Canasil Drills 2.35 Metres (1.95 Metres True Width) of 750 g/t Silver Equivalent* at the La Esperanza Project in Durango and Zacatecas States, Mexico

http://www.canasil.com/news_releases/index.php?&content_id=389

Vancouver, April 05, 2017  – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil”) announces assay results for drill holes ES-17-16 and ES-17-17 of the 2016-17 core drilling program at the La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. These drill holes intersected multiple silver-zinc-lead mineralized intercepts reporting both wide as well as high-grade intervals from the La Esperanza vein, indicating a strong mineralized system which remains open along strike and to depth.

ES-17-16 intersected 5.94 metres (m) (true width (TW) 4.92 m) of 321 grammes per tonne silver equivalent* (g/t Ag Eq), including high-grade intervals of 2.35 m (TW 1.95 m) of 750 g/t Ag Eq, which included 1.15 m (TW 0.95 m) of 1,362 g/t Ag Eq – detailed assays are listed in the table below.  ES-17-16 was a 60-metre step-out to the southeast from the prior vein intercepts in the southeastern zone of the La Esperanza vein, and extends the confirmed strike length of the La Esperanza vein to approximately 400 metres. This relatively wide intercept with high-grade intervals, located high in the vein system, is very encouraging and opens the southeastern zone for further drill testing along strike and to depth.

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