CNA

CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE:CNA) announces
its subsidiary Pacific Mobile Inc. has terminated the agreement with Hyundai
Corporation to distribute Hyundai mobile phones in the Philippines effective
immediately. The Company will continue to seek for other business opportunities
in the Pacific Rim countries.


About CanAsia 

CanAsia is Alberta based company listed on the TSXV. It is engaged in the
business of developing unique new business opportunities in the Pacific Rim
countries. The Company is located in Calgary, Alberta of Canada. 


Forward-looking statements: 

This press release may contain forward-looking statements about certain of
CanAsia's current plans, goals and expectations relating to future 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
CanAsia Financial Inc.
James G. Louie
Chief Executive Officer
(403) 870-7383
louiejd@shaw.ca

CanAsia Financial Inc. (TSXV:CNA)
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