CanAsia Industries Corporation
TSX VENTURE : CAJ
FRANKFURT : 45C
OTC Bulletin Board : CANSF

CanAsia Industries Corporation

June 30, 2009 03:01 ET

CanAsia Industries Corporation: Kinross to Begin Drilling Debut

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2009) - CanAsia Industries Corporation (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C) (the "Company" or "CanAsia") wishes to announce that it has been notified by Kinross Gold USA ("Kinross"), who has a mineral lease agreement with Canasia on the Debut Prospect (announced Sept 9, 2008), that Notice of Intent has been approved by the Nevada BLM (Bureau of Land Management) and drilling is anticipated to begin by mid to late July.

The proposed drill plan will call for approximately 16 drill holes located on the property. Drilling is expected to take approximately six to eight weeks. The agreement between Kinross and Canasia requires Kinross to spend a minimum of $3,000,000 U.S. in exploration.

Graeme Sewell, a director of Canasia stated, "To have a major gold company of Kinross' stature working on this property shows the potential value and merit of the Debut Prospect. Management looks forward to this and is optimistic about the final outcome of the project."

Canasia's active projects include the following: (a) 199,736 acres contiguous to and surrounding a recent major copper/gold discovery at Reed Lake Manitoba; (b) an active work program on over 450,000 acres of potash claims on the Saskatchewan/Alberta border; (c) coal permits covering approximately 244,417 acres, near multiple recent coal discoveries in S/E Saskatchewan; (d) the Clone Gold prospect located in the Eskay Creek/Stewart Region of British Columbia; and (e) the Debut Gold property located in the Delker Mining District of NE Nevada, on which the Company has entered into a Mineral Lease Agreement with Kinross Gold USA. If you would like to be added to Canasia's news distribution list, please send your email address to info@canasiaind.com.

Graeme Sewell, Director

Canasia Industries Corporation

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

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