SOURCE: CanAsia Industries Corporation

September 13, 2010 03:06 ET

Positive Drilling Update At Clone

VANCOUVER, BC--(Marketwire - September 13, 2010) -

Canasia Industries Corporation / Positive Drilling Update At Clone processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

                         CANASIA INDUSTRIES CORPORATION
                      Suite 1470 - 701 West Georgia Street
                             Vancouver, BC V7Y 1C6

September 13, 2010

Trading Symbols:

CAJ-Canada
45C-Germany
CANSF-USA

Positive Drilling Update At Clone

Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE: CAJ.V)(PINK SHEETS: CANSF.PK)(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."

If you would like to be added to Canasia's news distribution list, please send your email address toinfo@canasiaind.com.

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.

Contact Information
Tel: 1877  2256755
Fax: 1604 689-1733
www.canasiaind.com
info@canasiaind.com
"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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Source: Canasia Industries Corporation via Thomson Reuters ONE

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