Cannon Exploration Inc.: Update to Shareholders
Wednesday May 7, 8:30 am ET TORONTO--(MARKET WIRE)--May 7, 2008 -- Cannon
Exploration Inc. (Other OTC:CNEX.PK - News), a North American mining company, is
pleased to announce that effective May 7th, the company's website will be live
http://www.cannon-exploration.com as well as an Investor Relations firm has been
hired to take shareholder inquires at 1-866-365-4724.

The company plans to own several advanced mining properties in North America
that will rapidly combine a balanced portfolio of exploration and development
projects with the mining expertise of its technical and managerial teams to
ensure future growth of the company. The result is a company with the share
liquidity and market capitalization to provide value to investors. "As we move
forward in considering exciting growth options for the company, I hope that in
the coming months you will come to share that excitement with me as well,"
stated CEO Neil Sarran. The company will be updating its shareholders with
further announcements within the near future with regards to company projects
and developments. About Cannon: Cannon Exploration is ideally positioned
to emerge as a pre-eminent exploration company in the North American mining
industry. Forward-Looking Statements: The statements which are not
historical facts contained in this release are
forward-looking statements that involve risks and uncertainties, including but
not limited to, the effect of economic conditions, the impact of competition,
the results of financing efforts, changes in consumers' preferences and trends.
The words "estimate," "possible," and "seeking" and similar expressions identify
forward-looking statements, which speak only to the date the statement was made.
The Company undertakes no obligation to publicly update or revise any
forward-looking statements, because of new information, future events, or
otherwise. Future events and actual results may differ materially from those set
forth herein, contemplated by, or underlying the forward-looking statements.

Contact:
Contact: Investor Relations: 1-866-365-4724 Website:
http://www.cannon-exploration.com


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