Grant of Incentive Stock Options
March 7, 2006
Vancouver, March 06, 2006 - Canasil Resources Inc. (Canasil, TSXV: CLZ) announces that pursuant to the Company’s Stock Option Plan, a total of 800,000 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 $0.20 per share. The above stock options replace in part 300,000 stock options, which expired and were cancelled in May 2005.
About Canasil:
Canasil is a Canadian mining and 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 management team includes 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 in 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:
Mr. Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
604-709-0109
www.canasil.com