Canasia Industries Corporation

Canasia Industries Corporation

August 04, 2011 03:01 ET

Canasia to Re-Commence Operations on Clone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 4, 2011) - Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINK SHEETS:CANSF)(FRANKFURT:45C) wishes to announce that operations on its flagship 'Clone Gold Prospect' are anticipated to commence shortly. The Company has also forwarded funds to the operator for this upcoming phase of operations on the Clone Prospect.

Negar Adam, President of Canasia stated, "We are looking forward to re-commencing operations on the Clone Prospect. Last year Canasia announced the final grade for 34 one tonne samples retuned an average of 68.65 grams per tonne (December 8, 2010) and also had drill results on the Clone that returned drill intercepts of 44.75g/t over 12.8 meters (October 22, 2009). The Clone is Canasia's flagship property and taking into account that gold prices are at all time highs, this is an opportune time to be getting back to work on this prospect."

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Negar Adam, President, 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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