Canasil Resources’ JV Partner Orex Minerals Announces Inferred Resource Estimate of 33.3 Million Ounces of Silver at Boleras Deposit

VANCOUVER, Oct. 31, 2016 – Canasil Resources Inc. – (TSX-V: CLZ ) (“Canasil” or the “Company”) is pleased to report that Orex Minerals Inc. (TSX-V: REX, “Orex”) has announced a first resource estimate for the Boleras Silver Deposit on the Sandra-Escobar Project in Durango, Mexico, prepared by the consulting firm Mining Plus. The project is being advanced by Orex under an option agreement with Canasil announced on September 15, 2015.

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