File: Attachment 250819 NR Canasil AGM Results August 7 2025 Final.pdf

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

NEWS RELEASE www.canasil.com August 19, 2025

Canasil Resources Inc. Announces Results of Annual General Meeting

Vancouver, August 19, 2025 - Canasil Resources Inc. the Company or "Canasil") announces the voting results from its Annual General Meeting of Shareholders held on August 7, 2025, in Vancouver, British Columbia. A total of 25,709,718 shares were represented at the meeting, representing 17.88 per cent of the Company's issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting, including the number of Directors, appointment of auditor for the ensuing year, confirmation of the Company's Stock Option Plan, and the election of management's nominees as Directors.

Results of Votes Cast at Canasil AGM, August 7, 2025

Resolution Votes For % Votes Against % Votes Withheld %

Number of Directors: 25,689,218 99.92 20,500 0.08 - 0.00

Directors:

Alvin Jackson 25,679,218 99.88 - 0.00 30,500 0.12

Gary Nordin 25,679,218 99.88 0.00 30,500 012

Bahman Yamini 25,067,809 97.50 - 0.00 641,909 2.50

Other Resolutions:

Appointment of Auditor 25,682,218 99.89 - 0.00 27,500 0.11

Stock Option Plan 25,074,809 97.53 634,909 2.47 - 0.00

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper exploration projects in Mexico and 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 has filed the Application to the British Columbia Securities Commission (BCSC) together with the associated fees and documents required for the revocation of the Cease Trade Order (CTO), issued on December 6, 2023. The application is currently under review by BCSC with the understanding that there is no change in the Company's business plan and objectives or its share structure, which remain the same as before the issuance of the CTO. The Company plans to apply for a reinstatement of trading on the TSX Venture Exchange and is actively pursuing opportunities to advance its mineral property portfolio.

For further information please contact: Bahman Yamini President and C.E.O. Canasil Resources Inc. Tel: (604) 708-3788 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. page 2/2 News Release, August 19, 2025

This news release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. The reader is referred to the Company's filings with the Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.

File: '\\swfile\EmailIn\20250819 063043 Attachment 250819 NR Canasil AGM Results August 7 2025 Final.docx'

Tel: 604-708 3788

Email: admin@canasil.com

NEWS RELEASE

August 19, 2025 www.canasil.com

Canasil Resources Inc. Announces Results of Annual General Meeting

Vancouver, August 19, 2025 - Canasil Resources Inc. the Company or "Canasil") announces the voting results from its Annual General Meeting of Shareholders held on August 7, 2025, in Vancouver, British Columbia. A total of 25,709,718 shares were represented at the meeting, representing 17.88 per cent of the Company's issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting, including the number of Directors, appointment of auditor for the ensuing year, confirmation of the Company's Stock Option Plan, and the election of management's nominees as Directors.

Results of Votes Cast at Canasil AGM, August 7, 2025

Resolution

Votes For

%

Votes Against

%

Votes Withheld

%

Number of Directors:

25,689,218

99.92

20,500

0.08

-

0.00

Directors:

Alvin Jackson

25,679,218

99.88

-

0.00

30,500

0.12

Gary Nordin

25,679,218

99.88

0.00

30,500

012

Bahman Yamini

25,067,809

97.50

-

0.00

641,909

2.50

Other Resolutions:

Appointment of Auditor

25,682,218

99.89

-

0.00

27,500

0.11

Stock Option Plan

25,074,809

97.53

634,909

2.47

-

0.00

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper exploration projects in Mexico and 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 has filed the Application to the British Columbia Securities Commission (BCSC) together with the associated fees and documents required for the revocation of the Cease Trade Order (CTO), issued on December 6, 2023. The application is currently under review by BCSC with the understanding that there is no change in the Company's business plan and objectives or its share structure, which remain the same as before the issuance of the CTO. The Company plans to apply for a reinstatement of trading on the TSX Venture Exchange and is actively pursuing opportunities to advance its mineral property portfolio.

For further information please contact:

Bahman Yamini

President and C.E.O.

Canasil Resources Inc.

Tel: (604) 708-3788

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.

News Release, August 19, 2025 page 2/2

This news release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. The reader is referred to the Company's filings with the Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.