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News Releases

Canasil Closes Non-brokered Private Placement of $1,600,000

March 19, 2007

Vancouver, December 21, 2006 - Canasil Resources Inc. (Canasil, TSX-V: CLZ) is pleased to announce that the Company’s Director Gary Nordin, and President and CEO Bahman Yamini, provided an overview of the recent exploration programs on the Company’s silver-zinc and gold-copper projects in Mexico and British Columbia, Canada, during an interview with the Korelin Economics Report in San Francisco on November 26, 2006. To view the interview visit Canasil’s website at www.canasil.com or use either of the links below:



Canasil has recently completed a successful Phase 1 diamond drill program on the La Esperanza silver-zinc-lead project in Zacatecas State, and a 3-dimensional induced polarization geophysical survey on the Salamandra zinc-silver project in Durango State, Mexico, as announced on November 6 and November 30, 2006. The Company is currently conducting a Phase 1 drill program on the Colibri silver-zinc-lead project in Durango State, Mexico. In British Columbia, Canada, during the 2006 field season the Company completed a geological mapping program on the Brenda gold-copper project. This program outlined a large alteration zone adjacent to, and extending from the previously drilled zone, which had confirmed the presence of porphyry gold-copper mineralization, as announced on August 8, 2006. The multiple targets identified in Mexico and British Columbia, Canada, will be the focus of the Company’s continued exploration programs in 2007, and present excellent opportunities for discovery and added value on the Company’s exploration projects.

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 mineral properties and 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:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Doug Kerr
Corporate Communications
604-718 5454
Email:  [email protected]

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