Canamex Gold Corp. announced the Updated Preliminary Economic Assessment Report ("PEA") for the Bruner Gold Project in Nye County, Nevada. Following is a summary of the base case results of the PEA on a 100% ownership basis for the Bruner Gold Project in Nevada and at a gold price of USD 1,280/oz. and a silver price of USD 17/oz. The key outcomes of the study include: After-tax net present value at 5% discount rate (NPV5) of USD 69.6 million (CAD 86.25 million, or CAD 1.40/share (based on 61,401,426 shares currently on issue); Low initial capital of USD 37.8 million, including royalty buy-outs, contingency of USD 4.8 million, but not including working capital of USD 6.8 million; After-tax IRR of 31% at USD 1,280 gold price and 51.5% at USD 1,500/oz gold price; Short pay-back period of nominally 1.65 years at USD 1,280/oz gold price, Average annual gold production of 42,500 ounces and 44,250 ounces of silver; Average cash cost of USD 577/oz. of gold produced for the first two years of operation and USD 872/oz. thereafter, for an average cash cost is USD 796/oz gold; 10-year operation, including 2-year tail of gold and silver recovery after mining; Contract mining with room for significant improvement on mining costs with owner- operated mining and detailed scheduling of mining costs between three proposed pits; Facility siting and first two years of production entirely on patented claims to allow for a streamlined permitting process for the Phase 1 production scenario; Oxide heap leach processing with 90% recovery of gold on single-stage crushed material and 75% recovery of gold on run-of-mine (ROM) material.