Canasia Industries Corp. (CAJ:CA)

Canasia Industries Corporation ("Canasia") is a Canadian exploration company dedicated to the aggressive pursuit of world class mineral deposits. Several upcoming project milestones make this an exciting time period for Canasia's growth.

• The 2010 drill program has now commenced on Canasia's Clone Gold prospect in Stewart, BC. In 2009 the Clone Prospect returned drill intercepts of 44.75g/t over 12.8 meters and a bulk sample grading 152.34 g/ton Gold.
• Canasia's Reed Lake Prospect borders HudBay Minerals' (HBM - TSX) and VMS Ventures' (VMS - TSX.V) significant Copper discovery in Manitoba's Flin Flon Greenstone Belt. HudBay and VMS have recently signed a Joint Venture Agreement on their neighbouring property and are expected to commence drilling shortly.
• Canasia has received final acceptance by the Alberta Government on 182,000 acres of land prospective for Lithium and intends to initiate the review of historic oil and gas wells, and geologic data in preparation for a proposed sampling and analysis of formation waters.

Reed Lake Project Summary



The Reed Lake mineral claims are located in the Snow Lake District in the province of Manitoba.



Canasia Industries Corporation has acquired a 50% interest in a sizeable land position, contiguous to the north, south, and west of VMS Ventures Inc.'s copper discovery which on October 4, 2007, announced assays of 2.50 meters (8.2 feet) of 15.30% copper, within 10.50 meters (34.4 feet) of 11.19% copper, within 22.25 meters (72.9 feet) of 7.75% copper, within 43.05 meters (141.2 feet) of 4.38% copper.



The property is strategically located bordering the VMS Ventures Inc. base metal discovery (10.36% Copper over 33.46 Metres, July 3, 2008) in the historic and very prolific Flin Flon mining camp, with more than 27 significant mineral deposits discovered over the past 75 years. The most recent discovery is HudBay's Lalor Lake property, with 20 million tones of 8.8% zinc. Click here for more information.

Clone GoldProject Summary



The Clone Gold property is located in the prodigious Eskay Creek/Stewart Region of NW British Columbia and is approximately 20 kilometers (12 miles) SE of the town of Stewart B.C. and the Canadian-Alaskan border.



To date, 3 million dollars has been spent on exploration of the Clone. In November 2005 Canasia Industries Corp entered into an option agreement with Teuton Resources Corp and Silver Grail Resources Corp, the owners of the Clone Property. Terms of the option require Canasia to spend a total of $1,800,000 over five years to vest a 50% interest in the property. Teuton-Silver Grail will act as operator during the term of the option. Click here for more information.




Lithium Brine Project Summery



The Lithium Brine prospect is located in West Central Alberta, between the city of Edmonton and the BC/Alberta border. The prospect consists of 73,728 contiguous hectares (approximately 182,000 acres) of land prospective for lithium has received final acceptance by the Alberta Government. CAJ intends to initiate the review of historic oil and gas wells, and geologic data from the property, including analyses of formation waters searched by the Alberta Research Council for the province, in preparation for a proposed sampling and analysis of formation waters.



Graeme Sewell, a director of CAJ stated, "We are pleased that final acceptance has been attained on our lithium prospect. Management feels that lithium will be a commodity in greater demand in the future and therefore felt it prudent to acquire a sizeable contiguous block at this time. Click here for more information.