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Canasil Resources Inc. Announces Results of Annual General Meeting

Shareholder Meetings

Tel: 604-708 3788

Email: [email protected]

NEWS RELEASE

August 19, 2025 www.canasil.com

Canasil Resources Inc. Announces Results of Annual General Meeting

Vancouver, August 19, 2025 - Canasil Resources Inc. the Company or “Canasil”) announces the voting results

from its Annual General Meeting of Shareholders held on August 7, 2025, in Vancouver, British Columbia. A

total of 25,709,718 shares were represented at the meeting, representing 17.88 per cent of the C ompany's

issued and outstanding common shares. Shareholders voted in favour of all matters brought before the

meeting, including the number of Directors, appointment of auditor for the ensuing year, confirmation of the

Company's Stock Option Plan, and the election of management's nominees as Directors.

Results of Votes Cast at Canasil AGM, August 7, 2025

Resolution Votes For % Votes Against % Votes Withheld %

Number of Directors: 25,689,218 99.92 20,500 0.08 - 0.00

Directors:

Alvin Jackson 25,679,218 99.88 - 0.00 30,500 0.12

Gary Nordin 25,679,218 99.88 0.00 30,500 012

Bahman Yamini 25,067,809 97.50 - 0.00 641,909 2.50

Other Resolutions:

Appointment of Auditor 25,682,218 99.89 - 0.00 27,500 0.11

Stock Option Plan 25,074,809 97.53 634,909 2.47 - 0.00

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.

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 the 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.

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.

Canasil Resources Inc.

News Release, August 19, 2025 page 2/2

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 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 c ause 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 busine ss 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.