Canuc Announces Extension of Final Closing Date for Private Placement
www.canucresources.ca
6939553 v6
FOR IMMEDIATE RELEASE TSX-V: CDA | CNUCF | WKN: A14 ZX4
April 21, 2025 Shares Outstanding: 182,706,150
ISIN: CA1389093040
Canuc Announces Extension of Final Closing Date for Private Placement
Toronto, Ontario – April 21, 2025 – Canuc Resources Corporation (“Canuc” or the “Company”)
(TSX-V: CDA) (OTCQB: CNUCF) announces that it is extending the final closing date of its
previously announced non -brokered private placement financing (see press releases dated
February 13, March 7, March 26, and April 1, 2025). The new final closing date has been extended
to May 21, 2025.
Proceeds will be used for expenses associated with completing the acquisition of MacDonald
Mines Exploration Ltd. and for the exploration and development of the Company’s new and
existing exploration and development assets.
The final closure of this private placement is subject to acceptance by the TSX Venture Exchange.
About MacDonald Mines Exploration Ltd.
Founded in 1935, MacDonald Mines Exploration Ltd. is a mineral exploration company focused
on the evaluation, acquisition, and development of precious and critical metals properties in
Ontario. The company’s flagship project, the 100% owned SPJ Project, spans 19,710 hectares and
is situated approximately 40 kilometers northeast of the prolific Sudbury Mining Camp. and near
to the extensive infrastructure of the adjacent Sudbury Mining District.
The SPJ Project 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
gold mineralized system and gold bearing tailings. Minerals of interest on SPJ include copper (Cu),
gold (Au), cobalt (Co), nickel (Ni) and rare earth elements (REE). MacDonald Mines Exploration
Ltd. is committed to respon sible and sustainable operations, prioritizing environmental
stewardship, safety, and community engagement.
About Canuc
Founded in 1952, Canuc Resources Corporation is a junior resource company focusing on the San
Javier Silver-Gold Project in Sonora State, Mexico. The San Javier Silver-Gold Project evidences
silver, gold and copper mineralization interpreted to be related to a mineral system that can form
silver dominant IOCG and affiliated deposits. The Company also 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.
For further information please contact:
www.canucresources.ca
6939553 v6
Canuc Resources Corporation
Chris Berlet: (416) 525 – 6869
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 each of Canuc an d/or MacDonald Mines (collectively, the “Corporations”) believes, expects or
anticipates will or may occur in the future including the Corporations respective strategy, plans or future financial or
operating performance, and including statements regarding the completion of or the benefits of the Transaction and
the Arrangement.
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. Factors such as uncertainties regarding government
regulations could also affect the results. Other risks may be set out in the Corporations respective annual financial
statements, MD&A and other publicly filed documents.
The Corporations caution 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. There is
Accordingly, investors should not place undue reliance on forward -looking information. Except as required by law,
the Corporations do 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.