Canasia Industries Corporation

Published : April 16th, 2008

SIGNIFICANT POTASH PRICE INCREASE IN 2008

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Relevant POTASH News:

Mr. Bill Doyle reports April 16, 2008

POTASHCORP ANNOUNCES SIGNIFICANT POTASH PRICE INCREASE IN 2008 CANPOTEX, SINOFERT AGREEMENT

Potash Corp. of Saskatchewan Inc. (PotashCorp) has learned that Canpotex Ltd., the offshore marketing company for Saskatchewan potash producers, and Sinofert Holdings Ltd. (Sinofert), a leading fertilizer enterprise in the People's Republic of China (PRC), have reached agreement on 2008 potash pricing at $400 (U.S.) per tonne higher than in 2007. As previously reported (see news issued in Stockwatch), Canpotex has prorated China's 2008 volumes and, as a result of the timing of this settlement and unprecedented demand in other markets, has only one million tonnes that it can commit to Sinofert through the remainder of this year.

"Significantly higher potash prices and extraordinarily tight supply have become much more firmly entrenched since China's previous contract was signed 14 months ago," said PotashCorp president and chief executive officer, Bill Doyle. "With the intense pressure on global food production and continued growth in potash demand, this is the reality for our industry for the foreseeable future."

ABOUT CANASIA

Thank you for your interest in Canasia Industries Corporation (CAJ-V). I have included some information on our current projects and most current news releases below.

This is a very exciting time for Canasia Industries with the recent acquisition of an option agreement to acquire a 100% interest, in the 450,000 acre Eyehill Creek POTASH Property, which consists of 20 Metallic and Industrial Minerals Permit (MAIM) Applications, located along the Saskatchewan-Alberta border.

Canasia also has a substantial land package of over 196,000 acres at Reed Lake, Manitoba, less than 3KM from a recent world class copper discovery. A work program has now been initiated including an active V-TEM airborne survey and full scale drill program.

CANASIA INDUSTRIES CORPORATION (CAJ-V) (CANSF-USA)

1205 - 789 West Pender Street

Vancouver B.C. V6C1H2

Tel: 1 877 428 8848

www.canasiaind.com

CURRENT PROJECTS�

EYEHILL CREEK POTASH

The company has signed an option agreement to acquire a 100% interest, in the Eyehill Creek Potash Property, which consists of 20 Metallic and Industrial Minerals Permit (MAIM) Applications along the Saskatchewan-Alberta border.

These permit applications, which the Company anticipates will be granted shortly; encompass approximately 450,000 acres of lands prospective for potash. Recently, the company has hired Dahrouge Geological Consulting Ltd. to assist in the evaluation and implementation of a work program on the Eyehill Creek Potash Prospect.

The Eyehill Creek Potash Property is underlain at depth by the Prairie Evaporite Formation, the uppermost unit of the Elk Point Group. The Prairie Evaporite Formation occurs extensively across the plains region of western Canada, where individual potash beds can be up to seven meters thick.

The Potash-bearing beds of the Prairie Evaporite Formation are shown to project into the Eyehill Creek Property by Hamilton (1971), while Hamilton and Olson

(1994) document a Potash Showing on the property. Most of the recorded Potash Exploration in Alberta occurred between 1965 and 1968. The Company believes that there is potential for the discovery of significant Potash occurrences within the Eyehill Creek Property. Currently, there is no NI43-101 report on this property, nor are there proven, indicated or inferred resources. The Company plans to initiate a compilation of all historic exploration data for the area, and the completion of a NI43-101 report.

REED LAKE COPPER

The Reed Lake mineral claims are located in the Snow Lake District in the province of Manitoba.

Canasia Industries Corporation has recently acquired over 196,210 acres of land at Reed Lake, contiguous to the north, south, and west of VMS Ventures Inc.'s copper discovery which on October 4, 2007, announced assays of 2.50 metres (8.2

feet) of 15.30% copper, within 10.50 metres (34.4 feet) of 11.19% copper, within 22.25 metres (72.9 feet) of 7.75% copper, within 43.05 metres (141.2

feet) of 4.38% copper.

The Reed Lake volcanogenic massive sulphide (VMS) mineralized zone is overlain by distinctive layers of magnetite and chert. The rocks that underlie and contain the sulphide are moderately to intensely altered felsic volcanic rocks.

This type of mineralization is typical of other VMS deposits including those in the prolific Snow Lake camp and the nearby Spruce Point mine, formerly operated by HUD Bay Minerals.

Canasia Industries Corporation's mineral claims at Reed Lake constitute one of the largest contiguous land packages of any company that is exploring in the region. Making an acquisition of this significant acreage contiguous to a potential new discovery is extremely positive for Canasia's management and shareholders. A work program has now been initiated, including a VTEM survey identical to the VMS survey, in order to delineate drill targets for an upcoming drill program.

www.canasiaind.com/s/reedlake.asp

www.canasiaind.com/i/pdf/ReedLakeDiscovery.pdf

 

JUMBO GOLD

The Jumbo property is centered approximately 14 kilometers northeast of the town of Slocan, in the prolific Slocan Mining Division of SW British Columbia.

Canasia has recently engaged Dynamic Exploration Ltd. to initiate the first phase of the work program on the Jumbo Gold Prospect. The work program will consist of both soil and ground geophysical surveys, it is anticipated that up to 600 samples will be taken from the property for analysis. Further, it will include the clearing of old cat-roads, re-cutting the baseline, and establishing a new grid.

Permitting has commenced on the Jumbo Prospect. These permits will allow Canasia�s geological crew access to the property to perform and I.P. survey and further mapping and trenching over the company�s JBZ1 and JBZ2 zones of known mineralization.

The Jumbo property is a major focus of Canasia industry Corporation�s 2008 exploration program.

www.canasiaind.com/s/JumboGold.asp

DEBUT GOLD

The Debut Gold Property is located within the Delker Mining District of NE Nevada and lies approximately 96 miles SE of the town of Elko.

The geologic setting of the Debut is nearly identical to the nearby deposits of Alligator Ridge Mine (48 miles) and Bald Mountain Mine (38 miles), the later of which has, to date, reserves of 440,000 oz AU ($272 mill).

Canasia Industries Corporation entered into an option agreement with Golden Patriot Corp for the Debut in December, 2006. Terms of the option require Canasia Industries Corporation to spend $1,000,000 in exploration over the next ten years to vest a 50% interest in the property

www.canasiaind.com/s/DebutGold.asp

CLONE GOLD

The Clone property is situated within the densely mineralized belt of NW British Columbia referred to as both the Eskay Creek/Stewart Region, or the Golden Crescent.

In November 2005 Canasia Industries Corp entered into an option agreement with Teuton Resources Corp and Silver Grail Resources Corp, the owners of the Clone Property.

The first half of Canasia Industries Corporation�s drill program has been completed.

All 7 holes of the 3,240 foot, 2006 drill program cut gold-bearing intercepts, varying in length from 3 to 35.5 feet.

www.canasiaind.com/s/CloneGold.asp

 

 

 

 

Canasia Industries Corporation

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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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