Canasia Industries Corporation ("Canasia" CAJ:TSX.V ) is pleased to announce that it has been informed by Dahrouge Geological Consulting Ltd. that the potash permit applications have been processed and have received government approval. These permits encompass 453,058 acres of lands prospective for potash located on the Saskatchewan, Alberta border. A work program on this prospect will now be formulated with the goal of establishing a NI 43-101 compliant report in the near future.

Graeme Sewell, a director of Canasia stated, "This is fabulous news. Canasia may be one of the smallest capitalized public companies that have exposure to government approved potash claims. This may offer the shareholders tremendous leverage into a fast growing sector. When you also factor in our gold/copper upcoming summer drill programs and our potential coal claims, Canasia has exposure to multiple prospects that alone may offer significant shareholder value. The summer is going to be an extremely active period of potential corporate growth for Canasia."

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

"Graeme Sewell" - Director
Canasia Industries Corporation

Canasia's Additional Corporate Highlights:

Reed Lake Prospect:

Canasia has an interest in almost 200,000 acres in this prospect near Reed Lake Manitoba. This prospect is directly contiguous to a recent discovery announced by VMS Ventures (May 22, 2008), with intercepts including 18.99 metres (62.3 feet) of 7.10 per cent copper and 0.17 per cent zinc. The exciting aspect of VMS's announcement in regards to Canasia is that according to their news, the mineral zone appears to be continuing open to the west, which is trending to our property. Drilling is anticipated to commence in June on this prospect.

Coal Prospect:

Canasia has applied for approximately 92,000 acres in mid-central Saskatchewan. These permits are in close proximity to the potential near-surface coal discovery by Goldsource Mines Inc. in an area 50 kilometres north ofHudson Bay, Sask. Canasia has already received a letter of comfort from the Saskatchewan Government and anticipates that final acceptance will be announced in June.