Mr. Bahman Yamini reports

REDUCTION OF EXERCISE PRICE OF WARRANTS EXPIRING DECEMBER 6 AND 31, 2014, AND FEBRUARY 17, 2015

Canasil Resources Inc. has applied to the TSX Venture Exchange to reduce the exercise price of 2.22 million warrants expiring on Dec. 6, 2014, Dec. 31, 2014, and Feb. 17, 2015, from 15 cents to eight cents. The expiry dates will remain unchanged. These warrants were issued in connection with a private placement that closed on Dec. 6, 2013, Dec. 31, 2013, and Feb. 17, 2014. The amended warrant exercise price is subject to acceptance by the TSX-V.