CANEX Metals Inc. updated assay results from the first hole of the 2018 drill program at the Company's Gibson Project, located in central British Columbia. Results for hole G18-01 from Gibson were first released on December 10, 2018. Subsequent to that release new fire assay and 4-acid digestion induced coupled plasma analyses have been received for silver with two samples increasing in silver grade by 13%. In October 2018 CANEX drilled 10 shallow holes at Gibson testing a small portion of a soil anomaly measuring 850 metres long by up to 500 metres wide. Hole G18-01 successfully intersected multiple high-grade silver and gold veins within a larger envelope of stockwork mineralization. Gibson drill core has been photographed and logged with intervals selected for assay cut in half with a diamond saw. Half of the core is placed in numbered plastic bags and sent to Activation Laboratories Ltd. in Kamloops British Columbia for analysis (which is ISO/IEC 17025 accredited), while the other half is archived and stored on site for verification and reference purposes. Gold is assayed using a 30g fire assay method with an atomic absorption finish (code 1A2) and 37 additional elements are analyzed by Induced Coupled Plasma (ICP) utilizing an aqua regia digestion (code 1E3). Gold and silver values that exceed the upper assay limits of the 1A2 and 1E3 methods have been re-assayed using a fire assay and gravimetric method (code 1A3). Lead and zinc over limits are re-assayed using an ICP-OES procedure. All samples with elevated silver have been re-assayed for silver by the fire assay and gravimetric method. In addition, select silver bearing samples have been re-analyzed using a 4-acid (near total) digestion followed by ICP analyses. Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control.