CNA

CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE:CNA) announces
that it plans to complete a non-brokered private placement of up to 20,000,000
common shares of CanAsia (the "Common Shares") at a price of $0.025 per share
for aggregate gross proceeds of up to $500,000 (the "Share Offering"). 


The Company also announces that it plans to complete a non-brokered private
placement of up to 15,000,000 units of CanAsia (the "Units") at a price of $0.05
per Unit for aggregate gross proceeds of up to $750,000 (the "Unit Offering").
The Units will be comprised of one (1) non-voting series C preferred share of
CanAsia ("Preferred Share") and one-half (1/2) of one share purchase warrant of
CanAsia ("Warrant"). Each Preferred Share will have a hold period of six (6)
months and entitles the holder thereof to one Common Share at no additional cost
to the holder for a period of five (5) years from the date of issuance. Each
whole Warrant entitles the holder thereof to purchase one Common Share for $0.20
per share expiring five (5) years from the date of issuance.


The proceeds of the Share Offering will be used for outstanding payables. The
proceeds of the Unit Offering will be used to explore new business
opportunities. Completion of the Share Offering and Unit Offering is subject to
regulatory approval including, but not limited to, the approval of the TSX
Venture Exchange Inc. The securities issued will be subject to a four month hold
period from the date of issuance pursuant to securities legislation.


About CanAsia 

CanAsia is Alberta based company listed on the TSX Venture Exchange. 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. 


Advisory 

This news release may contain certain forward-looking information and
statements, including without limitation, statements pertaining to the closing
of the offerings including the Company's ability to obtain necessary approvals
from the TSX Venture Exchange. Statements containing the words: 'believes',
'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of
similar meaning are forward-looking. All statements included herein involve
various risks and uncertainties because they relate to future events and
circumstances beyond the Company's control. There can be no assurance that such
information will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking information and
a description of risk factors that may cause actual results to differ materially
from forward-looking information can be found in CanAsia's disclosure documents
on the SEDAR website at www.sedar.com. Any forward-looking statements are made
as of the date of this press release and CanAsia does not undertake to update
any forward-looking information except in accordance with applicable securities
laws.


Neither the 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 release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CanAsia Financial Inc.
James G. Louie
Chief Executive Officer
(403) 870-7383
contactus@canasiafinancial.com

CanAsia Financial Inc. (TSXV:CNA)
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