Canasia Industries Corporation: Conductors Indicated on Reed Lake Prospect

Canasia Industries Corporation announces that it has been notified by the operator that interpretation of historical data has been obtained on the Reed Lake Prospect. Previous geophysical data has indicated there is a minimum of six conductors on the property. A compliant National Instrument 43-101 report will completed by Canasia in the future. Readers should note that the information on historic work performed on the property disclosed on this release was completed prior to implementation of National Instrument 43-101, therefore the results spoken of do not comply with modern reporting standards and should not be relied upon until such time as additional work is completed on the property.

Joint venture representatives have just returned from Reed Lake and while there met with parties needed to advance the project including line cutting, ground geophysics, permitting and drilling.

Graeme Sewell, a director of Canasia stated, “Management is moving forward toward establishing high-priority drill targets on the Reed Lake Prospect. Drilling is anticipated to commence this summer on this prospect. This prospect is directly contiguous to a recent discovery announced by VMS Ventures (May 22, 2008), with intercepts including 18.99 metres (62.3 feet) of 7.10 per cent copper and 0.17 per cent zinc.”

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Graeme Sewell, Director

Canasia Industries Corporation

Contacts: Canasia Industries Corporation Graeme Sewell Director 1-877-225-6755 (604) 689-1733 (FAX) Email: info@canasiaind.com

Website: http://www.canasiaind.com

Source: Canasia Industries Corporation