Canasia Industries Corporation V.CAJ

NEWS!!

[trumpmaster]

How did this news go un noticed by stock house!!! August 01, 2007 News Release -------------------------------------------------------------------------------- Canasia Industries Corporation ("CAJ:TSX-V") (the "Company") has retained B. J. Price Geological Consultants Inc. (Barry Price, M.Sc., P.Geo.) to examine the Jumbo silver-gold property situated on Enterprise Creek in the Slocan Mining camp and to prepare a NI 43-101 compliant Technical Report on the property. The Company has entered into an agreement with the property vendor, Syd Berisoff, to acquire 100% of the Jumbo property , subject to completion of a number of cash payments and work commitments. Mr. Berisoff will retain a royalty of 2% NSR, ("Net Smelter Royalty") of which Canasia may purchase one-half for a cash payment of One Million dollars ($1,000, 000), leaving the Optionor with a 1% NSR. On the three claims, which cover approximately 630 hectares, a north-striking shear zone cuts a feldspar porphyry intrusive phase of the Nelson Batholith. The shear zone hosts an epithermal mineralized zone, and a number of showings are exposed along the access road. The mineralization was explored by past operators by 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. In 1981, two truck loads of this mineralization were shipped 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 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. 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% zince (Minfile) Mr. Price took a number of confirmatory samples on the surface showings at the Jumbo Prospect. A work program for the future may involve trenching, mapping, geophysical surveys and drilling. A budget will be finalized when the report is completed. Contact Information Tel: [phone] Fax:[phone] "Graeme Sewell" Director Canasia Industries Corporation We Seek Safe Harbour The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. You can view the Previous News Releases item: Tue Jul 24, 2007, Canasia Geologist Visits Jumbo Prospect