190822 NR Review of Mexico Silver Projects Final

Vancouver, August 22, 2019 – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) is reviewing plans for renewed exploration on four 100%-owned drill ready silver-gold-base metal projects located in the “Mexican Silver Belt” within Durango and Zacatecas States, Mexico. These projects are all located on this highly prospective mineral trend that hosts a number of major silver-gold mines and deposits. Two of the projects, La Esperanza and Salamandra have had extensive previous exploration, including drilling that returned intervals of high-grade silver-gold and base metal (detailed below), defining zones that are open for expansion. Two other projects, Nora and Vizcaino, are high-grade silver-gold epithermal vein targets where surface sampling has defined drill targets for testing. An overview of these projects is presented below for reference.