Mr. Jeff Chisholm reports

CANASIA ANNOUNCES BID PURSUANT TO THE ONSHORE THAILAND 25TH LICENSING ROUND

Canasia Energy Corp. has submitted a bid, as part of a consortium, with a non-operated 30-per-cent participating interest, pursuant to the previously announced onshore Thailand 25th licensing round.

Onshore Thailand 25th licensing round bid

Canasia, as part of a consortium, have submitted a bid to the government of Thailand for one concession pursuant to the onshore Thailand 25th licensing round for a contract to explore for, develop, produce, and market oil or gas, in the exploration block onshore Thailand (the concession).

Given the competitive nature of the bid process, Canasia does not currently intend to provide additional details with respect to the bid or the concession unless and until a concession is awarded.

Canasia expects that the government of Thailand will announce awards of concessions pursuant to the 25th licensing round in the first quarter of 2026. There can be no assurance that the government of Thailand will accept Canasia's bid on the terms proposed or at all.

About Canasia Energy Corp.

Canasia is a Calgary, Alberta-based, oil and gas company with operations in Western Canada.

We seek Safe Harbor.