Canasia Industries Corporation ("Canasia") (TSX VENTURE: CAJ) (FRANKFURT: 45C) (OTCBB: CANSF) is pleased to announce that it has been informed by Dahrouge Geological Consulting Ltd. that the potash permit applications have been processed and have received government approval. These permits encompass 453,058 acres of lands prospective for potash located on the Saskatchewan, Alberta border. A work program on this prospect will now be formulated with the goal of establishing a NI 43-101 compliant report in the near future.

Graeme Sewell, a director of Canasia stated, "This is fabulous news. Canasia may be one of the smallest capitalized public companies that have exposure to government approved potash claims. This may offer the shareholders tremendous leverage into a fast growing sector. When you also factor in our gold/copper upcoming summer drill programs and our potential coal claims, Canasia has exposure to multiple prospects that alone may offer significant shareholder value. The summer is going to be an extremely active period of potential corporate growth for Canasia."

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

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; and (11) 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 1-877-225-6755 (604) 689-1733 (FAX) Email: info@canasiaind.com Website: www.canasiaind.com

SOURCE: Canasia Industries Corporation

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