File: '\\swfile\EmailIn\20260722 065721 Attachment 260722 NR Canasil AGM Results July 21 2026 Final.docx'

Tel: 604-708 3788

Email: admin@canasil.com

NEWS RELEASE

July 22, 2026 www.canasil.com

Canasil Resources Inc. Announces Results of Annual General and Special Meeting

Vancouver, July 22, 2026 - Canasil Resources Inc. the Company or "Canasil") announces the voting results from its Annual General and Special Meeting of Shareholders held on July 21, 2026, in Vancouver, British Columbia. A total of 34,549,479 shares were represented at the meeting, representing 22.18 per cent of the Company's issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting, including the number of Directors, the election of management's nominees as Directors, appointment of auditor for the ensuing year, confirmation of the Company's Stock Option Plan, and the change of the Company's name to Canadian Silver Corp.

Results of Votes Cast at Canasil AGSM, July 21, 2026

Resolution

Votes For

%

Votes Against

%

Votes Withheld

%

Number of Directors:

33,945,070

98.22

614,409

1.78

-

0.00

Directors:

Alvin Jackson

33,945,070

98.22

-

0.00

614,409

1.78

Gary Nordin

33,945,070

98.22

0.00

614,409

1.78

Bahman Yamini

33,938,070

98.20

-

0.00

621,409

1.80

Other Resolutions:

Appointment of Auditor

33,945,070

98.22

-

0.00

614,409

1.78

Stock Option Plan

33,930,570

98.18

628,909

1.82

-

0.00

Company Name Change

34,549,479

99.97

10,000

0.03

-

0.00

Following approval of the Company Name Change by the Shareholders, the Company will be initiating the administrative procedure with the TSX Venture Exchange to implement the change of name to Canadian Silver Corp. The Company does not anticipate a change in its trading symbol. The Name Change does not affect the rights of Shareholders, and there is no consolidation or change in the Company's share capital associated with the Name Change.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper exploration projects in Mexico and 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 and further development.

For further information please contact:

Bahman Yamini

President and C.E.O.

Canasil Resources Inc.

Tel: (604) 708-3788

www.canasil.com

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.

Canasil Resources Inc.

News Release, July 22, 2026 page 2/2

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 those 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, exploration 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.

File: Attachment 260722 NR Canasil AGM Results July 21 2026 Final.pdf

Tel: 604-708 3788 Email: admin@canasil.com

NEWS RELEASE www.canasil.com July 22, 2026

Canasil Resources Inc. Announces Results of Annual General and Special Meeting

Vancouver, July 22, 2026 - Canasil Resources Inc. the Company or "Canasil") announces the voting results from its Annual General and Special Meeting of Shareholders held on July 21, 2026, in Vancouver, British Columbia. A total of 34,549,479 shares were represented at the meeting, representing 22.18 per cent of the Company's issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting, including the number of Directors, the election of management's nominees as Directors, appointment of auditor for the ensuing year, confirmation of the Company's Stock Option Plan, and the change of the Company's name to Canadian Silver Corp.

Results of Votes Cast at Canasil AGSM, July 21, 2026

Resolution Votes For % Votes Against % Votes Withheld %

Number of Directors: 33,945,070 98.22 614,409 1.78 - 0.00

Directors:

Alvin Jackson 33,945,070 98.22 - 0.00 614,409 1.78

Gary Nordin 33,945,070 98.22 0.00 614,409 1.78

Bahman Yamini 33,938,070 98.20 - 0.00 621,409 1.80

Other Resolutions:

Appointment of Auditor 33,945,070 98.22 - 0.00 614,409 1.78

Stock Option Plan 33,930,570 98.18 628,909 1.82 - 0.00

Company Name Change 34,549,479 99.97 10,000 0.03 - 0.00

Following approval of the Company Name Change by the Shareholders, the Company will be initiating the administrative procedure with the TSX Venture Exchange to implement the change of name to Canadian Silver Corp. The Company does not anticipate a change in its trading symbol. The Name Change does not affect the rights of Shareholders, and there is no consolidation or change in the Company's share capital associated with the Name Change.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper exploration projects in Mexico and 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 and further development.

For further information please contact: Bahman Yamini President and C.E.O. Canasil Resources Inc. Tel: (604) 708-3788 www.canasil.com

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. Canasil Resources Inc. page 2/2 News Release, July 22, 2026

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 those 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, exploration 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.