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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (116488)6/2/2008 11:56:34 AM
From: koan  Read Replies (1) of 313137
 
Canasia gets approval for Canadian potash permits

Canasia Industries Corp (C:CAJ)
Shares Issued 49,459,841
Last Close 5/30/2008 $0.325
Monday June 02 2008 - News Release

Mr. Graeme Sewell reports

CANASIA INDUSTRIES CORPORATION: 453,058 ACRES OF POTASH CLAIMS RECEIVE GOVERNMENT APPROVAL

Canasia Industries Corp. has been informed by Dahrouge Geological Consulting Ltd. that the potash permit applications have been processed and have received government approval. These permits encompass 453,058 acres of lands prospective for potash located on the Saskatchewan, Alberta border. A work program on this prospect will now be formulated with the goal of establishing a National Instrument 43-101-compliant report in the near future.

Graeme Sewell, a director of Canasia, stated: "This is fabulous news. Canasia may be one of the smallest capitalized public companies that have exposure to government-approved potash claims. This may offer the shareholders tremendous leverage into a fast-growing sector. When you also factor in our gold/copper upcoming summer drill programs and our potential coal claims, Canasia has exposure to multiple prospects that alone may offer significant shareholder value. The summer is going to be an extremely active period of potential corporate growth for Canasia."

© 2008 Canjex Publishing Ltd.
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