Mr. Bahman Yamini reports

CANASIL GRANTS MANAGEMENT STOCK OPTIONS

Canasil Resources Inc. has applied to the TSX Venture Exchange for approval to grant a total of 5.15 million incentive stock options to directors, officers, advisers and employees. The options will be priced at five cents and will be valid for five years. The company has not granted any incentive stock options since May, 2021, and, in 2025 through to Dec. 31, 2025, a total of 6,975,000 options expired or were cancelled. The proposed options will partially replace the expired options and, if approved and granted, will result in a total of 6.65 million options outstanding as at Jan. 8, 2026. This will represent 46 per cent of the 14,381,428 options available for grant under the company's stock option plan.

We seek Safe Harbor.