CANASIA INDUSTRIES CORPORATION

Suite 1470 � 701 West Georgia Street

Vancouver, BC V7Y 1C6

January 12, 2010

Trading Symbols:

CAJ�Canada

45C�Germany

CANSF�USA

Canasia to Commence Primary Winter Gold/Copper Drill Program

Canasia Industries Corporation (�Canasia�) wishes to announce that operations on the Reed Lake copper/gold prospect are now underway.  The operator has contracted Koop Geotechnical Services to undertake a large Loop Time Domain EM geophysical survey on three targets areas on its Reed Lake Prospect. The survey will consist of 46 line kilometers of Time-Domain Electromagnetics at 25 meter spacing and a magnetometer survey at 25 meter spacing. The large Loop Time Domain EM developed by Crone Geophysics is the same system used in 2007 by HudBay Minerals to discover the Lalor Lake deposit at a depth of approximately 800 meters. 

The Reed Lake Prospect consists of 55,300 contiguous acres at Reed Lake, Manitoba  The property is, strategically located around 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.

Negar Towfigh, President of Canasia stated, �It is great for operations to now be underway on the Reed Lake Prospect.  This is our primary winter drill program and it is one of our top prospects within Canasia�s stable of ongoing projects.  The Flin Flon Belt has been an active region this year and we are looking forward to re-commencing work on this important copper/gold project  as well as being active on multiple other prospects.�

The technical information in this new release has been reviewed by Derrick Strickland, P.Geo., the qualified person for the Reed Lake Prospect.

If you would like to be added to Canasia�s news distribution list, please send your email address to info@canasiaind.com

Canasia Industries has a well diversified portfolio of prospects. Canasia's current prospects include the following: (a) The Clone Gold prospect in Stewart, BC, that has returned grades as high as 44.75 g/t Au over 12.80 metres (announced October 22,2009); (b) The Debut Gold prospect in NE Nevada; (c) 55,300 contiguous acres at Reed Lake, Manitoba; (d) 450,000 contiguous acres of Potash claims, bordering Alberta and Saskatchewan; (e) 130,500 acres prospective for Coal in SE Saskatchewan; (f) 180,000 acres prospective for Lithium in Alberta; (g) and three mineral claims covering an area of approximately 31,602 hectares, located north and northwest of the El Oro -- Tlalpujahua Gold/Silver belt in the states of Guanajuato and Michoacan, Mexico.

Contact Information

Tel: 1877  2256755

Fax: 1604 689-1733

www.canasiaind.com

info@canasiaind.com

�Negar Towfigh�
President, Director
Canasia Industries Corporation

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.