Canasil Intersects 12.50 Metres with 5.31 g/t Gold and 336 g/t Silver (721 g/t AgEq*) Including 13.55 g/t Gold and 828 g/t Silver (1,810 g/t AgEq*) over 1.00 Metre in Multiple Mineralized Bands at the Nora Project, Mexico

Vancouver, Sept. 15, 2021 – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces results from the fourth core drill hole of the 2021 follow up drill program, NRC-21-12, testing below and between the 2020 maiden drill intercepts on the Candy vein at the Nora silver-gold project in north-central Durango State, Mexico. Core drill hole NRC-21-12, targeted the Candy vein structure approximately 60 metres (‘m’) down dip below NRC-21-11, and 60 m south of and at the same elevation as NRC-21-09. NRC-21-12 intersected a 12.50-metre mineralized structure with high average gold and silver grades, including multiple bands consistently carrying very high gold and silver grades, as detailed in the table below:

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