Mr. Bahman Yamini reports

CANASIL RECEIVES CONFIRMATION OF FULL REVOCATION OF CEASE TRADE ORDER

The British Columbia Securities Commission (BCSC) has approved Canasil Resources Inc.'s application for the revocation of the cease trade order (CTO) issued on Dec. 5, 2023, as a result of the company's failure to file its interim financial statements for the period ended Sept. 30, 2023. The company filed: (i) its audited financial statements, management discussion and analysis (MD&A), and related certifications for the years ended Dec. 31, 2023, and 2024 on May 28, 2025; and (ii) its interim financial statements, associated MD&A, and related certifications for the period ended March 31, 2025, on June 10, 2025. This brings the company's required financial filings up to date. The full revocation of the CTO is a very positive development leading to a return to normal trading of the company's securities. The financial disclosure documents are available for review on-line under the company's profile on SEDAR+.

Following confirmation of the full revocation of the CTO on Sept. 5, 2025, the company immediately applied to the TSX Venture Exchange for reinstatement of trading. The application is currently under review, and the company is waiting for notification with regard to the date of reinstatement of trading.

The company's business structure and objectives have not changed and remain the resumption of normal operations aimed at advancement of its mineral property portfolio in British Columbia, Canada, and in Durango and Zacatecas states, Mexico. The company is actively reviewing its mineral property portfolio for opportunities to advance them. Furthermore, there has been no change in the company's share structure, with no rollbacks or other restructuring that would affect shareholders' holdings from prior to the CTO.

The company would like to thank everyone involved in completing and filing its financial disclosure documents and with the process of reviewing and approving the revocation order covering the CTO. The company looks forward to full resumption of its activities and opportunities provided by the return to normal trading activities for its securities.

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.