CanAsia Announces Termination of Proposed Transaction

CALGARY, ALBERTA -- (Marketwired) -- 04/28/16 -- CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE: CNA) wishes to announce the termination of the proposed acquisition by CanAsia of all of the outstanding shares of Global Neuro Technologies Inc. as previously disclosed in news releases issued on October 9, 2013, February 10, 2014, August 29, 2014, March 2, 2015, March 25, 2015, May 7, 2015, June 24, 2015, August 11, 2015 and December 22, 2015.

The Company will issue a further news release in respect of the resumption of trading of its securities.

About CanAsia

CanAsia is an 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.

Advisory

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the resumption of trading of the Company's securities. 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.

Contacts:
CanAsia Financial Inc.
James G. Louie
Chief Executive Officer
(403) 870 7383
[email protected]

Source: CanAsia Financial Inc.

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