Canasia to Attend Strategic Investment Forum

    Trading Symbols:

    CAJ - Canada
    45C - Germany

    VANCOUVER, Nov. 8 /CNW/ - Canasia Industries Corporation (the "Company")
wishes to announce that it will be attending the Mid-Canada Investment Forum
2007 in Winnipeg, Manitoba on November 13, 2007. The Mid-Canada Investment
Forum is a new conference dedicated to the investment community and
publicly-traded companies operating in Central-Canada. Company officials will
be attending a corporate booth at the Fairmont Hotel from 10:00am to 6:00pm
and invite any and all interested individuals to attend.
    Recently, Canasia announced that it has acquired a 50% interest in the
Reed Lake claims in Manitoba. In addition, the Company announced that it had
increased its land holdings to 196,210 acres in the area. The Company now has
a land package in excess of 194,010 acres that is contiguous to the south and
west, and 2,200 acres contiguous to the north of the VMS Ventures Inc.'s
property, which on October 4, 2007, announced assays of 2.50 metres (8.2 feet)
of 15.30 per cent copper, within 10.50 metres (34.4 feet) of 11.19 per cent
copper, within 22.25 metres (72.9 feet) of 7.75 per cent copper, within
43.05 metres (141.2 feet) of 4.38 per cent copper.
    Graeme Sewell, a director of the Company stated, "We look forward to
being able to meet many of our new shareholders in person at this show. Since
announcing our Reed Lake acquisitions and planned drill program, the Company
has had a substantial increase in interest from investors in Manitoba and
throughout Canada. We encourage all shareholders and potential shareholders to
attend the conference and meet Canasia's management in person."
    If you would like to be added to Canasia's news distribution list, please
send your email address to

    "Graeme Sewell"
    Canasia Industries Corporation

    Disclaimer for Forward-Looking Information

    Certain statements in this release are forward-looking statements, which
reflect the expectations of management regarding the Company's ability to
close the Purchase and Sale Agreement. 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; (11) the failure of the
Letter of Intent or Letter Agreement to close for any reason; and (12) 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

For further information:

For further information: Tel: (778) 328-8848, Fax: (604) 689-1733,,

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