Mr. Bahman Yamini reports

CANASIL PLANS $500,000 PRIVATE PLACEMENT

Canasil Resources Inc. has arranged a private placement for a total 10 million common shares of the company at five cents per share for total proceeds of $500,000. There will be no warrants included in this placement and the company may pay a commission or finder's fee on part of the proceeds. Certain insiders and existing shareholders will participate in this placement.

The proceeds will be used to finance the company's operations and exploration programs on its silver-gold-copper project portfolio in British Columbia, Canada, and in Durango and Zacatecas states, Mexico, as previously announced. The company anticipates closing of this placement as soon as possible and before Ja. 23, 2026.

About Canasil Resources Inc.

Canasil is a Canadian mineral exploration company with a strong portfolio of 100-per-cent-owned silver-gold-copper exploration projects in Mexico and B.C., Canada. The company's directors and management include industry professionals with a record of identifying and advancing successful mineral exploration projects through to discovery and further development.

We seek Safe Harbor.