Vancouver, April 20, 2023 – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces the signing of an Option Agreement and an Exclusivity Agreement with Silver Dollar Resources Inc. (“Silver Dollar”). Pursuant to the agreements, Silver Dollar will provide Canasil with a $200,000 non-interest-bearing loan (the “Loan”) in return for a two-month exclusivity period to conduct due diligence on the assets of Canasil (the “Exclusivity Period”), and an option to earn a 100% interest in Canasil’s Nora property (the “Nora Option”).