Canuc Drills 1.0 m of 32.1 g/t Au within an 11.5 m interval of 3.18 g/t Au near Surface in Gold Lens 1
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FOR IMMEDIATE RELEASE TSX-V: CDA | CNUCD | WKN: A41V6H
March 18th, 2026 Shares Outstanding: 28,453,148
Symbol: CDA
Canuc Drills 1.0 m of 32.1 g/t Au within an 11.5 m interval of 3.18 g/t Au near Surface in
Gold Lens 1
Toronto, Ontario – March 18, 2026 - Canuc Resources Corporation (“Canuc” or the “Company”)
(TSX-V: CDA, OTCQB: CNUCD, WKN: A41V6H) is pleased to announce results for 15 holes
of a diamond core drilling program defining Gold Lens 1 on the Company’s 100% owned East
Sudbury Project (ESP). The results from 3 holes were previously released (Company press release
December 1st, 2025).
Gold Lens 1 is located approximately 120 m north of the underground workings of the past
producing Scadding Gold Mine. At least 147 historical drill holes have been reported to have tested
Gold Lens 1. The drill core for 62 of these holes is stored on -site and the collar locations as well
as the analytical, logging and other technical information for these holes has been verified and is
considered reliable.
Three holes were collared on the west and south boundaries of the zone and defined the limits of
the zone in these directions. Two holes were collared on the south side of the NE plunging
mineralized zone and drilled beneath the keel. One hole intersected a diabase dyke that cuts across
the projected target zone, and one hole was lost in overburden.
The objective of this drill program was to define the outside boundaries of Gold Lens 1 and to add
infill holes within the mineralized zone. Gold Lens 1 begins on surface and dips at approximately
45 degrees and plunges more steeply towards the northeast. This zone is identified over a strike
length of 80 meters on surface and is seen to have widths ranging from 3 – 5 m and has been
intersected by drill holes below a depth of 100 m.
The information from this drilling program is being integrated with relevant data from previous
drilling programs in Gold Lens 1 in order to refine a block model of the zone and to assess the
potential tonnages of a near surface, relatively high -grade, gold bearing Fe -Chlorite zone. The
zone is open down plunge where additional drilling is still being considered.
The location, purpose and results from these 15 holes are outlined in Table 1.
Table 1.
Drill Hole Id. Easting Northing Elevation Azimuth Dip Depth
From
(m)
To
(m)
Width
(m) Au (g/t)
SM-25-121 529121 5166703 306.6 300 -65 51 Outside the boundary of Main Zone
SM-25-122 529116 5166691 307 225 -45 51 Outside the boundary of Main Zone
SM-25-123 529114 5166697 306.5 300 -65 48 19.6 24.6 5.0 3.00
(Incl) 19.6 20.6 1.0 12.00
SM-25-124 529233 5166676 317 245 -55 117 Drilled beneath keel of zone
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SM-25-125 529284 5166732 313 295 -55 101 35.0 38.0 3.0 6.89
SM-25-126 529252 5166655 315 295 -55 18.7 Hole lost in overburden
SM-25-127 529140 5166656 314.8 325 -46 66 * 11.4 m intersection - Pending QA/QC
SM-25-128 529124 5166617 313 300 -45 66 Drilled beneath keel of zone
SM-25-129 529158 5166634 313 300 -45 81 45.0 51.0 6.0 2.51
(Incl) 50.0 51.0 1.0 6.59
SM-25-130 529102 5166641 310.2 300 -45 51 Outside the boundary of Main Zone
SM-25-131 529109 5166656 657 300 -45 46.3 8.4 17 8.6 0.32
(Incl) 15.5 16 0.5 4.75
SM-25-132 529110 5166656 309.6 330 -45 51 4.9 16.4 11.5 3.18
(Incl) 5.8 6.8 1.0 32.10
SM-25-133 529163 5166682 306.5 300 -45 13.0 21.0 8.0 1.29
(Incl) 13.0 14.0 1.0 9.63
SM-25-134 529165 5166681 306.5 300 -65 Intersected diabase dyke
SM-25-135 529180 5166713 306.8 240 -45 43.0 54.6 11.6 0.40
(Incl) 49.0 50.0 1.0 1.38
* Failed QA/QC - being re-assayed
“These results confirm continuity for Gold Lens 1 as a discrete, relatively high-grade gold bearing
geological structure which starts on surface 120 m north of the past producing Scadding Gold
Mine,” stated Christopher Berlet, President & CEO of Canuc Resources Corp.
“Our next step will be to complete the engineering required to evaluate the extractive opportunity
represented by this high-grade Gold Lens 1.
“We are now pursuing two simultaneous objectives on the company’s 100% owned East Sudbury
Project (ESP) which covers almost 200 km 2 on the eastern flank of Canada’s leading mining
jurisdiction, the Sudbury Basin.
“Firstly, we are scoping near-term gold production from gold contained in tailings and from the
multiple high-grade gold zones which are evidenced in discrete gold lenses coming to surface in
the area surrounding the old Scadding Gold Mine workings. Secondly, we are pursuing large scale
source deposit discovery with the objective of proving a much larger feeder system deposit model
for the high-grade gold and copper mines found across the property.
“This combination allows us to pursue 100% ownership of large-scale source deposit discovery
potential, IOCG deposit types, in Canada’s leading extractive jurisdiction, while also seeking cash
flow opportunities in order to minimize shareholder dilution.”
Canuc’s updated website and PowerPoint can be found at: www.canucresources.ca.
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.
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About Canuc Resources Corporation
Canuc Resources Corporation is a junior resource company developing its 100% interest in the
East Sudbury Project (“ESP”) which spans 19,7 82 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
For information on Bell Geospace and FTG surveys, please contact:
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”,
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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 o ut in the Corporation’ s annual financial statements,
MD&A and other publicly filed documents.
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as actual results and future events could differ materially from those anticipated in such information. Accordingly,
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