Canuc Announces Final Payment on El Tule 1 Claim
www.canucresources.ca
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FOR IMMEDIATE RELEASE TSX-V: CDA | CNUCF | WKN: A14 ZX4
October 8th, 2019 Shares Outstanding: 62,264,150
ISIN: CA1389093040
Canuc Announces Final Payment on El Tule 1 Claim
Canuc Resources Corporation (“ Canuc” or the “ Company”) (TSX-V: CDA) is pleased to
announce that it has completed its final payment to Minerales y Carbones de México SA de CV
for the El Tule 1 claim. The agreement to purchase the claim was made in October 2017, and the
claim purchase has expanded the Company’s San Javier project area by 151.14 ha. (373.47 acres).
Canuc now holds 17 contiguous claims along the San Javier mineralized corridor extending to 3
km from the historical Santa Rosa mine workings. Earlier exploration has determined that silver-
gold mineralization strengthens to the northeast and in the direction of the El Tule 1 claim. Silver
bearing breccia and stockwork zones have previously been confirmed in this area (May 22nd, 2018
press release). The confirmation of silver-gold bearing breccia zones, uncovered on surface to date,
greatly enhances prospects for a significant mineral discovery at San Javier.
With completion of the final payment, the Company has secured a 3 km strike length along the
San Javier mineralized corridor. The contiguous claim position covers both highly prospective
breccia zones and down dip vein extents of the high-grade stacked vein system.
San Javier Silver-Gold Project (17 Contiguous Claims)
www.canucresources.ca
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About Canuc
Canuc is a junior resources company holding the San Javier Silver-Gold Project in Sonora State,
Mexico. The Company generates cash flow from natural gas production at its MidTex Energy
Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and
has rights for further in field developments.
For further information please contact Canuc Resources Corporation:
(416) 548 – 9748
Disclaimer and Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws relating to
the Transaction, including statements regarding the terms and conditions of the Transaction. Readers are cautioned
not to place undue reliance on forward-looking statements. Actual results and developments may differ materially
from those contemplated by these statements depending on, among other things, the risk that the parties will not
proceed with the Transaction, that the ultimate terms of the Transaction will differ from those currently contemplated,
and that the Transaction will not be successfully completed for any reason (including the failure to obtain the required
approvals or clearances from regulatory authorities, including the Exchange). If the Transaction is not completed,
and the Company continues as an independent entity, there is the risk that the announcement of the Transaction and
the dedication of substantial resources of the Company to the completion of the Transaction could have an adverse
impact on the Company’ s existing business and strategic relationships, operating results and business generally. 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 statements. The forward-looking statements are based on current expectations and apply only as of
the date on which they were made. The statements in this news release are made as of the date of this release.
Additional information identifying risks and uncertainties is contained in Canuc's filings with the Canadian securities
regulators, which are available at www.sedar .com.
Completion of the Transaction is subject to Exchange acceptance. There can be no assurance that the Transaction
will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the
Transaction, any information released or received with respect to the Transaction may not be accurate or complete
and should not be relied upon.