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CLZ.V ·

Canasil Grants Management Stock Options

Share Capital & Compensation

Tel: 604-708 3788

Email: [email protected]

NEWS RELEASE

January 08, 2026 www.canasil.com

Canasil Grants Management Stock Options

Vancouver, January 08, 202 6 - Canasil Resources Inc. (TSX-V:CLZ.H, DB Frankfurt: 3CC , “Canasil” or the

“Company”) announces that the Company has applied to the TSX Venture Exchange (TSX -V) for approval to

grant a total of 5,150,000 incentive stock options to Directors, Officers, Advisors and Employees. The options

will be priced at $0.05 and will be valid for 5 years. The Company has not granted any incentive sock options

since May 2021, and in 2025 through to December 31, 2025, a total of 6,975,000 options expired or were

cancelled. The proposed options will partially replace the expired options and, if approved and granted, will

result in a total of 6,650,000 options outstanding as at January 08, 202 6. This will represent 46% of the

14,381,428 options available for grant under the Company’s stock option plan.

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, explor ation 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.