Canoe Mining Appoints Parnham as President and CEO

OAKVILLE, ON, Oct. 2, 2014 /CNW/ - Canoe Mining Ventures Corp. (TSXV: CLV) ("Canoe") is pleased to announce the appointment of Mr. Duane Parnham as President and CEO of Canoe effective immediately. Mr. Parnham has had a long successful career working in the resource sector and gained a thorough understanding of the Canoe assets in his current position as Executive Chairman of Giyani Gold Corp., Canoe's largest shareholder.

Mr. Parnham has developed exploration companies from the start-up stage to fully-permitted projects and has a track record of creating shareholder value by working with governments and landowners to identify high-impact and underdeveloped projects that will benefit from his financial, managerial, and technical expertise. In addition to Canoe, Mr. Parnham has founded several resource-focused companies including Forsys Metals Corp., Temex Resources Corp., Giyani Gold Corp., Angus Mining (Namibia) Inc., and UNX Energy Corp. which, under the direction of Mr. Parnham, was sold to a major Brazilian oil and gas company for $730 million. Mr. Parnham has served as a director of Canoe since the company listed and will continue to hold this position.

Canoe also announces that Mr. Chuck Allen has resigned as President and CEO of Canoe to focus on his role with Giyani Gold Corp., a company that is currently working towards a business combination. Canoe's board of directors would like to thank Mr. Allen for the significant contributions he made during Canoe's acquisition of Birch Hill Gold Corp. and the TSXV listing process and they wish him every success in his future endeavors.

Additional information and corporate documents may be found on www.sedar.com and on the Canoe Mining website: www.canoemining.com.

Neither the 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 news release.

On Behalf of the Board of Directors of Canoe Mining,
Duane Parnham, President and CEO

SOURCE: Canoe Mining Ventures Corp.

Duane Parnham, President and CEO, Director, Canoe Mining Ventures Corp., Tel: [phone] ext.236; Luke Vigeant, Manager, Investor Relations, Canoe Mining Ventures Corp., Tel: [phone] ext.237, Email: [email protected]