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Canasia Industries Corp.: Reed Lake VTEM 3,052 line km survey completed

Canasia Industries Corp. has received notification from Geotech Ltd. that the 3,052 line km VTEM survey on our jointly held Reed Lake property located in the Flin Flon district of Manitoba is now complete.

The property is strategically located around the VMS Ventures Inc. base metal discovery in the historic and very prolific Flin Flon mining camp. With more than 27 significant mineral deposits continuously discovered over the past 75 years. The most recent discovery is HudBays' Lalor Lake property with 20 million tonnes 8.8 % zinc.

The Geotech VTEM survey is considered one of the airborne survey industry's best deep-penetrating electromagnetic and magnetic systems. The VTEM airborne magnetic and electromagnetic components have been successfully used in outlining structures, favorable geology, zones of conductivity, magnetic zones and zones of alteration, some of which are coincident with areas of known mineralization. This type of geophysical survey is useful in advancing the property to the drill-ready stage. Data compilation and interpretation will now commence and a preliminary timetable of expected results will follow.

Graeme Sewell, a director of the Company stated, “This prospect is progressing at an accelerated pace. We are excited to have the VTEM completed in such a timely fashion and are anticipating the evaluation and primary drill targets to be identified shortly. Couple this with the expected approvals of the potash claims, and clearly management is striving towards exceptional corporate growth in the short and long term for Canasia shareholders.”

Derrick Strickland, P.Geo, the qualified person under NI 43-101 for this project, has approved the technical content of this news release.

If you would like to be added to Canasia's news distribution list, please send your email address to info@canasiaind.com.

Contact Information
Tel: 778 328-8848
Fax: 604 689-1733
www.canasiaind.com
info@canasiaind.com

“Graeme Sewell”
Director
Canasia Industries Corporation