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Canuc Acquires Three Mining Claims

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Executive Summary

Canuc Resources Corporation has completed the acquisition of three mining claims encompassing 72 hectares within its East Sudbury Project (ESP) in the Sudbury region of Ontario. The acquisition represents a strategic expansion of the company's land position in one of Canada's most prolific mining jurisdictions, consolidating its footprint within the broader ESP mineralized corridor that is considered prospective for critical and precious metals mineralization.

The East Sudbury Project now spans 19,782 hectares and is strategically positioned approximately 20 kilometers northeast of the Sudbury Mining Camp, benefiting from proximity to extensive existing infrastructure. The project encompasses several centers of critical and precious metal mineralization interpreted to be related to a mineral system capable of forming IOCG (Iron Oxide Copper Gold) and affiliated critical and precious mineral deposits. Notably, the project includes the historical Scadding Gold Mine and associated tailings project.

Canuc's diversified asset portfolio extends beyond the Sudbury region, including the San Javier Silver-Gold Project in Sonora State, Mexico, covering 1,052 hectares with extensive silver, gold and copper mineralization. The company also generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, where it holds interests in eight producing wells, and receives a 4% Net Smelter Royalty from gold production at the Scadding Gold Tailings Project.

The acquisition aligns with Canuc's strategy of expanding exposure to highly prospective ground in globally recognized mining camps. The newly acquired claims will be integrated into ongoing exploration initiatives, including upcoming exploration and geophysical programs, positioning the company to advance its understanding of the mineralization potential across the expanded land package. This strategic consolidation enhances Canuc's ability to capitalize on the significant exploration upside within the Sudbury region while maintaining its diversified operational profile across multiple jurisdictions and commodities.
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