CANEX Metals Inc. announced it has substantially increased its land holdings at the Gold Range Property, Arizona, to cover new exploration targets identified from recent airborne magnetic surveying. A total of 73 additional lode mining claims have been staked nearly doubling the size of the property from 552 hectares to 1,043 hectares. Exploration Update: In December detailed sampling was conducted at the Pit Zone and at several other targets on the Gold Range property. Over 100 rock samples and over 400 soil samples were collected and submitted for assay, with results pending. These will be released once they are received and evaluated. Near-term plans for additional field work at Gold Range will be finalized once assays have been received and targets from airborne magnetics have been prioritized. The Company has filed an appended exploration permit application with the Bureau of Land Management to allow for an expanded trenching and drilling program to include several new targets recently identified on the property. Once the amended permit has been received a second trenching program is anticipated.