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News Releases

Grant of Incentive Stock Options

November 6, 2003

Vancouver, November 06, 2003 - Canasil Resources Inc. (Canasil, TSXV: CLZ) announces that pursuant to the Company’s Stock Option Plan, a total of 650,000 incentive stock options have been granted to directors and officers of the Company. The options are exercisable for a five-year period at a price of $0.26 per share and are subject to regulatory and shareholder approval.

The above stock options replace in part 300,000 stock options exercisable at $0.30 per share, which expired in June 2003, and 200,000 incentive stock options exercisable at $0.41 per share and expiring from May to July 2004, which have been cancelled. 

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.

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