Mr. Bahman Yamini reports

CANASIL REINSTATED TO TSX-V TIER 2 TRADING UNDER SYMBOL TSX-V: CLZ

The TSX Venture Exchange has issued a bulletin dated Feb. 5, 2026, confirming that Canasil Resources Inc. has met the requirements to be listed as a TSX-V Tier 2 company. Therefore, effective at the opening, Monday, Feb. 9, 2026, the company's listing will transfer from NEX to TSX-V, the company's tier classification will change from NEX to Tier 2, and the filing and service office will change from NEX to Vancouver.

Effective at the opening, Monday, Feb. 9, 2026, the trading symbol for the company will change from CLZ.H to CLZ. The company is classified as a mining company.

Capitalization:  unlimited shares with no par value, of which 153,814,280 shares are issued and outstanding

Escrow:  nil shares subject to escrow

Bahman Yamini, president and chief executive officer of Canasil, commented: "We are very pleased to have fully completed the process of recovering from the cease trade order of December, 2023, and, with reinstatement to TSX-V Tier 2 as before and trading under our previous symbol (TSX-V: CLZ), we can now focus on advancing and maximizing the potential from the company's exceptional silver-gold-copper exploration project portfolio in B.C., Canada, and Durango and Zacatecas states, Mexico. We would like to thank our directors and management team, auditors, and staff at British Columbia Securities Commission and TSX Venture Exchange for their support and assistance in achieving this result."

We seek Safe Harbor.