical conductor axis, and thorough investigation of the old shaft area and rock structure.

Cannon Exploration will commence with this next phase of exploration on or about October 01, 2008.

About Cannon:

Cannon Exploration is positioning itself to emerge as a quality mineral resource Exploration Company in the North American mining industry, focusing primarily on properties located in preferred mining districts in Canada.

Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.