MAG MAG Silver Corp

Canasil Resources Inc. (TSX VENTURE:CLZ)(FRANKFURT:3CC) ("Canasil" or the
Company) announces that MAG Silver Corp. (TSX:MAG)(NYSE MKT:MVG) ("MAG") has
completed the Phase 2 diamond drill program of 6,501 metres in 12 drill holes on
Canasil's Salamandra Silver-Copper-Zinc-Lead Project in Durango State, Mexico.
Together with the Phase 1 drill program of 3,609 metres in 5 drill holes
reported previously on March 17, 2014, a total of 10,110 metres of drilling have
now been completed in 17 drill holes by MAG under the option agreement. Results
for the Phase 2 drill program are pending. 


MAG has also made the required C$150,000 first anniversary option payment, which
is due on May 27, 2014. As of March 31, 2014, MAG reported a total of
C$2,677,519 in exploration expenditures on the Salamandra project under the
option agreement. 


Canasil-MAG Salamandra agreement:

Under the agreement, MAG has a first option to earn 55% interest in Salamandra
by incurring C$5,500,000 exploration expenditures and C$750,000 cash payments to
Canasil over four years. The first year expenditures of C$1,000,000, which must
include at least 3,000 metres of diamond drilling, will be a firm commitment. On
completion of the first option, MAG will have a second option to earn an
additional 15% interest, for a cumulative 70% interest, by either preparing and
delivering a NI43-101 compliant feasibility study within four years, or by
incurring an additional C$20,000,000 in exploration expenditures over four
years, with a minimum annual expenditure of C$2,500,000.


About Salamandra:

The Salamandra project covers 14,719 hectares and is located 35 kilometres
northeast of the city of Durango. Access is excellent from the city of Durango
via paved and gravel roads. Exploration results to date at the Salamandra
project indicate the potential for a large intrusive-related, carbonate-hosted
massive sulphide skarn/manto replacement system (CRD). Salamandra lies 80
kilometres northwest of Mexico's largest known silver-lead-zinc CRD-skarn
deposits in the Sabinas-San Martin mining camp. Prior drilling by Canasil cut
high-grade zinc and silver mineralization within hornfels which is believed to
overlie the same thick limestone that hosts the nearby San Martin-Sabinas, La
Parilla and La Colorada mines. MAG's exploration program was designed to probe
and develop a better understanding of the scope and size of the system and
development of exploration vectors, so drilling focused on targets 200 to 2,000
metres from previous drilling. Targets included mineralized intrusive breccias,
dike swarms and mineralized structures revealed by MAG's detailed geologic
mapping, geochemical sampling, and reinterpretation of Canasil geophysics. 


About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of
100% owned silver-gold-copper-lead-zinc projects in Durango, Sinaloa and
Zacatecas States, Mexico, and in British Columbia, Canada. The Company's
directors and management include industry professionals with a track record of
identifying and advancing successful mineral exploration projects through to
discovery and further development. The Company is actively engaged in the
exploration of its mineral properties, and maintains an operating subsidiary in
Durango, Mexico, with full time geological and support staff for its operations
in Mexico.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canasil Resources Inc.
Bahman Yamini
President and C.E.O.
(604) 709-0109
admin@canasil.com
www.canasil.com

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