Canasil Review of Candy Vein Drill Results With Up To 8,445 g/t AgEq* x Metres True Width x Grade Suggests High Potential at the Nora Silver and Gold Project, Durango, Mexico

Vancouver, Mar. 09, 2022 – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces a review of the results from the 2020-21 drill programs completed on the Candy vein at the Nora silver-gold project in north-central Durango State, Mexico. A total of 3,296 metres (“m”) was completed in 13 core drill holes and tested the Candy vein structure over a strike distance of 500 m and to a vertical depth of 250 m below surface. All 13 drill holes cut the mineralized vein structure, returning particularly wide high-grade gold (“Au”) and silver (“Ag”) intercepts within the central 200-metre zone tested.

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