CanAsia Industries Corporation
OTC Bulletin Board : CANSF

CanAsia Industries Corporation

June 13, 2008 11:10 ET

Canasia Industries Corporation: Work Program on BC Gold/Silver Prospect Commences

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 13, 2008) - Canasia Industries Corporation ("Canasia") (TSX VENTURE:CAJ) (PINK SHEETS:CANSF) (FRANKFURT:45C) announces that preliminary fieldwork was initiated on the JUMBO property, with both soil and geophysical crews beginning their respective surveys earlier this week. The geochemical survey is being undertaken by Dynamic Exploration Ltd. of Cranbrook, BC; and the geophysical survey by SJ Geophysics Ltd. of Delta, BC.

The grid is approximately 13 line kilometres in length and consists of lines spaced 50 m apart, with sample stations 25 m apart. As a result, approximately 600 soil samples are expected to be recovered. All samples will be submitted to Acme Analytical Laboratories Ltd in Vancouver, BC for Group 1DX 36 element ICP (Inductively Coupled Plasma) analysis. The ICP method is a very cost effective method for analysis of a large suite of metals, including primary metals of interest (Gold (Au), Lead (Pb), Silver (Ag), Zinc (Zn); as well as a suite of metals considered indicative of both primary mineralization and/or mineral deposit types ("pathfinder elements"). Previous work on the property identified an argentiferous (i.e. high grade silver-bearing) vein system with coincident geochemical anomalies for elements including Arsenic (As), Bismuth (Bi), Antimony (Sb), Tungsten (W) and/or Tin (Sn), which may act as pathfinder elements for vein system having a magmatic origin or contribution to mineralization.

The 3D Induced Potential (IP) geophysical survey (see News Release dated May 30, 2008) will utilize the geochemical grid established for the soil survey. As a result, both surveys will be coincident and geographically referenced to one another through common GPS coordinates.

The geochemical survey is expected to be completed by June 19; with the IP survey completed the following week. The Company expects to have quantitative results from both surveys in early July.

Graeme Sewell, a director of the Company stated, "We are very excited to have commenced the 2008 Summer Exploration program on our 100% optioned Jumbo Gold Property. When you add in our 450,000 plus acres of Government approved Potash claims that we expect to be commencing operations on shortly, our Clone Gold Property in B.C., our coal permit applications in Saskatchewan, and our interest in almost 200,000 acres at Reed Lake, management is anticipating a very active summer in terms of work being undertaken on our multiple prospects."

Richard Walker, PGeo, the qualified person under National Instrument 43-101 for this project, has approved the technical content of this news release relating to the JUMBO project.

If you would like to be added to Canasia's news distribution list, please send your email address to

Graeme Sewell, Director

Canasia Industries Corporation

Disclaimer for Forward-Looking Information

Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems; (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, (8) inability to obtain all necessary environmental and regulatory approvals, (9) an increase in the number of competitors with larger resources, (10) other factors beyond the Company's control); and (11) the ability of the Company to acquire the services of contract trades to perform work programs in a timely manner. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, except as required by law, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian security regulators.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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