Canasia Industries Corp. ("Canasia") (TSX VENTURE: CAJ)(FRANKFURT: 45C)(OTCBB: CANSF) has received a "Letter of Comfort" from the Saskatchewan Ministry of Energy and Resources stating that the majority of the coal permit applications made on behalf of Canasia have been submitted ahead of any other permit applications and will be given priority. Canasia has applied for four townships (approximately 92,000 acres) and based on the Letter of Comfort, Canasia has priority on approximately 90,000 of the acres applied for. This means that most of Canasia's applications are first in line. The Letter of Comfort is not a guarantee that all or any of these leases will be issued to Canasia, only that at this time Canasia is first in line for the lease applications. These permits are in close proximity to the potential near-surface coal discovery by Goldsource Mines Inc. in an area 50 kilometres north of Hudson Bay, Saskatchewan.

Graeme Sewell, a director of Canasia stated, "We are pleased that Canasia has priority status in almost 98% of all the permit applications we have submitted. The land that we staked is in close proximity to Goldsource's potential new coal discovery. Canasia was clearly one of the first to submit coal permits in this high potential coal region. When you factor in our expected government approval on our 450,000 acres of potential Potash claims and our anticipated summer drill program on our copper/gold prospect in Reed Lake, it appears that Canasia is entering a period of potential significant corporate growth."

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

Graeme Sewell, Director, Canasia Industries Corporation

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's ability to close the Purchase and Sale Agreement. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems; (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, (8) inability to obtain all necessary environmental and regulatory approvals, (9) an increase in the number of competitors with larger resources, (10) other factors beyond the Company's control; (11) the Company's ability to acquire the Coal Leases from the Ministry of Energy and Resources; and (12) the ability of the Company to acquire the services of contract trades to perform work programs in a timely manner. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian security regulators.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contacts: Canasia Industries Corporation Graeme Sewell Director 1-877-428-8848 (604) 689-1733 (FAX) Email: info@canasiaind.com Website: www.canasiaind.com

SOURCE: CanAsia Industries Corporation

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