Canaf Investments Inc V.CAF

NEWS RELEASE

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Canafannounces consolidated Q3 financials

September15, 2011, Vancouver, British Columbia - Canaf Group Inc. (TSXV: CAF) ("Canaf"or the "Company") the Canada-registered mining group, today released itsFinancial Statements and Management Discussion and Analysis for the 3 monthsended July 31, 2011.

For the 3 months ended July 31, 2011sales increased approximately 16% to $4,299,501from $3,709,335 for the previous quarter, reflecting higher sale pricesand higher volume sales.

The group's gross marginfor the quarter ended July 2011 was 15.6% or $672,551, representing an increasefrom the previous quarter of 5.6%. The increase in the margin was due toimproved cost efficiency and increased revenues.

The net bookprofit for the Company, after allowing for provisional tax, during the periodwas $277,196 and at July 31, 2011, the Company had cash of $1,631,346.

Further tothe previous announcement on August 15, 2011, the Company can confirm that thecoming two quarters will reflect reduced sales due to the breakdown atArcelorMittal’s plant at Newcastle, KwaZulu Natal.Latest information from ArcelorMittal indicate that firstorders for the Company’s product will return in either December 2011 or January2012, when the Company expects to return to full production.The Company is managing during theinterim period by utilizing accumulated stocks and is confident that profitswill continue to be generated, albeit at reduced levels.The Company is continuing tosupply ArcelorMittal’s facility at Vanderbijl Park.

The Financial Statements and ManagementDiscussion and Analysis can be viewed on www.sedar.com or the Company’swebsite, www.canafgroup.com.Allreference to dollars herein are to US dollars.

About Canaf

Canaf Group Inc. is a junior mining groupbased in Vancouver, Canada, and with subsidiary offices in the United Kingdom.Canaf owns 100% of Quantum Screening and Crushing (Pty) Ltd., a carbonproducing company based in South Africa.

About Quantum

Quantum Screening and Crushing (Pty) Ltd’s isone of South Africa’s largest producers of calcined anthracite, a product usedas a replacement to coke in the manufacturing process of steel and manganese. Thecompany’s two largest clients are Mittal Steel and Samancor, world leaders insteel and manganese production respectively. Quantum has an operation in Newcastle,KwaZulu Natal, where its two kilns operate around the clock devolatising theraw material, anthracite. The majority of Quantum’s feedstock anthracite issupplied by Springlake Colliery, which has reserves in excess of 25 years andis located in the nearby town of Dundee.

Forward-LookingStatements

Certain information regarding Canafcontained herein may constitute forward looking statements.Forward looking statements may includeestimates, plans, expectations, opinions, forecasts, projections, guidance orother statements that are not statements of fact. Although Canaf believes thatthe expectations reflected in such forward looking statements are reasonable,it can give no assurance that such expectations will prove to have beencorrect. These statements are subject to certain risks and uncertainties andmay be based on assumptions that could cause actual results to differmaterially from those anticipated or implied in the forward lookingstatements.Canaf is under noobligation to update or alter any forward looking statement. These risksinclude operational, political, currency and geological risks and the abilityof Canaf to raise or obtain funds for its operations. Canaf's forward-lookingstatements are expressly qualified in their entirety by this cautionarystatement.