Canamex Financing Oversubscribed from $2,700,000 to $2,933,820

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Aug. 3, 2012) - Canamex Resources Corp. (TSX VENTURE:CSQ) (FRANKFURT:CX6) announces further to its July 30, 2012 News Release that its $2,700,000 unit financing is over-subscribed to $2,933,820, subject to acceptance from the TSX Venture Exchange (the "Exchange").

Accordingly, upon receipt of acceptance from the Exchange, the Company will issue 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).

A further News Release will be disseminated once acceptance has been received from the Exchange to either the original $2,700,000 or the over-subscribed financing, and the shares and warrants have been issued.


ON BEHALF OF THE BOARD

Robert Kramer
CFO and Director



The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact Information

Canamex Resources Corp.
Robert Kramer
(604) 718-2800 (ext 311)
(604) 718-2808 (FAX)
www.canamex.us

Renmark Financial Communications Inc.
Erica Lomonaco
(514) 939-3989 or (416) 644-2020
elomonaco@renmarkfinancial.com

Renmark Financial Communications Inc.
Barbara Komorowski
(514) 939-3989 or (416) 644-2020
bkomorowski@renmarkfinancial.com