CNA

CanAsia Financial Inc. ("CanAsia") (TSX VENTURE:CNA) announces the appointments
of Dr. Woo-Young Kim as Chief Executive Officer and Chief Technology Officer of
CanAsia, effective March 15, 2012.


Dr. Kim has more than 12 years of senior management experience in both private
and public companies. He was the Chief Technology Officer of Hyundai LCD Ltd. of
Korea and Luxell Technologies Inc., a TSX company in Ontario. He also acts as
technical advisor to Samsung Mobile Display. His track record in the Mobile
Display industry is impressive, from making one of the first Hyundai's OLED for
mobile phone over a decade ago to assisting Samsung Mobile Display and other
Korean companies in their mobile, 3D and lighting products using OLED, LCD and
LED. He received his Ph.D. from Purdue University of USA. He has professorships
at Korea's Hoseo University and Canada's McMaster University. Dr. Kim has been a
Director of CanAsia since May, 2011. He resides in Ontario with his wife and two
children.


CanAsia continues to develop new models of Hyundai mobile phones and seeks
revolutionary mobile technologies, business expertise and capital to support its
growth.


About CanAsia

CanAsia is an Alberta registered company listed on the TSXV. It engages in the
business of original design, manufacture and distribution of Hyundai brand
mobile phones for the Philippines and components of mobile camera modules to
leading mobile phone and computer makers in China. It is one of the six
independent mobile camera module manufacturers in China producing high
resolution camera modules higher than 3 mega pixels. Pacific has an in-house
Class-100 Clean Room facility which is required for state of the art Chip-on-
Board and Chip of Flex technological applications. CanAsia has offices in
Canada, Hong Kong, China and the Philippines. (www.canasiafinancial.com)


Forward-looking statements:

This press release may contain forward-looking statements about certain of
CanAsia's current plans, goals and expectations relating to future sales of cell
phones and financial conditions, performance, results, strategy and objectives.
Statements containing the words: 'believes', 'intends', 'expects', 'plans',
'seeks' and 'anticipates' and any other words of similar meaning are
forward-looking. All forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances beyond CanAsia's control.
As a result, CanAsia's actual financial condition, performance and results may
differ materially from the plans, goals and expectations set out in the
forward-looking statements. Any forward-looking statements are made as of the
date of this release and, other than as required by applicable securities laws,
CanAsia does not assume any obligation to update or revise them to reflect new
events or circumstances.

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