Cannon Exploration Inc. announced that the initial reconnaissance program undertaken on the Queen Alexandra Gold Mine, located outside of Dryden in Northern Ontario, Canada, has been completed. A limited ground geophysical survey conducted by Major Management Exploration Services (MMES) indicated a conductive zone in the immediate shaft area located on the property. The survey also reconciles with and supports the known historical information that mineralization is present in that area, and trends along the same zone where the one shaft and exploration pit, as well as several trenches, exist. Cannon will now move to the next stage of exploration by establishing a complete grid of the property with a control baseline, and conduct additional ground geophysics, east and west of the shaft. This next phase will also include the collecting of rock samples along the geophysical conductor axis, and thorough investigation of the old shaft area and rock structure. Cannon Exploration will commence with this next phase of exploration on or about October 01, 2008.

Effective April 08, 2008, Cannon Exploration Inc. changed its OTCPK stock ticker symbol to CNEX from CTSO.

On April 08, 2008, Citisource Inc. changed its name to Cannon Exploration Inc.