VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 10, 2012) – Canamex Resources Corp. (TSX VENTURE:CSQ)(OTCQX:CNMXF)(FRANKFURT:CX6) is pleased to announce that it has closed its private placement for gross proceeds of $2,933,820 (refer to News Releases dated July 27, July 30 and August 3, 2012). On August 9, 2012 the Company received acceptance from the TSX Venture Exchange (the “Exchange”) to close the private placement.

In accordance with the provisions of the Subscription Agreements, on August 10, 2012, the Company issued a total of 10,866,000 Units (the “Units”) at a price of $0.27 per Unit, each Unit consisting of one common share and one share purchase warrant, each warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of two years from the date of issuance at a price of $0.40 per share in the first year, and thereafter at a price of $0.50 in the second year (provided that in the event that the weighted average closing price of the Company’s shares on the Exchange equals or exceeds Cdn$0.75 during any 20 consecutive trading days commencing four (4) months after the date of issuance of the Warrants, then the Company may within 30 days of such an occurrence give notice in writing to the holders of the Warrants that the Warrants shall expire at 5:00 p.m. (Vancouver time) on the 20th business day following delivery of such notice unless exercised by the holders of the Warrants prior to such time).