CANASIA ANNOUNCES DECEMBER 31, 2023 CONTINGENT BITUMEN RESOURCES FOR SAWN LAKE, ALBERTA SAGD PROJECT OF ANDORA ENERGY CORPORATION AND SELECTION OF ANDORA ENERGY CORPORATION AS SUCCESSFUL BIDDER TO ACQUIRE ADDITIONAL SAWN LAKE ASSETS FROM RECEIVERSHIP

CALGARY, AB, April 29, 2024 /CNW/ – CanAsia Energy Corp. (“CanAsia”) (TSXV: CEC), on behalf of its wholly owned subsidiary Andora Energy Corporation (“Andora”), is pleased to release the December 31, 2023 Contingent Bitumen Resources Report (“Resources Report”) which is a National Instrument 51-101 compliant resources evaluation for Andora’s oil sands interests at Sawn Lake Alberta, Canada, as evaluated by independent qualified reserves evaluator Sproule Associates Limited (“Sproule”).  The evaluation included all of Andora’s Oil Sands Leases at Sawn Lake based on exploitation using Steam Assisted Gravity Drainage (“SAGD”).

CanAsia…