NOT FOR DISSEMINATION IN THE UNITED STATES

Anexco Resources Ltd. (CSE:AXO) ("Anexco" or the "Company") - 

Anexco Resources Ltd. is pleased to announce that BC Chronic Inc., its
wholly-owned subsidiary, has signed a non-binding letter of intent ("LOI") with
a medical Cannabis producer presently licensed under Health Canada's Marijuana
Medical Access Regulations (MMAR) (the "Vendor").


Under the terms of this LOI, BC Chronic would acquire 100% of the Vendor's
operations, located in the interior of British Columbia. The Vendor's facility
has been built to Marijuana for Medical Purposes Regulations (MMPR) standards
and encompasses 388 1000W lights of production capacity. The facility is capable
of producing 2500 kgs. of biopharmaceutical grade medical Cannabis annually. All
building permits including structural, electrical, and fire have been obtained
from the local municipal authorities, and the facility includes fire suppression
and sophisticated security systems. Furthermore, the facility is scalable to
approximately 60,000 sq. ft.


Using this facility, BC Chronic will apply to Health Canada to obtain a Licensed
Producer designation. Upon receiving the Licensed Producer approval, the Company
will issue the Vendor 2,750,000 common shares of its capital stock and a signing
bonus of $100,000.


The Vendor's team consists of seasoned industry personnel with a very high level
of experience in all aspects of medical Cannabis production including
cultivation, facility design and construction. Mr. Martinz, President of Anexco
remarks, "This acquisition is a very important step for the Company and its
shareholders. We welcome these operators of trusted and experienced leadership
and quality forte to become part of our Cannabis 'dream-team'. Together, using
our combined talents and this facility, we will be able to produce industry
leading Cannabis for our clients at the most affordable prices possible." The
Vendor's team will continue to operate the facility under a management
agreement.


Upon closing this transaction, the negotiation of a Management and Operating
Agreement will be completed to cover all costs associated with operating the
facility including management and labour. The parties will work towards
completing a definitive agreement as soon as possible.


BC Chronic recently participated in the highly successful Green Rush Financial
Conference held in Vancouver BC on May 7th. This event had an outstanding number
of attendees, and tangible excitement, leading Anexco CEO Mr. Rudy de Jonge to
comment, smiling, that "in my 25 years of public market experience I have never
witnessed such excitement at a trade show." Many strong contacts were made at
this conference which will be explored in the weeks to come.


On behalf of the Board of Directors of Anexco Resources Ltd.

Michael Martinz, President, Director

Rudy de Jonge, CEO, Director

THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR
ADEQUACY OF THIS RELEASE.


This news release includes certain statements that may be deemed
"forward-looking statements". The use of any of the words "anticipate",
"continue", "estimate", "expect", "may", "will", "would", "project", "should",
"believe" and similar expressions are intended to identify forward-looking
statements. Although the Company believes that the expectations and assumptions
on which the forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because the Company can
give no assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties. These statements speak only as of the
date of this News Release. Actual results could differ materially from those
currently anticipated due to a number of factors and risks including various
risk factors discussed in the Company's disclosure documents which can be found
under the Company's profile on www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anexco Resources Ltd.
604.782.4191
604.637.9614 (FAX)
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