Canasia Industries Corporation: High Probability of Potash-Bearing Beds Underlying the Eyehill Creek Property

VANCOUVER, BRITISH COLUMBIA, Apr 07 (MARKET WIRE) --
Canasia Industries Corporation ("Canasia") (TSX VENTURE: CAJ) (OTCBB:
CANSF) (FRANKFURT: 45C) has engaged Boyd PetroSearch of Calgary, Alberta
for the analysis of the pre-existing seismic data on lands presently
within the Eyehill Creek Property ("the Property"). Boyd PetroSearch is a
national leader in seismic analysis, specializing in mapping potash zones
for risk analysis and mine planning. The interpretation of the data is
expected to be completed in the Second Quarter of 2009, at which time a
more detailed proposed drill plan will be evaluated with the expectation
to commence drilling shortly thereafter.

According to the pending 43-101 compliant report submitted by Jocelyn
Klarenbach, P.Geol., "The analysis of well logs has revealed a high
probability of potash-bearing beds underlying the Eyehill Creek Property.
More specifically, it appears the east-central and southeastern areas of
the property have very high potential for economic-grade potash beds.
Gamma-ray responses from historic oil and gas wells suggest that the
grades of potash-bearing beds underlying the property could attain grades
of up to approximately 25% K2O across thicknesses of 1 to 3 metres. These
responses all occur in the uppermost 60 metres of the Prairie Evaporite
Formation, which correspond to descriptions of potash deposits in
Saskatchewan (Holter, 1969)." A copy of the report will be filed on SEDAR
on April 7, 2009.

Graeme Sewell, a director of Canasia stated, "Management is encouraged
that the Eyehill Creek Potash Project has potential for economic
concentrations of Potash, in an industry friendly province such as
Alberta, where the tax regime and royalty structure is far more favorable
than other locations within Canada. This economic environment combined
with the immense size of the project (453,058 acres) and indications of
historic potash mineralization at depths favorable for solution mining,
bode very well for the future of this project. The company intends to
aggressively pursue the development of this project given its belief that
agricultural products and foodstuffs could experience significant
inflation over the next several years. Canasia is a well diversified
junior exploration company with active operations in coal, copper and
gold."

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

Disclaimer for Forward-Looking Information

Forward-looking statements consist of statements that are not purely
historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such statements are
subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in
the statements. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if they do
occur, what benefits the Company will obtain from them. These
forward-looking statements reflect management's current views and are
based on certain expectations, estimates and assumptions which may prove
to be incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied by
the forward-looking statements, including: (1) a downturn in general
economic conditions in North America and internationally, (2) the
inherent uncertainties and speculative nature associated with mineral
exploration, (3) a decreased demand for minerals, (4) any number of
events or causes which may delay or cease exploration and development of
the Company's property interests, such as environmental liabilities,
weather, mechanical failures, safety concerns and labour problems; (5)
the risk that the Company does not execute its business plan, (6)
inability to retain key employees, (7) inability to finance operations
and growth, (8) inability to obtain all necessary environmental and
regulatory approvals, (9) an increase in the number of competitors with
larger resources, (10) other factors beyond the Company's control); and
(11) the ability of the Company to acquire the services of contract
trades to perform work programs in a timely manner. These forward-looking
statements are made as of the date of this news release and the Company
assumes no obligation to update these forward-looking statements, or to
update the reasons why actual results differed from those projected in
the forward-looking statements. Additional information about these and
other assumptions, risks and uncertainties are set out in the "Risks and
Uncertainties" section in the Company's MD&A filed with Canadian security
regulators.

The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of the content of this
news release.

Contacts:
Canasia Industries Corporation
Graeme Sewell
Director
1-877-225-6755
(604) 689-1733 (FAX)
Email: info@canasiaind.com
Website: www.canasiaind.com

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