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CLZ.V ·

Canasil Resources Inc. Announces Results of Annual General Meeting

Shareholder Meetings

Suite 1760 – 750 West Pender Street

Vancouver, BC

Canada V6C 2T8

Tel: 604-708 3788

Fax: 604-708 3728

Email: [email protected]

NEWS RELEASE TSX-V: CLZ

September 30, 2020 www.canasil.com

Canasil Resources Inc. Announces Results of Annual General Meeting

Vancouver, September 30 , 20 20 - Canasil Resources Inc. ( TSX-V: CLZ , DB Frankfurt: 3CC, “Canasil”)

announces the voting r esults from its Annual General Meeting of Shareholders held on September 30 ,

2020, in Vancouver, B ritish Columbia . A total of 46,959,047 shares were represented at the meeting,

representing 40.09 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 o f the C ompany's Stock Option Plan , and the election of

management's nominees as Directors.

Results of Votes Cast at Canasil AGM, September 30, 2020

Resolution Votes For % Votes Against % Votes Withheld %

Number of Directors: 36,514,047 77.76 10.445,000 22.24 - 0.00

Directors:

Alvin Jackson 36,522,547 77.78 - 0.00 10,436,500 22.22

Michael McInnis 36,522,547 77.78 - 0.00 10,436,500 22.22

Arthur Freeze 35,925,138 76.50 - 0.00 11,033,909 23.50

Bahman Yamini 35,925,138 76.50 - 0.00 11,033,909 23.50

Other Resolutions:

Appointment of Auditor 36,524,047 77.78 - 0.00 10,435,000 22.22

Stock Option Plan 34,825,138 74.16 12,133,909 25.84 - 0.00

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 a nd 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

[email protected]

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.