Canasil Reviews a Positive 2025 and Looks Forward to 2026
Tel: 604-708 3788
Email: [email protected]
NEWS RELEASE
January 12, 2026 www.canasil.com
Canasil Reviews a Positive 2025 and Looks Forward to 2026
Vancouver, January 12, 202 6 - Canasil Resources Inc. (TSX-V:CLZ.H, DB Frankfurt: 3CC , “Canasil” or the
“Company”) is pleased to review an active and successful 2025, completing all required regulatory reporting
requirements leading to full revocation of the Cease Trade Order (CTO) issued in December 2023, and return
to active trading on the TSX Venture Exchange (TSX -V). The Comp any looks forward to 2026 with
opportunities to advance its Gold-Silver-Copper project portfolio in British Columbia, Canada, and in Durango
and Zacatecas States, Mexico, which will be announced in a separate News Release to follow.
2025 Highlights:
• February 04, 2025 - execution of the 5-year option agreement with Amarc Resources Ltd. ( Amarc)
providing for Amarc to acquire 100% interest in Canasil’s Brenda gold-copper project in north-central
BC. Amarc’s recent AuRORA gold-copper discovery is adjacent to the north -west boundary of the
Brenda property. The agreement includes annual cash option payments of $400,000, with the initial
payment made upon signature, and total payments adding to $2,000,000 over the agreement term,
which are not credited towards the option exerise price. Option exercise price start s at $8 million
cash in year 1, increasing on an annual basis to $12 million in year 5. Canasil will retain a 2% NSR, of
which 1% can be acquired for $5 million before commencement of commercial mining operations ,
and $10 million after commencement of mining. Amarc will be responsible for undertaking
exploration expenditures to advance the mineral claims by at least one year during each year of the
option agreement.
See Fig. 1 below for a map showing the location of the Brenda project with respect to Amarc’s AuRORA
major gold-copper discovery.
• February 28, 2025 – appointment of Gary Nordin as Director and David Cross as CFO.
• May 28 and June 11, 2025 – completion and filing of 2023 and 2024 audited annual financial
statements and reports, and completion and filing of Q1 2025 interim report, bringing all reporting
requirements up to date and allowing immediate application to British Columbia Securities
Commission (BCSC) to revoke the CTO issued in December 2023.
• July 16, 2025 - Amarc reported that Freeport-McMoran Mineral Properties Canada Inc. ( Freeport)
has exercised its right to have the entire Brenda tenure included in the Freeport-Amarc Mineral
Property Earn-In Agreement for the JOY District.
• August 7, 2025 – Canasil AGM held with approvals of past financial statements, Board appointments
and Stock Option Plan.
• September 4, 2025 – Amarc announced that Freeport has formally elected to proceed to Stage 2 of
the JOY Mineral Property Earn-in Agreement, under which Freeport has elected to earn a further 10%
interest in the JOY District, to increase its interest from 60% to 70%, by spending an additional CAD
$75 million within 5 years at a rate of no less than CAD $10 million per year.
• September 12, 2025 – BCSC full revocation of CTO and application to TSX Venture Exchange (TSX-V)
for resumption of trading.
• September 25, 2025 – TSX-V resumption of trading, Canasil trading o n TSX-V NEX Exchange. From
Sept. 25, 2025, to Jan. 09, 2026, a total of 19,773,802 shares traded at an average price of $0.033.
• November 3, 2025 – Canasil formally applied to TSX-V for re-instatement to TSX-V Tier 2 from TSX-V
NEX, with the application currently in progress.
• December 01, 2025 – during Q3 and Q4 2025 Canasil completed reconnaissance and drone imaging
surveys on the very high-grade silver Lil project in BC, Canada, extending the claims to July 15, 2027.
Canasil Resources Inc.
News Release, January 12, 2026 page 2/3
Summary:
The Company thanks its shareholders for their support, understanding and patience through the period of
the CTO and anticipates a very active 2026 to take advantage of the current positive market environment for
the mining and mineral exploration sector with high gold, silver, and copper prices.
The technical information herein has been reviewed and approved by Gary Nordin, PGeo, a Qualified Person
as defined by National Instrument 43-101 and a Director of Canasil.
For further information please contact:
Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 708-3788
www.canasil.com
Figure 1: Canasil Brenda Property and Amarc-Freeport JOY District Location
JOY District: Large-Scale Mineral Systems Host the AuRORA, Canyon and Twins Discoveries,
PINE Deposit, NWG, NUB and Other Sulphide Systems
Reference: Amarc July 16, 2025 News Release
Canasil Resources Inc.
News Release, January 12, 2026 page 3/3
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.