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News Releases

Grant of Incentive Stock Options

March 20, 2007

Vancouver, March 20, 2007 - 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 900,000 incentive stock options have been granted to Directors, Officers and Consultants of the Company. The options are exercisable for a period of five years at a price of $0.50 per share. 

About Canasil:

Canasil is a Canadian mineral exploration company with interests in precious and base metal properties in British Columbia, Canada, and in Durango, Sinaloa and Zacatecas States, Mexico. 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.

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

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Doug Kerr
Corporate Communications
604-718 5454
Email:  [email protected]

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