Canadian Mining Announces Million Dollar Deal with Mayen Minerals

	    Symbol: CNG - TSX.V
                  
                  	    VANCOUVER, Sept. 30 /CNW/ - Mr. Ray Paquette is very pleased to announce
                  that after several months of negotiations Canadian Mining has entered into an
                  option agreement dated effective September 28, 2009, with Mayen Minerals Ltd.
                  (TSX-V: MYM.P) pursuant to which Mayen was granted an option to earn up to an
                  undivided 60% interest in and to Canadian Mining's "Raquel 3" and "Raquel 3B"
                  project (the "Assets") located in Sonora, Mexico (the "Proposed Transaction").
                  The Option was granted by Canadian Mining through its wholly-owned Mexican
                  subsidiary, Canmin Mexico S.A. de C.V. to Mayen through its wholly-owned
                  Barbados subsidiary, Minmay Corp. ("Minmay").
                  	    Pursuant to the terms of the Option Agreement, Mayen (through Minmay) has
                  the option to acquire up to a 60% interest in the Assets by expending a total
                  of US $1,400,000. Minmay will earn a 25% undivided interest in the Assets by
                  incurring exploration expenditures of not less than US$300,000 on the Property
                  on or before the 6th month of Exchange acceptance of the Option Agreement (the
                  "Effective Date"). Upon exercise of the 25% interest, Minmay will have the
                  option to earn a further 25% interest in the Assets for a total undivided
                  interest of 50% by incurring additional exploration expenditures on the
                  Property of not less than US$600,000 on or before the 18th month anniversary
                  of the Effective Date. Upon exercise of the 50% interest, Minmay will have the
                  option to earn a further 10% undivided interest in the Assets for a total
                  undivided interest of 60% by incurring additional exploration expenditures on
                  the Property of not less than US$500,000 on or before the 24th month
                  anniversary of the Effective Date. Minmay will have the right to accelerate
                  the foregoing exploration expenditures and thereby earlier earn its interest
                  in the Assets.
                  	    The Property is subject to a 2% net smelter return royalty (the "NSR") in
                  favour of Canadian Mining. After the exercise of the 60% interest, Minmay will
                  have the right at any time to purchase 1% of the NSR for a cash payment to
                  Canadian Mining of US$200,000 and the remaining 1% of the NSR for a cash
                  payment to Canadian Mining of US$1,000,000.
                  	    Upon Mayen earning its final interest in the Assets, Minmay and Canmin
                  will enter into a joint venture agreement for the continued development of the
                  Property. Each party's interest in the joint venture will be pro-rata to their
                  respective interest in the Assets and will be subject to dilution for
                  non-contribution.
                  	    A finder's fee will be payable by Canadian Mining in connection with the
                  Option Agreement, within the limits prescribed by the policies of the
                  Exchange. Completion of the Proposed Transaction is subject to the approval of
                  the Exchange.
                  	    The mineral concessions Raquel 3 and Raquel 3B are located in the
                  prolific mining district of Alamos in Sonora, Mexico and consist of two claim
                  blocks comprising approximately 10,927 hectares (the "Property"). The Property
                  is accessible by a well maintained gravel road from the town of Alamos
                  approximately 45 kilometers to the south.
                  	    The Property contains at least one skarn related mineralized zone that
                  was mined by Servicios Industriales Penoles, S.A. de C.V. during the 1980s
                  (the "El Gochico Mine"). The El Gochico Mine is a silver/zinc/copper/lead
                  skarn deposit.
                  	    Canadian Mining completed a work program over the Raquel 3 portion of the
                  Property as recommended in the National Instrument 43-101 ("NI 43-101")
                  compliant technical report dated April 2, 2008 (the "Technical Report"), a
                  copy of which is available under Canadian Mining's SEDAR profile at
                  www.sedar.com. Mayen is in the process of finalizing an updated NI 43-101
                  technical report for the Property.
                  	    In the fall of 2008 and the spring of 2009 Canadian Mining completed
                  extended grid surveys and several 3D Induced Polarization / Resistivity
                  Surveys which located three large geophysical anomalies. The reports in their
                  entirety are available on Canadian Mining's web site www.canadianmining.ca
                  	    Canadian Mining looks forward to working with Mayen and their experienced
                  Board of Directors including R.A. Bruce McDonald, Bruno Arnold and Robert J.
                  Atkinson and soon to be joined by Dennis A. van Dyke and R. Michael Garvey.
                  The Mayen team has years of success in business, finance and the resource
                  sector.
                  
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                  	    On behalf of the Board
                  	    Ray Paquette CEO
                  	    Info@canadianmining.ca
                  	    604.684.3301
                  
                  	    Neither 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.
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