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SEVEN NEW CLAIMS ACQUIRED IN REED LAKE, MANITOBA
April 7, 2008 - Vancouver, B.C. Canasia Industries Corporation (the "Canasia") and its joint
venture partner, International Samuel Exploration Corp. ("Samuel"), have
entered into an option to acquire 100% interest in seven claims totaling
3,736 acres in the Reed Lake Area of Manitoba. This acquisition has
increased the joint venture holdings to a total 199,736 acre.
Trading Symbols:
CAJ-Canada
45C-Germany
CANSF-USA
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The property is strategically located 8 kilometers North east from the VMS
Ventures Inc. base metal discovery in the historic and very prolific Flin
Flon mining camp, with more than 27 significant mineral deposits
continuously discovered over the past 75 years. The most recent discovery is
HudBay's Lalor Lake property, with 20 million tonnes of 8.8 per cent zinc.
The Reed Lake property is jointly owned 50-50 between Canasia and Samuel,
which is adjacent to the VMS Ventures discovery in the Flin Flon district of
Manitoba.
Under the option agreement terms the joint venture partners have agreed to
spend a total of $300,000 on exploration, issue 300,000 shares and pay the
vendor $100,000 over a four year period, subject to TSXV approval
This acquisition reflects the on going efforts of the joint venture partners
to aggressively pursue further land acquisitions in this highly prospective
green stone belt area of Manitoba.
"Graeme Sewell"
Director
Canasia Industries Corporation
Contact:
CANASIA INDUSTRIES CORPORATION
789 West Pender Street, Suite 1205
Vancouver, BC V6C 1H2
Tel: 778 328-8848
Fax :604 689-1733
www.canasiaind.com
info@canasiaind.com
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