Canasil Resources Inc. announced a private placement for a total 10,000,000 shares at an issue price of CAD 0.05 per share for gross proceeds of CAD 500,000 on January 12, 2026. There will be no warrants included in this placement and the company may pay a commission or finder's fee on part of the proceeds. Certain insiders and existing shareholders will participate in this placement.

The company anticipates closing of this placement as soon as possible and before January 23, 2026.