Mr. Bahman Yamini reports

CANASIL COMPLETES 2023 AND 2024 AUDITED FINANCIAL STATEMENTS AND FILES ANNUAL REPORTS

Canasil Resources Inc. completed the 2023 and 2024 audited financial statements and management discussion and analysis and has filed its 2023 and 2024 annual reports on SEDAR+ on May 28, 2025. This brings the company's required financial filings up to date. The Q1 2025 quarterly report, due by the end of May, 2025, will be delayed by seven to 10 days and the company anticipates filing its Q1 2025 quarterly report by June 16, 2025, at the latest. At that time the company will be in full compliance with its regulatory filings.

The company has initiated the steps required toward revocation of the cease trade order (CTO) in order to return to normal trading. This is a very positive development toward resumption of normal operations, and the company is actively reviewing its mineral property portfolio for opportunities to advance them.

The company would like to thank everyone involved in completing and filing the audited financial reports in a relatively short time given the constraints and high workloads imposed by the requirements for financial reporting during the first half of the year.

The company is currently subject to a CTO issued on Dec. 6, 2023, for failure to file the Q3 2023 financial reports, and its shares are suspended from trading on the TSX Venture Exchange. The company has now completed the audits and filed the required financial reports in order to apply for revocation of the CTO and reinstatement for trading.

About Canasil Resources Inc.

Canasil is a Canadian mineral exploration company with a strong portfolio of 100-per-cent-owned silver-gold-copper exploration projects in Mexico and British Columbia, Canada. The company's directors and management include industry professionals with a record of identifying and advancing successful mineral exploration projects through to discovery and further development.

We seek Safe Harbor.