Anexco Resources Signs Final Agreement for Exclusive North and South American Rights for Automated Kiosks for the Dispensing Of Cannabis Products

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 21, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES

Anexco Resources Ltd. (CSE:AXO) ("Anexco" or the "Company") - Further to the Company's news release of June 25, 2014, Anexco is pleased to announce that it has signed a final agreement (the "Agreement") with Alps Innovations Group ("Alps") for exclusive North and South American rights to an intelligent automated retail kiosk, the BioCanna ADM, for the dispensing of Cannabis and related products in both medical and commercial markets.

Anexco/Kaneh Bosm realized the Cannabis market required a retail system that provided secure, safe, reliable, and automated transactions. Thus, together with Alps we created the BioCanna ADM system, an intelligent automated dispensing machine.

The BioCanna ADM system provides secure product storage, the ease, reliability, and possible 24/7 availability, and the cost effectiveness of automated retail, coupled with an age-verification or patient eligibility requirement. The kiosks feature sophisticated inventory management systems including robotics and RFID chip reader capabilities, and will be capable of unique identification of each customer. The kiosks will be networked to an enterprise server which monitors and records parameters including inventory levels, purchases tracked by each customer, kiosk functionality and health. Furthermore, the inventory area of the kiosks will be climate controlled to ensure product freshness. The BioCanna ADM can dispense any type of Cannabis products, including branded accessories such as vapourizers, pipes, or rolling papers.

The BioCanna ADM system will revolutionize Cannabis retail.

Alps has developed and licensed specific software for the BioCanna ADM exclusively to Anexco for an initial term of five years, which is automatically renewable every 5 years based on purchase quotas. Anexco is paying Alps a fee of $55,000 to customize the BioCanna ADM software for the dispensing of Cannabis and related products. Anexo will own these software modifications. Alps will grant a further license to Anexco to use this software to potentially enter the retail pharmaceutical drug sector using similar kiosks should the opportunity arise.