Cancor Mines Inc. is pleased to announce that it has completed 3 drill holes on the Explo-Zinc massive sulphide deposit on its Kistabiche property. These three holes, in compliance with NI-43-101 confirmed the historical grades of the 3 main known massive sulphide lenses (A, B, and B1), and also provided representative samples for the purpose of metallurgical and rock mechanics testing. A feasibility study of this deposit is currently underway.

The analytical results of the three surveys are shown in the following table:

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Hole Lens From To Width Width Zn % Ag Cu %

(m) (m) (m) (ft) g/t

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06-11 B 83.00 92.50 9.50 31.16 14.61 51.50 0.34

06-12 A 86.15 91.75 5.60 18.37 6.40 7.50 0.01

A 96.50 109.85 13.35 43.79 5.74 16.30 0.12

B 47.60 164.35 16.75 54.94 4.09 10.40 0.03

B1 246.20 280.40 34.20 112.18 5.25 17.80 0.26

Including 246.20 254.65 8.45 27.72 12.71 29.90 0.30

06-13 A 132.30 137.30 5.00 16.40 16.16 22.90 0.06

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The Kistabiche property covers an area of 2,832 hectares. Located near Joutel, in the Matagami sector of the Abitibi region, the property is the site of the EXPLO-ZINC polymetallic deposit, which was discovered in 1963 by Consolidated Northern Exploration. A new geological resource calculation compliant with NI 43-101 is underway and to be released soon. This property, easily accessible by road, already has underground infrastructure including a 389-meter deep shaft and drifts on three levels. At production stage a custom milling operation is planned at existing mills in the region.

Quality control: the drilling program was conducted under the supervision of Mr. P. Girard, Eng., Ph.D., and Mr. Michel Lacey, both consulting geologists to Cancor and qualified persons as defined by National Instrument 43-101. The samples that were analyzed were from the drilling core, at lengths varying from 0.5 to 1.5 metres. They were sent to ALS Chemex laboratory in Val d'Or, Quebec for analysis by pyro-analysis, atomic absorption or gravimetry, according to industry standards.

Cancor Mines Inc. and SOQUEM are 50/50 partners in this project. SOQUEM is a wholly owned subsidiary of Société générale de financement du Québec ("SGF"), an industrial and financial holding company whose mission is to undertake economic development projects in the industrial sector in cooperation with partners and in compliance with the economic development policies of the Government of Quebec.

Cancor Mines Inc. is a Canadian mining company engaged in the exploration and development of properties with gold and base metal potential in established mining camps.

All Cancor Mines Inc. press releases are available at the Company's Website: www.cancor.ca. This press release has been read and approved by Mr. Khobzi, an engineer and qualified person for purposes of NI 43-101.

Caution concerning forward-looking statements

This press release contains certain "forward-looking statements", including, but not limited to, the statement regarding exploration work and the emphasis on looking for a certain type of deposit. Forward-looking statements involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, among other things, those set forth in Cancor's 2006 Annual Information Form, a copy of which can be obtained on the SEDAR website at www.sedar.com.

For further information: Mr. A. Khobzi, President, Cancor Mines Inc., (514) 849-3013

Source: newswire