Canasil Comments on Pan American Action Appearing in Media Reports

Suite 1760 – 750 West Pender Street

Vancouver, BC

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Tel: 604-708 3788

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NEWS RELEASE TSX-V: CLZ

September 15, 2017 www.canasil.com

Canasil Comments on Pan American Action Appearing in Media Reports

Vancouver, September 15, 2017 - Canasil Resources Inc. ( TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the

“Company”) announces that it has become aware of media reports appearing in Stockwatch and Street

Wire concerning an action commenced against it by Pan American Silver Corp. (“Pan American”) with

regards to a March 24, 2009 option agreement on the Escobar property in Durango State, Mexico.

Canasil has not been served with the action as this matter is currently under discussion between the

parties. Should Canasil be served with the action, it will vigorously defend it.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-

copper-lead-zinc projects in Durango and Zacatecas States, Mexico, and in British Columbia, 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. The

Company is actively engaged in the exploration of its mineral properties, and maintains an operating

subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

For further information please contact:

Bahman Yamini

President & CEO

Canasil Resources Inc.

Tel: 604-709 0109

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 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

those 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.