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– 2008

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Canasil Receives $125,000 Placement from Blackcomb Minerals

Vancouver, May 22, 2008 - Canasil Resources Inc. (Canasil, TSX-V: CLZ) announces that the Company has received a placement of $125,000 for the issuance of 500,000 shares at a price of $0.25 per share from Blackcomb Minerals Inc., as provided for in the Option and Joint Venture Agreement for the Salamandra and Victoria projects dated March 19, 2008. The placement is subject to acceptance by the TSX Venture Exchange (“the Exchange”). In accordance with securities legislation currently in effect, the shares will be subject to a statutory “hold period” of four months.

The proceeds of the private placement will be used for continuing exploration programs on the Company’s mineral exploration projects and for working capital.

About Canasil:

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