Received by email:

File: 160316 NR Closing CLZ PP 4100K Shares Final.doc

 
 

Suite 1760 - 750 West Pender Street
Vancouver, BC
Canada V6C 2T8

Tel: 604-708 3788
Fax: 604-708 3728
Email: admin@canasil.com

 
                      

NEWS RELEASE                       TSX-V: CLZ 
March 16, 2016                          www.canasil.com 
                                                                                         
Canasil Closes Non-Brokered Private Placement

Vancouver, March 16, 2016 - Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, "Canasil" or the "Company") announc
--->es closing of the non-brokered private placement of 4,100,000 common shares of the Company ("Shares") at a price of $0
--->.22 per Share (the "Offering") for gross proceeds of $902,000. The proceeds will be used for continuing exploration pr
--->ograms on the Company's mineral exploration projects and for working capital. The private placement has been approved 
--->by the TSX Venture Exchange ("the Exchange"). A 6% cash finder's fee in the amount of $33,000 will be paid to an arm's
---> length party in connection with part of this private placement in accordance with the policies of the Exchange. 

The shares issued pursuant to the Offering will be subject to resale restrictions for a period of four months plus one
---> day from the closing date to July 17, 2016. 

Bahman Yamini, President and CEO, commented: "We are very pleased to welcome certain strategic institutional investors
---> who took part in this placement as Canasil shareholders. This placement strengthens our working capital and will allo
--->w us to work actively to advance our highly prospective portfolio of exploration projects to add further value for our
---> shareholders."   

About Canasil:

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



File: 160316 NR Closing CLZ PP 4100K Shares Final.pdf

                                                                         Suite 1760   750 West Pender Street
                                                                                              Vancouver, BC
                                                                                            Canada V6C 2T8

                                                                                            Tel: 604-708 3788
                                                                                            Fax: 604-708 3728
                                                                                    Email: admin@canasil.com




 NEWS RELEASE                                                                                TSX-V: CLZ
 March 16, 2016                                                                         www.canasil.com
                           Canasil Closes Non-Brokered Private Placement
 Vancouver, March 16, 2016 - Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, "Canasil"
 or the "Company") announces closing of the non-brokered private placement of 4,100,000
 common shares of the Company ("Shares") at a price of $0.22 per Share (the "Offering") for
 gross proceeds of $902,000. The proceeds will be used for continuing exploration programs on
 the Company's mineral exploration projects and for working capital. The private placement has
 been approved by the TSX Venture Exchange ("the Exchange"). A 6% cash finder's fee in the
 amount of $33,000 will be paid to an arm's length party in connection with part of this private
 placement in accordance with the policies of the Exchange.
 The shares issued pursuant to the Offering will be subject to resale restrictions for a period of
 four months plus one day from the closing date to July 17, 2016.
 Bahman Yamini, President and CEO, commented: "We are very pleased to welcome certain
 strategic institutional investors who took part in this placement as Canasil shareholders. This
 placement strengthens our working capital and will allow us to work actively to advance our
 highly prospective portfolio of exploration projects to add further value for our shareholders."

 About Canasil:
 Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned
 silver-gold-copper-lead-zinc 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 the 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.