CANASIA INDUSTRIES CORPORATION

789 West Pender Street, Suite 1205

Vancouver, BC V6C 1H2

April 7, 2008

Trading Symbols:

CAJ�Canada

45C�Germany

CANSF�USA

SEVEN NEW CLAIMS ACQUIRED IN REED LAKE, MANITOBA

Vancouver, B.C. Canasia Industries Corporation (the �Canasia�) and its joint venture partner, International Samuel Exploration Corp. (�Samuel�), have entered into an option to acquire 100% interest in seven claims totaling 3,736 acres in the Reed Lake Area of Manitoba. This acquisition has increased the joint venture holdings to a total 199,736 acre.  

The property is strategically located  8 kilometers North east from the VMS Ventures Inc. base metal discovery in the historic and very prolific Flin Flon mining camp, with more than 27 significant mineral deposits continuously discovered over the past 75 years. The most recent discovery is HudBay's Lalor Lake property, with 20 million tonnes of 8.8 per cent zinc.

The Reed Lake property is jointly owned 50-50 between Canasia and Samuel, which is adjacent to the VMS Ventures discovery in the Flin Flon district of Manitoba.

Under the option agreement terms the joint venture partners have agreed to spend a total of $300,000 on exploration, issue 300,000 shares and pay the vendor $100,000 over a four year period, subject to TSXV approval

This acquisition reflects the on going efforts of the joint venture partners to aggressively pursue further land acquisitions in this highly prospective green stone belt area of Manitoba.

Contact Information

Tel: 778 328-8848

Fax :604 689-1733

www.canasiaind.com

info@canasiaind.com

�Graeme Sewell�

Director

Canasia Industries Corporation

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company�s ability to close the Purchase and Sale Agreement.  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; (11) the failure of the Letter of Intent or Letter Agreement to close for any reason; and (12) 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.

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