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Canasil Files Q1 2025 Interim Report and Application for Revocation of Cease Trade Order

Financials Listings & Exchange Regulatory & Compliance

Tel: 604-708 3788

Email: [email protected]

NEWS RELEASE

June 11, 2025 www.canasil.com

Canasil Files Q1 2025 Interim Report and Application for Revocation of Cease Trade Order

Vancouver, June 11, 2025 - Canasil Resources Inc. (“Canasil” or the “Company”) is pleased to announce that

the Company has filed its Q1 2025 Interim Quarterly Report on 10 June, 2025, which completes the Company’s

required regulatory filings ahead of the June 16, 2025 , date announced earlier. The Company is now in full

compliance with its regulatory filings.

The Company has filed the Application to the British Columbia Securities Commission (BCSC) together with

the associated fees and documents required for the revocation of the Cease Trade Order (CTO) , issued on

December 6, 2023. The application is currently under review by BCSC with the understanding that there is no

change in the Company’s business plan and objectives or its share structure, which remain the same as before

the issuance of th e CTO. The Company plans to apply for a reinstatement of trading on the TSX Venture

Exchange and is actively pursuing opportunities to advance its mineral property portfolio.

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 activ ities 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 g eneral 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.