CanAsia Industries Corporation

CanAsia Industries Corporation

September 13, 2010 03:01 ET

Canasia Industries Corporation: Positive Drilling Update at Clone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2010) - Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINK SHEETS:CANSF)(FRANKFURT:45C) has been informed by the operator that the first four holes have been completed at the Clone Gold Prospect near Stewart, BC. Visible gold has been encountered in all four holes. These holes were immediately sent out for assaying. The budget for the 2010 Clone drill program will be approximately twice as large as last year's, which returned drill results grading as high as 44.75 g/t Au over 12.80 metres (announced October 22, 2009).

Negar Adam, president of Canasia stated, "Encountering visible gold in each of the first four holes is very encouraging. During last season's Clone drill program Canasia's shares traded up to $0.41 on over 250 million shares, which I believe indicated a strong market appetite for this project. Considering this year's budget for the drill program is approximately twice as large as last year's, management is optimistic regarding what this year's drill results may achieve."

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Canasia has a well diversified portfolio of prospects. Canasia's current prospects include the following: (a) the Clone Gold prospect in Stewart, BC, that has returned grades as high as 44.75 g/t Au over 12.80 metres (announced October 22, 2009); (b) the Debut Gold prospect in NE Nevada; (c) 55,300 contiguous acres at Reed Lake, Manitoba; (d) significant acreage of Potash claims, bordering Alberta and Saskatchewan, which has been optioned out; (e) 130,500 acres prospective for Coal in SE Saskatchewan; (f) 180,000 acres prospective for Lithium in Alberta; (g) and mineral claims covering an area of approximately 9,200 hectares, located within the El Oro -- Tlalpujahua Gold/Silver belt in the states of Guanajuato and Michoacan, Mexico.

E.R. Kruchkowski, P. Geol., is the Qualified Person for the Clone project and has read and authorized this news release. 

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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