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To: Goose94 who wrote (131739)12/21/2022 7:48:12 PM
From: Goose94Read Replies (1) | Respond to of 203329
 
Canasil Resources (CLZ-V) Amended Letter of Intent with Silver Viper (VIPR-V)

Dec 21, '22 - NR

Canasil Resources announces the execution of an Amending Agreement to the non-binding Letter of Intent dated November 6, 2022 (the “LOI”) with Silver Viper Minerals. The LOI sets out certain terms and conditions with respect to the proposed business combination with Silver Viper (the “Proposed Transaction”). The Company and Silver Viper are continuing to work toward completion of definitive agreements in respect of the Proposed Transaction. Pursuant to the Amending Agreement, the deadline for execution of a definitive agreement has been extended to January 31, 2023.

Additional details regarding the LOI and the Proposed Transaction are provided in the Company’s press release dated November 7, 2022, which is available on the Company’s SEDAR profile at www.sedar.com.

About Canasil

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company's directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Canasil Resources Inc.
1760 - 750 West Pender Street,
Vancouver, BC,
Canada V6C 2T8
Tel: (604) 708-3788
Fax: (604) 708-3728
Email: admin@canasil.com