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To: LoneClone who wrote (30895)	1/7/2009 2:13:03 PM
From: LoneClone	Read Replies (1) \| Respond to of 194034

Canasia Industries Corporation: Reed Lake Work Program Commences Wed Jan 7, 3:01 AM ca.news.finance.yahoo.com VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2009) - Canasia Industries Corporation (TSX VENTURE: CAJ.V)(OTCBB: CANSF.OB)(FRANKFURT:45C) ("Canasia") is pleased to announce that all the data regarding the Reed Lake VTEM has been received and evaluated. The data interpretation identified eight separate areas that represent VTEM anomalies on the property. The eight areas underwent a detailed interpretation in an effort to identify outlining structures, favorable geology and zones of alteration. The detailed analysis has indicted that there are over 20 high priority targets on the property. Consequently, Canasia has now applied for ground geophysical permits from the Manitoba Government. The permit application is for two grids totaling 24 line kilometres. This geophysical work will enable a more specific drill target interpretation with plans to drill in the first quarter of 2009. Graeme Sewell, a director of Canasia stated, "The Reed Lake Prospect is Canasia's primary project. It has been over one year of data collection and interpretation to get to this stage. We are in the final stages of pinpointing the highest priority drill targets, with the drill program to follow shortly. This prospect lies in one of Canada's most prolific mining areas with more than 27 significant mineral deposits continuously discovered over the past 75 years. This prospect is bordering VMS Ventures recent discovery which had drill intercepts grading 33.46 m of 10.36% copper. When you factor in the mineral lease agreement with a senior gold producer, our coal lease permits, our potash prospect and our additional gold prospects, Canasia is a well diversified junior company that will be active on multiple prospects throughout 2009." If you would like to be added to Canasia's news distribution list, please send your email address to info@canasiaind.com. Graeme Sewell, Director Canasia Industries Corporation Disclaimer for Forward-Looking Information Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems; (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, (8) inability to obtain all necessary environmental and regulatory approvals, (9) an increase in the number of competitors with larger resources, (10) other factors beyond the Company's control; and (11) the ability of the Company to acquire the services of contract trades to perform work programs in a timely manner. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian security regulators. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. Contacts Graeme Sewell Canasia Industries Corporation Director 1-877-225-6755 (604) 689-1733 (FAX) Email: info@canasiaind.com Website: www.canasiaind.com