Canasia Industries Corporation Enters Negotiations on Mineral Properties



    Trading Symbols:

    CAJ-Canada
    45C-Germany
    CANSF-USA

    VANCOUVER, Oct. 5 /CNW/ - Canasia Industries Corporation (the "Company")
wishes to announce that it has entered into negotiations involving certain
mineral properties located within North America. A final decision is expected
shortly. Graeme Sewell stated "the goal of the board is to build the assets of
Canasia through the development of existing prospects or acquisition of new
prospects. Management is actively trying to attain this goal and is confident
that additional quality mineral prospects can be added at a time of
historically high commodity prices."
    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

    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.

    %SEDAR: 00009263E




For further information:

For further information: Tel: (778) 328-8848, Fax: (604) 689-1733,
www.canasiaind.com, info@canasiaind.com

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CANASIA INDUSTRIES CORPORATION

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