Canasia Industries – Visible Gold Intersected at Clone Property

Canasia Industries Corporation (“Canasia”) wishes to announce that operations on the Reed Lake copper/gold prospect are now underway. The operator has contracted Koop Geotechnical Services to undertake a large Loop Time Domain EM geophysical survey on three targets areas on its Reed Lake Prospect. The survey will consist of 46 line kilometers of Time-Domain Electromagnetics at 25 meter spacing and a magnetometer survey at 25 meter spacing. The large Loop Time Domain EM developed by Crone Geophysics is the same system used in 2007 by HudBay Minerals to discover the Lalor Lake deposit at a depth of approximately 800 meters.

The Reed Lake Prospect consists of 55,300 contiguous acres at Reed Lake, Manitoba The property is, strategically located around the VMS Ventures Inc. base-metal discovery in the historic and very prolific Flin Flon mining camp, with more than 27 significant mineral deposits continuously discovered over the past 75 years. The most recent discovery is HudBay’s Lalor Lake property, with 20 million tonnes of 8.8 per cent zinc.

Negar Towfigh, President of Canasia stated, “It is great for operations to now be underway on the Reed Lake Prospect. This is our primary winter drill program and it is one of our top prospects within Canasia’s stable of ongoing projects. The Flin Flon Belt has been an active region this year and we are looking forward to re-commencing work on this important copper/gold project as well as being active on multiple other prospects.”

The technical information in this new release has been reviewed by Derrick Strickland, P.Geo., the qualified person for the Reed Lake Prospect.