Korelin Economics Report

Lawrence Roulston Canasil Update, Resource Opportunities Newsletter

Lawrence Roulston has provided an update on Canasil Resources Inc. (Canasil, TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) in the Resource Opportunities Newsletter July 2014-1 issue. In this update, Mr. Roulston states that “All of the Canasil projects have good exploration potential”, and in particular highlights the potential for Canasil’s Salamandra silver-copper-zinc-lead project in Durango State, Mexico, which is being drill tested under an option agreement between Canasil and MAG Silver Corp. (MAG, TSX: MAG; NYSE-A: MVG). Mr. Roulston refers to results expected from recent MAG drilling at Salamandra, which were released by MAG and Canasil in respective news releases on July 21, 2014, and reported additional silver-copper and pervasive zinc mineralization from the project.

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