Mr. Jeff Chisholm reports

CANASIA ANNOUNCES RECEIPT OF YEAR 1, FIRST TRANCHE PAYMENT UNDER COOPERATIVE RESEARCH AND DEVELOPMENT AGREEMENT

Canasia Energy Corp.'s wholly owned subsidiary, Andora Energy Corp., has received the year 1, first tranche $9.5-million payment from the Korea Institute of Geoscience and Mineral Resources in respect of the co-operative research and development agreement announced on May 6, 2026.

Canasia, based in Calgary, Alta., is an oil and gas company with operations in Western Canada.