Canuc Acquires Three Mining Claims

Rhea-AI Summary

Canuc Resources (TSXV: CDA / OTCQB: CNUCD) acquired three additional mining claims totalling approximately 72 hectares within its East Sudbury Project (ESP) in Sudbury, Ontario on March 11, 2026. The claims lie inside the ESP mineralized corridor and are integrated into ongoing exploration and geophysical programs.

The technical disclosure was reviewed by Seymour Sears, P.Geo., a non-independent qualified person as defined by NI 43-101.

Positive

• Added 72 hectares of claims to East Sudbury Project
• Claims lie within established ESP mineralized corridor
• New claims integrated into ongoing exploration and geophysical programs

Negative

• No purchase price or transaction terms disclosed for the claim acquisition
• Technical review provided by a non-independent qualified person

News Market Reaction – CNUCD

-6.39%

1 alert

-6.39% News Effect

On the day this news was published, CNUCD declined 6.39%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - March 11, 2026) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCD) (WKN: A41V6H) ("Canuc" or the "Company") is pleased to announce that the Company has successfully acquired three (3) additional mining claims located within the East Sudbury Project (ESP) in the Sudbury, Ontario region. The newly acquired claims total approximately 72 hectares and further expand the Company's strategic land position in the area.

The additional claims are situated within the broader East Sudbury Project (ESP) mineralized corridor and are considered prospective for critical and precious metals mineralization. The acquisition strengthens Canuc's footprint in one of Canada's most prolific mining jurisdictions and complements the Company's existing exploration initiatives in the Sudbury region.

"The acquisition of these claims consolidates Canuc's land position within the East Sudbury Project (ESP) and is consistent with our strategy of expanding exposure to highly prospective ground in this globally recognized mining camp," stated Chris Berlet President and CEO of Canuc Resources Corp.

The Company has integrated these newly acquired claims into ongoing exploration initiatives including the upcoming exploration and geophysical programs.

The technical information in this release has been reviewed and approved by Seymour Sears, B.A., B.Sc., P.Geo, a non-independent qualified person as defined by NI 43-101, who is currently managing exploration activity on the ESP Project.

About Canuc Resources Corporation

Canuc Resources Corporation is a junior resource company developing its 100% interest in the East Sudbury Project ("ESP") which spans 19,782 hectares and is centered approximately 20 kilometers northeast of the Prolific Sudbury Mining Camp and near to the extensive infrastructure of the adjacent Sudbury Mining District. ESP encompasses several centers of critical and precious metal mineralization interpreted to be related to a mineral system that can form IOCG and affiliated critical and precious mineral deposits. Included within the Project is the historical Scadding Gold Mine and associated Scadding Gold Tailings Project.

Canuc also holds a 100% interest in the San Javier Silver-Gold Project located in Sonora State, Mexico. The San Javier Silver-Gold Project spans 28 claims covering 1,052 hectares and evidences extensive silver, gold and copper mineralization interpreted to be related to a mineral system that can form silver-dominant IOCG and affiliated deposits.

Canuc generates cash flow from natural gas production at its MidTex Energy Project located in Central West Texas, USA where Canuc has an interest in eight (8) producing natural gas wells and has rights for further in field developments. The Company also receives a 4% Net Smelter Royalty from gold production at the Scadding Gold Tailings Project located on Mining Claim LEA 107735 within the ESP property group.

For further information please refer to the Company website: www.canucresources.ca

Christopher J. Berlet B.A.Sc.(Mining), CFA, CEO & Director of Canuc, is responsible for the content of this press release.

For further information please contact:

Canuc Resources Corporation
(416) 525 - 6869
cberlet@canucresources.ca

For information on Bell Geospace and FTG surveys please contact:
bmain@bellgeo.com

Forward-Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.

When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288019

FAQ

What did Canuc (CNUCD) announce on March 11, 2026 about its East Sudbury Project?

Canuc announced acquisition of three mining claims totalling about 72 hectares within the East Sudbury Project. According to the company, the claims lie inside the ESP mineralized corridor and have been added to ongoing exploration and geophysical programs.

How large are the new mining claims Canuc (CNUCD) acquired in the Sudbury region?

The newly acquired claims total approximately 72 hectares added to Canuc's East Sudbury Project. According to the company, the area expands its strategic land position within a mineralized corridor in Sudbury, Ontario.

Will Canuc (CNUCD) explore the newly acquired East Sudbury Project claims this year?

Yes. The company integrated the new claims into ongoing exploration and geophysical programs. According to the company, the claims are now part of current field plans and upcoming survey work on the ESP.

Did Canuc (CNUCD) disclose the purchase price for the three new Sudbury claims?

No purchase price or transaction terms were disclosed in the announcement about the three claims. According to the company, only the claim area and integration into exploration programs were provided.

Who reviewed the technical information for Canuc's (CNUCD) East Sudbury claim acquisition?

The technical information was reviewed and approved by Seymour Sears, B.A., B.Sc., P.Geo., a non-independent qualified person under NI 43-101. According to the company, he is managing exploration activity on the ESP project.