CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE:CNA) announces
that further to its press release dated October 9, 2013, whereby the Company
announced it will acquire all of the outstanding shares of Global Neuro
Technologies Inc. ("GNT") by issuing to the shareholders of GNT a total of
714,285,714 units of CanAsia (the "Units") at a deemed value of $0.07 per Unit
for an aggregate consideration of CDN$50 million (the "Proposed Acquisition"),
the Company has paid to GNT a deposit of $500,000 (the "Deposit"). 


GNT, together with GNT Pharma Co. Ltd. ("GNTP") (a South Korean company), AmKor
Pharma Co. Ltd. (a Delaware company) ("AmKor"), GNT Holdings Co. Ltd. (a South
Korean company) ("GNTH"), the parent company of GNTP, AmKor, and the GNT group
of companies (together the "GNT Group"), and Dr. Byoung Joo Gwag, have provided
an undertaking to refund the Deposit if the Proposed Acquisition is not
completed by June 30, 2014. The Deposit will be fully refundable to CanAsia if
the Proposed Acquisition cannot be completed on or before June 30, 2014 or GNT
terminates the Proposed Acquisition at any time.


The Company announces that it is proceeding with the Proposed Acquisition and is
in continuing discussions with potential financiers and sponsors.


The Company will issue a future press release or press releases setting out the
financial statements for GNT, details of financing arrangements and information
on the directors and officers of the Company continuing after the completion of
the Proposed Acquisition.


The trading of the common shares of the Company was halted and, pursuant to the
rules of the TSX Venture Exchange (the "Exchange"), the halt in trading is
expected to continue until the completion of the Proposed Acquisition and the
minimum listing requirements of the Exchange are met or such earlier time as may
be allowed by the Exchange. Sponsorship pursuant to rules of the Exchange may be
required. The Company has not yet engaged a sponsor.


Completion of the Proposed Acquisition is subject to a number of conditions,
including Exchange acceptance and disinterested shareholder approval. The
Proposed Acquisition cannot close until the required Exchange and shareholder
approval is obtained. There can be no assurance that the Proposed Acquisition
will be completed as proposed or at all. 


Investors are cautioned that, except as disclosed in the management information
circular to be prepared in connection with the Proposed Acquisition, any
information released or received with respect to the Proposed Acquisition may
not be accurate or complete and should not be relied upon. Trading in the
securities of the Company should be considered highly speculative. 


The TSX Venture Exchange has in no way passed upon the merits of the Proposed
Acquisition and has neither approved nor disapproved the contents of this press
release. 


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 Proposed
Acquisition including the Company's ability to obtain financing and the
necessary approvals, including regulatory approvals. 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
louiejd@shaw.ca
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