SmallCapNewsRelease: Cannon Exploration CNEX Re-Opens Gold Producing Property

JERICHO, NY--(SmallCapNewsRelease)--March 15th, 2010, Cannon Exploration (OTC: CNEX) announced today that after almost a year of laying dormant, the company has reopened the Queen Alexandra property.

Work was shut down for most of 2009 on the Queen Alexandra property due to the overall economic slowdown, limited cash flow and overall fiscal tightening, but the company has decided to forge ahead with assaying samples.

Due to a compromised sample sent to a lab, new samples are being collected to accurately determine the possible yield from the property and will be released upon the company receiving the data.

For more information please visit www.smallcapsociety.com/cnex.php

To view the entire press release visit www.finance.yahoo.com/news/Cannon-Exploration-Resumes-iw-1701746988.html?x=0&.v=1

Small Cap News Release gainers are PAB Bankshares Inc (NASDAQ: PABK) Chordiant Software Inc (NASDAQ: CHRD) Sino-Global Shipping (NASDAQ: SINO) Star Scientific (NASDAQ: CIGX) Southcoast Financial Corp (NASDAQ: SOCB) Amylin Pharmaceuticals (NASDAQ: AMLN) Consumer Portfolio Services (NASDAQ: CPSS) CNX Gas Corp (NYSE: CXG)

SmallCapNewsRelease decliners are Gramercy Capital Corp (NYSE: GKK) Microvision Inc (NASDAQ: MVISW) MannKind Corp (NASDAQ: MNKD) Intellipharmaceutics (NASDAQ: IPCI) Sterling Construction (NASDAQ: STRL) Cytori Therapeutics (NASDAQ: CYTXW) OccuLogix Inc (NASDAQ: TEAR) Good Times Restaurants (NASDAQ: GTIM)

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