(1) CALGARY, AB / ACCESSWIRE / January 13, 2021 / CANEX Metals Inc. ("CANEX" or the "Company") is pleased to announce that, through its 100% owned Arizona subsidiary CANEXCO Inc., it has signed a binding letter of intent (the "LOI") to option the Excelsior Mine Property comprised of 11 lode mining claims and 2 patented mining claims covering 3 past producing historic gold mines. The Excelsior Mine Property sits within the boundaries of the Company's Gold Range Project in Arizona. Highlights The deal adds The Excelsior Mine contains a 20 to 50 metre wide zone of alteration and quartz veining surrounding a shallow dipping high grade quartz vein and shows excellent potential for near surface bulk tonnage and high grade vein mineralization.