Canasil Resources Update on Lil and Brenda Exploration Properties, British Columbia, Canada URL: http://canasil.com/news_releases/2007/index.php?content_id=32&page_number=1 Content was created on: December 20, 2001 Canasil Resources Inc. (the "Company") is pleased to announce the results of metallurgical tests on samples from the Lil silver prospect, and from the modeling and re-interpretation of the geophysical data from the Brenda gold-copper porphyry prospect, both located in north central British Columbia, Canada. LIL property – A series of laboratory bench tests for silver recovery were carried out on 35kg of composite samples from the property with a very high silver grade (>100 oz/ton) by B.C. Research Inc. of Vancouver, B.C. The samples consisted of silver bearing vein and breccia material and were collected during the 2001 field season from exposed veins and mineralized floats along Lil Creek in four locations over a distance of approximately 150 meters. The following conclusions have been reached based on the tests: Silver recovery of up to 98% is obtainable without resorting to excessively fine grinding (75% passing 200#). Silver recovery of 95% is obtainable with only 40% passing 200#. Much of the silver shows fast flotation kinetics with 80% recovery obtained in the first 3 minutes. Potential contaminants such as cadmium, mercury and selenium are very low in the final concentrate and are unlikely to be a problem. A single bulk concentrate, grading 7%-10% silver could be obtained. Although preliminary at this stage, the results indicate a simple flow sheet and the economic potential of this type of ore appears to be very high. The property consists of one 20 unit mining claim covering 1,235 acres. Mineralization consists of narrow, high-grade silver bearing quartz veins and breccia zones, which developed in the quartzite beds and the granite dykes, where these brittle rocks were intersected by faults. Past exploration has been limited to mapping, sampling and channel sampling of exposed mineralized veins. The channel samples returned grades ranging from 4.3 oz/ton silver to 325.4 oz/ton silver over widths ranging from 0.20 to 0.90 meters. The average grade and width of 22 vein samples was 53.6 oz/ton silver over 0.41 meters. The mineralization was discovered by tracing float from the Swannell River southeastward up Lil Creek, which cuts through and exposes the mineralized area. Blocks of mineralized float in Lil Creek are up to 1.5 meters in smallest dimension indicating that veins occur which are wider than those accessible to date. Further exploration and drilling is required to evaluate the volume and grade of silver mineralization on the property BRENDA property – In 2001, the Company engaged Lloyd Geophysics Inc. of Vancouver, B.C. to review IP data from the property and to make drilling recommendations. They modeled the chargeability and resistivity data from 7 lines (21km) of the 1993 survey carried out by themselves. The models were generated using version 3.1 of U.B.C. modeling programme for 2D structures. The conclusions of the review are as follows: The IP survey shows that more than 50% of the area surveyed exhibits anomalous IP chargeability. The small amount of drilling to date has been confined largely to test gold-in-soil geochemical anomalies. Where gold-in-soil anomalies are coincident with IP chargeability anomalies, drilling encountered significant amounts of pyrite, copper sulphides and gold. Based on the above facts, the large IP chargeability anomaly could indicate the presence of a substantial copper-gold porphyry system. A drill programme has been recommended to test the overall quality and lateral extent of the interpreted sulphide system. The Brenda property consists of 22 mineral claims (178 units) covering an area of 10,996 acres, located 25 km northwest of the Kemess mine. The soil geochemical and geophysical surveys conducted on the property outlined a series of gold-copper porphyry targets.  Limited drilling in the area intersected gold-copper zones over significant lengths. The average grades from drill core compares favorably with the average grades of reported gold-copper porphyry deposits in the Kemess-Toodoggone Camp (Kemess South, Kemess North, Pine). The claims are in good standing until May 2004.     The Company is exploring opportunities, including joint venture arrangements with other companies, to fund required drilling to advance and develop the above properties. Appropriate drilling targets and programs have been defined for both properties. On behalf of the Board of Directors, "Paul J. Weishaupt" Paul J. Weishaupt, President The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.