Canasia Industries Corporation

Published : May 30th, 2008

INITIATES SUMMER WORK PROGRAM

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Keywords :   Coal | Gold | Growth | Iron | Lead | Silver | Zinc |
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      Canasia Initiates Summer Work Program at Jumbo
=======================================================================

Vancouver, BC Canasia Industries Corporation ("Canasia") announces that
SJ Geophysics Ltd., of Delta, BC, has been retained to implement a
ground-based geophysical survey as part of the 2008 summer work program
on Canasia's Jumbo Gold Property located in southeastern BC. It is
anticipated that crews will be on the ground during the second week of
June.

The work to be done consists of a 3D Induced Polarization/Resistivity
("3DIP") geophysical survey, which will cover approximately 13 line
kilometres and using the 3DIP technique.  The 3DIP survey will consist
of a modified pole-dipole survey with 25 metres dipoles and 50 metres
spaced lines.

The Jumbo Property consists of three claims, (approximately 630
hectares), which cover a north-striking shear zone that cuts an
intrusive feldspar porphyry phase of the Nelson Batholith. The shear
zone hosts an epithermal mineralized zone, with a number of showings
exposed along the access road. The mineralization was explored by past
operators through three short adits, all of which are now collapsed and
covered. Production from the Jumbo property between 1973 and 1983
totaled 53 tonnes, yielding 22,930 grams silver, 531 grams gold, 2,665
kilograms lead and 1,891 kilograms zinc.

Mineralization on the Jumbo property consists of silver-bearing galena,
sphalerite, chalcopyrite and gold in the form of electrum associated
with iron-carbonate and quartz in epithermal veins.  In 1981, two truck
loads mineralized material were shipped to the Trail smelter for
testing. The first truck load assayed 0.368 oz/T gold, 6.25 oz/T silver
and 3.8% lead. The second load assayed 0.412 oz/T gold, 7.1 oz/T silver
and 4% lead. 

The property is situated just east of the Enterprise Mine and west of
Timber Creek on the west side of Kokanee Glacier park. The Enterprise
Mine (owned by others) has produced at least 12,274 Tons which averaged
95 opt silver, 16.5% lead and 21.9% zinc (MINFILE 082FNW148).

Readers should note that the information on historic work performed on
the property disclosed on this release was completed prior to
implementation of National Instrument 43-101, therefore the results
spoken of do not comply with modern reporting standards and should not
be relied upon until such time as additional work is completed on the
property.

Graeme Sewell, a director of Canasia stated, "We are very excited to
begin the 2008 Summer Exploration program on our 100% optioned Jumbo
Gold Property. When you add in our 450,000 potential acres of Potash
claims, our Clone Gold Property in BC, our 92,000 acres of coal leases
under priority application and our interest in almost 200,000 acres on
land contiguous to the recently announced VMS discovery at Reed Lake,
management is very excited to be involved in these highly prospective
plays."

Richard Walker, P.Geo, the qualified person under NI 43-101 for this
project, has approved the technical content of this news release.

Contact Information
Tel: 604  685-5150
Fax: 604 689-1733



"Graeme Sewell"
Director
Canasia Industries Corporation

Disclaimer for Forward-Looking Information

Forward-looking statements consist of statements that are not purely
historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future.  Such statements are
subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained
in the statements.No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if they do
occur, what benefits the Company will obtain from them.  These
forward-looking statements reflect management's current views and are
based on certain expectations, estimates and assumptions which may
prove to be incorrect. A number of risks and uncertainties could cause
our actual results to differ materially from those expressed or implied
by the forward-looking statements, including: (1) a downturn in general
economic conditions in North America and internationally, (2) the
inherent uncertainties and speculative nature associated with mineral
exploration, (3) a decreased demand for minerals, (4) any number of
events or causes which may delay or cease exploration and development
of the Company's property interests, such as environmental liabilities,
weather, mechanical failures, safety concerns and labour problems; (5)
the risk that the Company does not execute its business plan, (6)
inability to retain key employees, (7) inability to finance operations
and growth, (8) inability to obtain all necessary environmental and
regulatory approvals, (9) an increase in the number of competitors with
larger resources, (10) other factors beyond the Company's control; and
(11) the ability of the Company to acquire the services of contract
trades to perform work programs in a timely manner.  These
forward-looking statements are made as of the date of this news release
and the Company assumes no obligation to update these forward-looking
statements, or to update the reasons why actual results differed from
those projected in the forward-looking statements.  Additional
information about these and other assumptions, risks and uncertainties
are set out in the "Risks and Uncertainties" section in the Company's
MD&A filed with Canadian security regulators.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.

This service is intended for dissemination of company information only.
 This is not a solicitation to buy or sell securities. Any decision to
buy or sell securities should be discussed with a professional in the
financial industry. If you would like to be deleted from this service
or feel this message was sent in error, please send an email to
info@canasiaind.com  with delete in the subject line and use the exact
email address as it appears in the email.

=======================================================================
Copyright (c) 2008 CAJ - TSX VENTURE - CANASIA INDUSTRIES  (CAJ)  All
rights reserved.  For more information visit our website at
http://www.canasiaind.com/ or send mailto:info@canasiaind.com
=======================================================================
.

Canasia Industries Corporation

EXPLORATION STAGE
CODE : CAJ.V
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Canasia Industries is a gold and copper exploration company based in Canada.

Its main exploration properties are DEBUT GOLD in USA and CLONE GOLD in Canada.

Canasia Industries is listed in Canada and in Germany. Its market capitalisation is CA$ 1.4 millions as of today (US$ 1.3 millions, € 968 325).

Its stock quote reached its highest recent level on June 13, 2008 at CA$ 0.56, and its lowest recent point on July 07, 2014 at CA$ 0.01.

Canasia Industries has 140 678 000 shares outstanding.

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Project news of Canasia Industries Corporation
7/24/2008(Clone Gold)Drill Additional Gold Prospect
6/5/2008(Reed Lake)Conductors Indicated on Reed Lake Prospect
6/2/2008(Potash)453,058 Acres of Potash Claims Receive Government Approval
5/30/2008(Jumbo Gold)INITIATES SUMMER WORK PROGRAM
5/23/2008(Reed Lake)VTEM Survey on Reed Lake Prospect Received
4/16/2008(Potash)SIGNIFICANT POTASH PRICE INCREASE IN 2008
4/7/2008(Reed Lake)SEVEN NEW CLAIMS ACQUIRED IN REED LAKE, MANITOBA
3/4/2008(Potash)Retains Geological Consulting Group for Potash Development
12/10/2007(Reed Lake) initiates work program on Reed Lake claims in Manitoba
Corporate news of Canasia Industries Corporation
9/19/2012Positive Indications Returned on Murdochville Aluminous Clay...
9/14/2012(Clone Gold)Re-Commences Operations on Clone Gold Prospect
1/29/2010Applies for Land in the Vicinity of (EFG) First Gold Explora...
1/22/2010Commences Mexico Operations
1/18/2010to Commence Primary Winter Gold/Copper Drill Program
1/12/2010Gold prices hit a five-week high
2/25/2008Acquires Option on more than 450,000 Contiguous Acres of Pot...
11/8/2007 Attend Strategic Investment Forum
10/15/2007Acquire Interest in 26,653 Hectares in Reed Lake, Manitoba
9/25/2007Lists on one of the Worlds Largest Stock Exchanges
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