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– 2012

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Canasil Retains DIRG Investor Relations for German-speaking Markets

Vancouver, October 29, 2012 - Canasil Resources Inc. (Canasil, TSX-V: CLZ , DB Frankfurt: 3CC) is pleased to announce that it has retained Deutsche Investor-Relations GmbH ("DIRG") to provide Canasil with investor relations services in Europe. DIRG and Canasil are at arm’s length.

DIRG is a Berlin-based investor relations firm that provides a variety of investor relations services to publicly traded companies looking to establish support in German-speaking markets in Europe. DIRG will create an online presence for Canasil through the creation of a corporate profile on www.wallstreetonline.de, with the intent of creating a multifaceted investor relations program based on this profile.

Pursuant to an agreement between DIRG and Canasil, DIRG will be paid €2,500 EURO per month to provide the said services for an initial period of 3 months, subject to renewals unless cancelled in advance by either party. In addition, DIRG has been granted a stock option to purchase up to 150,000 shares of Canasil at $0.18 each for a period of 24 months.

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.