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News Releases

– 2008

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Grant of Incentive Stock Options

Vancouver, July 10, 2008 - Canasil Resources Inc. (Canasil, TSX-V: CLZ) announces that pursuant to the Company’s Stock Option Plan and subject to regulatory approval, a total of 100,000 incentive stock options have been granted to Consultants of the Company. The options are exercisable for a period of five years at a price of $0.25 per share. 

About Canasil:

Canasil is a Canadian mineral exploration company with interests in precious and base metal projects in Durango, Sinaloa and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects. The Company is engaged in the exploration of its mineral properties and evaluating additional acquisition opportunities.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.com

Corporate Communications
Vancouver: Doug Kerr
(604) 315-4400
Email: [email protected]
Calgary: Garth McTavish
Tel: (403) 618-7327
Email: [email protected]  

Toronto:
Tracy Weslosky or Fred Cowans
Pro-Edge Consultants Inc.
Tel: (416) 581-0177
Toll Free: (866) 544-9622
Email: [email protected]
            [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility
 for the adequacy or accuracy of the content of this news release.