Canasil Resources Inc. announced results from the fourth core drill hole of the 2021 follow up drill program, NRC-21- 12, testing below and between the 2020 maiden drill intercepts on the Candy vein at the Nora silver-gold project in north-central Durango State, Mexico. Core drill hole NRC-21-12, targeted the Candy vein structure approximately 60 metres (`m') down dip below NRC-21-11, and 60 m south of and at the same elevation as NRC-21-09. NRC-21-12 intersected a 12.50-metre mineralized structure with high average gold and silver grades, including multiple bands consistently carrying very high gold and silver grades. The high-grade mineralized bands in core drill holes NRC-21-09 and NRC-21-12 are defining the highest-grade zone of the Candy vein structure, and point to increasing grades and widths to depth, and along strike to the north of the central panel tested to date. Follow up drilling will target as a priority the zone below NRC-21-09 and NRC-21-12, as well as the untested section along strike to the north of drill holes NRC-20-06 and NRC-21-09. The six 2020 core drill holes, NRC-20-01 to NRC-20-06, and the four 2021 core drill holes to date, NRC-21-09 to NRC-21-12, have all cut the Candy vein structure returning gold and silver mineralization over a strike distance of 500 m of the potential 3-kilometre strike, and to a depth of 200 m. The 2021 core drill holes have confirmed very high gold and silver values within the central 125-metre mineralized panel, extending it to a depth of 200 m below surface. There has been no historical drilling at the Nora project and the 2020 and 2021 drill programs are the first ever drill programs within the project area. The consistently high gold and silver grades within wide mineralized structures, together with the relatively low base metal values, confirm the upper levels of a strong gold-silver mineralized system which is open for significant expansion along strike and to depth. The drill program was implemented by the Company's exploration team in Mexico under the direction of Eng. Erme Enriquez (CPG). All core samples are logged and prepared at the company's core storage facility in Durango, Mexico, and sent to ALS Laboratories in Zacatecas, Mexico, for preparation and then on to ALS Global in Vancouver for gold and silver analyses by fire assay with an atomic absorption finish ("FA-AA") on a 30 gram split, and for silver, copper, lead, zinc and trace elements by ICP analysis following digestion of 0.50 gram sample in aqua regia. Over limit silver and copper are assayed using an aqua regia digestion, followed by ICP-AES or AAS finish, and over limit gold and silver assayed by gravimetric finish (Au-GRA21 and Ag-GRA-21). The Company's QA/QC program includes inserting certified analytical standards and blanks into the sample batches, and the subsequent diligent monitoring of results for quality analytical assurance.