News Releases

Vancouver, September 14, 2006 – Canasil Resources Inc. (“Canasil” TSX-V: CLZ) is pleased to announce encouraging results from diamond drill holes ES-06-03 and ES-06-04 at the La Esperanza Silver-Zinc-Lead project in Zacatecas State, Mexico. The project is located on the border of Zacatecas and Durango States, close to a number of prominent operating silver mines – San Martin mine operated by Grupo Mexico, the La Colorada mine of Pan American Silver and La Parrilla mine of First Majestic Resource Corp.

Average assay results from the mineralized intercepts in ES-06-03 and ES-06-04 are listed below. For completeness, average assay results from drill hole ES-06-02, which has been previously reported on August 29, 2006, is also included in the table.

g/t (grams per metric tonne) is converted to oz/t (ounces per short ton) by a conversion factor of 34.2856

Drill hole ES-06-04 intercepted the hanging wall vein at a drill depth of 88.45 metres with a drill intercept of 2.35 metres with average assays of 142 g/t silver, 2.32% zinc and 1.07% lead, and the main La Espernaza vein at a drill depth of 116.83 metres with a drill intercept of 9.86 metres (true width 7.52 metres), with an average grade of 388 g/t silver, 1.36% zinc and 1.35% lead. Two central higher-grade zones within the La Esperanza vein returned average assays of 634 g/t silver, 1.56% zinc and 1.45% lead over a drill intercept of 2.66 metres (true width 2.03 metres), and 593 g/t silver, 1.09% zinc and 0.35% lead over a drill intercept of 2.78 metres (true width 2.12 metres). Sample No. 5077 from ES-06-04 returned an assay value of 2,203 g/t silver over a width of 0.35 metres.  A table with the results from individual assay samples from ES-06-03 and ES-06-04 is attached below.

Drill holes ES-06-03 intersected the mineralized hanging wall vein at a drill depth of 78.90 metres with a drill intercept of 1.76 metres with average assays of 274 g/t silver, 0.20% zinc and 0.10% lead, and the main La Esperanza vein at a drill depth of 102.80 metres with a drill intercept of 1.50 metres with average assays of 287 g/t silver, 0.38% zinc and 2.12% lead.

Six drill holes, ES-06-01 to ES-06-06, have been completed to date for a total of 793 metres, and work is in progress on ES-06-07.  Results for ES-06-01 and ES-06-02 were announced on August 29, 2006. ES-06-03 and ES-06-04 were aimed at investigating the continuity of the vein system at approximately 40 metres and 100 metres along strike, at the same depth as the mineralized drill intercept seen in drill hole ES-06-02. With the results from drill holes ES-06-03 and ES-06-04, the continuity of the mineralized vein structure at the La Esperanza project has been confirmed over a strike distance of 100 metres.

Eng. Erme Enriquez, Director of Exploration and Development of Minera Canasil S.A. de C.V., the Company’s wholly owned Mexican subsidiary, is responsible for the planning and implementation of the drill program. All core samples are processed at the Company’s core processing and storage facility in Durango, Mexico. Samples are cut by diamond saw, and half is sent for assay and half secured for reference. Samples are sent to the SGS Laboratories in Durango for processing and assay analysis for gold and silver by fire assay with an atomic absorption finish (“FA-AA”) on a 30 gram split, and for copper, lead and zinc by digestion of 1.00 gram sample in aqua regia and analysis by AA. A duplicate set of pulp samples are also sent to ALS Chemex Laboratories in Vancouver for check assays. Gary Nordin, P. Geo. British Columbia and Director of Canasil, is the designated Qualified Person for this project in accordance with National Instrument 43-101.

The La Esperanza Silver-Zinc-Lead project covers 435 hectares, located 100 km SSE of the city of Durango on the border between Durango and Zacatecas States. The project site is easily accessible from Canasil’s operating base in Durango.

About Canasil:

Canasil is a Canadian mineral exploration company with interests in base and precious 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 its mineral properties and evaluating additional acquisition opportunities.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
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.

This news release contains certain statements that may be deemed “forward-looking statements”.  All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward looking statements.  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. 

Sample No.	Interval - Metres From           To		Width Metres	Grades
				Silver g/t	Silver oz/t	Zinc %	Lead %
La Esperanza Project - Diamond Drill Hole ES-06-03
5035	78.90	79.74	0.84	449	13.1	0.202	0.091
5036	79.74	80.66	0.92	114	0.41	0.193	0.101
Average	78.90	80.66	1.76	274	7.99	0.20	0.10
5046	102.80	103.93	1.13	289	8.43	0.304	2.660
5047	103.93	104.30	0.37	280	8.17	0.600	0.460
Average	102.80	104.30	1.50	287	8.37	0.38	2.12
La Esperanza Project – Diamond Drill Hole ES-06-04
5050	88.45	89.10	0.65	224	6.53	1.55	0.972
5051	89.10	89.91	0.81	135	3.94	2.30	1.290
5052	89.91	90.42	0.51	40	1.17	1.42	0.270
5053	90.42	90.80	0.38	154	4.49	4.90	1.830
Average	88.45	90.80	2.35	142	4.14	2.32	1.07
5058	116.83	117.86	1.03	126	3.68	4.12	1.650
5059	117.86	118.48	0.62	155	4.52	3.49	3.200
5060	118.48	118.92	0.44	140	4.08	1.57	1.600
5061	118.92	119.50	0.58	492	14.35	4.56	4.730
5062	119.50	120.00	0.50	708	20.65	0.860	0.462
5063	120.00	120.62	0.62	972	28.35	0.434	0.261
5064	120.62	121.10	0.48	502	14.64	1.18	0.810
5065	121.10	121.58	0.48	424	12.37	0.489	0.680
5066	121.58	121.92	0.34	240	7.00	0.466	2.180
5067	122.48	123.00	0.52	106	3.09	0.284	0.961
5068	123.00	123.44	0.44	11	0.32	0.546	0.770
5069	123.44	124.00	0.56	34	0.99	0.597	0.300
5070	124.00	124.47	0.47	96	2.80	0.631	0.592
5071	124.47	124.96	0.49	355	10.35	0.533	0.550
5072	124.96	125.66	0.70	357	10.41	0.259	0.390
5073	125.66	125.80	0.14	173	5.05	0.872	0.441
5074	125.80	126.33	0.53	481	14.03	0.162	1.350
5075	126.33	126.80	0.47	315	9.19	0.247	1.800
5076	126.80	126.90	0.10	259	7.55	0.522	1.150
5077	126.90	127.25	0.35	2,203	64.25	0.412	2.170
Average	116.83	127.25	9.86	388	11.32	1.36	1.35
Incl.	118.92	121.58	2.66	634	18.49	1.56	1.45
And	124.47	127.25	2.78	593	17.30	0.35	1.09

g/t (grams per metric tonne) is converted to oz/t (ounces per short ton) by a conversion factor of 34.2856