Grant of Incentive Stock Options
October 7, 2005
Vancouver, October 07, 2005 - Canasil Resources Inc. (Canasil, TSXV: CLZ) announces that pursuant to the Company’s Stock Option Plan, a total of 150,000 incentive stock options have been granted to a consultant of the Company. The options are exercisable for a period of five years at a price of $0.10 per share and are subject to vesting requirements according to the Company’s Stock Option Plan.
About Canasil:
Canasil is a Canadian-based mining and mineral exploration company with interests in base and precious metal properties in British Columbia, Canada, and Durango, Sinaloa and Zacatecas States, Mexico. The Company is actively engaged in the exploration of its mineral properties and in evaluating additional acquisition opportunities. The management team is focused on identifying and implementing strategies to increase the value of the Company’s mineral properties through cost effective and responsible development.
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:
Mr. Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
604-709-0109
www.canasil.com