Canasil Closes $500,000 Private Placement
Tel: 604-708 3788
Email: [email protected]
NEWS RELEASE
January 12, 2026 www.canasil.com
Canasil Closes $500,000 Private Placement
Vancouver, January 20, 202 6 - Canasil Resources Inc. (TSX-V:CLZ.H, DB Frankfurt: 3CC , “Canasil” or the
“Company”) announces acceptance by the TSX Venture Exchange (TSX -V) of a private placement for a total
10 Million common shares of the Company at $0.05 per share for total pro ceeds of $500,000. There will be
no warrants included in this placement and the Company has not paid a commission or finders ’ fee on the
proceeds. Certain insiders and existing shareholders have participated in this placement.
Insiders of the Company subscribed for a total of 2,500,000 Shares. Participation by the insiders constitutes a
related party transaction as defined under Multilateral Instrument 61 -101 (“MI 61 -101”). The Company is
relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101
contained in sections 5.5(a) and 5.7(1)(a) of MI 61 -101, as the fair market value of the participation in the
Private Placement by insiders does not exceed 25% of the market capitalization of the Company, as
determined in accordance with MI 61-101.
The proceeds will be used to fund the Company ’s operations and e xploration programs on its silver-gold-
copper project portfolio in BC, C anada, and in Durango and Zacatecas States , Mexico, as previously
announced. The placement closed on January 20, 2026. The shares issued under this placement are subject
to a hold period of 4 months to May 20, 2026.
About Canasil:
Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper
exploration projects in Mexico and British Co lumbia, Canada. The Company’s directors and management
include industry professionals with a track record of identifying and advancing successful mineral exploration
projects through to discovery and further development.
For further information please contact:
Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 708-3788
www.canasil.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements that may be deemed to be “forward -looking statements”. All statements
in this release, other than statements of historical facts are forward looking statements, including statements that
address future mineral production, reserve potential, exploration drilling, exploitation activities and events or
developments. These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from tho se anticipated in such 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 or developments may differ materially from
those in the forward -looking statements. Factors that could cause actual results to differ materially from those in
forward-looking statements include, but are not limited to, changes in commodities prices, exploration successes,
continued availability of capital and financing, and general economic, market or business conditions. The reader is
referred to the Company’s filings with the Canadian securities regulators for disclosure regarding these and other risk
factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue
reliance upon forward-looking statements.