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Canasia hires Dahrouge for Eyehill Creek development

2008-03-04 04:07 MT - News Release

Mr. Graeme Sewell reports

CANASIA RETAINS GEOLOGICAL CONSULTING GROUP FOR POTASH DEVELOPMENT

Canasia Industries Corp. 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 prospect consists of 20 metallic and industrial minerals permit (MAIM) applications. These permit applications, which the company anticipates will be granted shortly, encompass approximately 450,000 acres of lands prospective for potash.

The Eyehill Creek potash prospect 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 metres 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 resources on the Eyehill Creek property.

Currently, there is no National Instrument 43-101 report on this property, nor are there proven, indicated or inferred resources. The company plans to initiate a report shortly.

Graeme Sewell, a director of the company, stated: "Adding a quality geological firm to Canasia's team is a positive step forward in regards to the growth of the company. Dahrouge Geological Consulting brings many years of experience that will add tremendous value in terms of evaluating and implementing a work program with the ultimate goal of developing the Eyehill Creek potash prospect. When you couple our potash prospect with the Reed Lake copper prospect expected to have work starting shortly, clearly the company has major corporate developments ahead of it."

Jody Dahrouge PGeo, qualified person has reviewed this news release.