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News Releases

Reduction of Exercise Price and Extension of Warrant Term

February 24, 2009

Vancouver – Canasil Resources Inc. (“Canasil” TSX-V: CLZ) announces that the Company is applying to the TSX Venture Exchange to reduce the exercise price to $0.05 and extend from March 12, 2009, to March 31, 2009, the expiration term of the warrants issued in connection with a private placement which closed on March 12, 2007.

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.

For further information please contact:

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


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






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