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News Releases

– 2012

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Grant of Incentive Stock Options

Vancouver, October 29, 2012 - Canasil Resources Inc. (Canasil, TSX-V: CLZ , DB Frankfurt: 3CC) announces that pursuant to the Company’s Stock Option Plan and subject to regulatory approval, up to a total of 600,000 incentive stock options will be granted to directors, officers, consultants and employees of the Company. The options are exercisable for a period of two to five years at a price of $0.18 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 actively engaged in the exploration of its mineral properties.

For further information please contact:

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

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.