March 8tht, 2017 Symbol: CDA Shares Outstanding: 40,726,815 ISIN: CA1389093040 CANUC ANNOUNCES BOARD AND MANAGEMENT UPDATE AND OPTIONS ISSUANCE
www.canucresources.ca
FOR IMMEDIATE RELEASE TSX Venture Exchange
March 8tht, 2017 Symbol: CDA
Shares Outstanding: 40,726,815
ISIN: CA1389093040
CANUC ANNOUNCES BOARD AND MANAGEMENT UPDATE AND OPTIONS ISSUANCE
Canuc Resources Corporation (“ Canuc” or the “ Company”) (TSX-V: CDA) is pleased to
announce the addition of new members to the Company’s Board and Management team.
Board
Mr. Bruce Reid and Paul Davis have joined the Board of Directors.
Mr. Bruce D. Reid, B.Sc., B.Co mm., B.Geo. served most recently as Executive Chairman of
Carlisle Goldfields Limited, as well as a Di rector. Mr. Reid was the President and Chief
Executive Officer of the Corporation from Janua ry 2010 until January 2014. Mr. Reid is also a
Director of SGX Resources Inc. and other public companies. Mr . Reid was also the President
and Chief Executive Officer of U.S. Silver Corp. (a mining company) from June 2006 to
November 2009 as well as Vice-President, Co rporate Finance of Research Capital (an
investment dealer) from 2002 to 2006. Mr. Reid br ings to the Corporati on extensive experience
in corporate finance and in the mining and mi neral exploration indu stry. His background
includes more than 30 years of direct and indirect experience in the mining and mineral
exploration industry following gr aduation with a B.Sc. in Geol ogy from the University of
Toronto in 1979 and a finance degree from the University of Windsor in 1982.
Mr. Paul Davis. B.Sc. (Hon), M.Sc., has more than 25 years of exploration and mine
management experience in base metals, precious metals and industrial minerals. Most recently,
Mr. Davis was VP Exploration at First Nickel Inc. and over his car eer he has discovered , built
and operated mines, including rais ing more than $150M in equity and debt financing. Mr. Davis
serves as Vice President Techni cal Services and as a Director for Rogue Resources Inc. Mr.
Davis graduated from the University of We stern Ontario (BSc- Honors Geology) and the
University of Alabama (MSc- Economic Geology).
Management
Mr. John Nebocat, P.Eng, has joined Canuc as Vice President Exploration. Mr. Nebocat has been
an independent consulting geologist for over 20 y ears and has more than 40 years of experience
in earth sciences and mineral exploration. He has worked as a geologist with Newmont
Exploration of Canada, as Exploration Manager with Kookaburra Gold Corp and since 1993 as a
consultant for Peruvian Gold Limited, Tumi Res ources Ltd and Tinka Res ources Ltd, and others
He served as a Director of Anglo-Canadian Mining Corp. (alternate name Anglo-Canadian
Uranium Corp.) from June 20, 2008 to April 3, 2009, and more recently Mr. Nebocat served as
Vice President of Exploration at Tinka Res ources Ltd. from January 2013 to April 2015.
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Jurisdictions in which Mr. Nebocat has experien ce include: Canada, Peru, Mexico, Argentina,
Ecuador, Sweden and Finland. Prior to working in the mineral explorati on sector, Mr. Nebocat
was employed by the B.C. Department of Mines & Petroleum Resources , performing geological
mapping. He is a Member of the Association of Professional Engineers and Geoscientists of
British Columbia and also the Geological Associ ation of Canada. Mr. Nebocat graduated from
the Montana College of Mineral Science and Technology, Butte, Montana with a B.Sc. in
Geological Engineering (Honours) in 1984.
Mr. Julio DiGirolamo CPA, CA is a Chartered Professional Accountant and the Chief Financial
Officer of the Company. Mr. DiGirolamo ha s 22 years of senior-level public company
experience including, most-recentl y, four and a half years as CFO for Carlisle Goldfields
Limited, a TSX-listed gold explora tion company, until its sale to Alamos Gold Inc. in January
2016. Mr. DiGirolamo also serves as CFO for SGX Resources Inc. and Satori Resources Inc.
He began his public market experience while hold ing various senior role s during his five years
with Greenstone Resources Ltd., a TSX an d NASDAQ-listed gold mi ning company with
activities focused in four Latin American count ries. Mr. DiGirolamo has also been the Chief
Financial Officer of Asia Now Resources Co rp., a TSX Venture Exchange-listed junior
exploration company, and Chief Financial Officer and Corporate Secretary of Innovium Media
Properties Corp., a TSX Venture Exchange-listed early stage in vestor. During his time at
Innovium he also acted as interim Chief Fina ncial Officer at Seed Media Group LLC and as
Chief Financial Officer, Corporate Secretary and member of the Bo ard of Directors of Atlantis
Systems Corp. Mr. DiGirolamo is currently the Audit Committee Chair on the Board of
Directors of GTA Resources and Mining Inc. and, over his career, has served on the boards of
various public and non-profit organizations.
Mr. Christopher J. Berlet BSc (Mining), CFA has been appointed CEO. Mr. Berlet is a graduate
of Mining Engineering from Queen’s Univers ity and holds a Diploma in Accounting and
Finance from the London School of Economics a nd Political Science. Mr. Berlet is a CFA
Charter Holder and has business experience in both finance and the mineral industries. Mr.
Berlet is a Director and Officer of Stakeholde r Gold Corp. and is also a Director of Rogue
Resources Inc.
Mr. Mockler has been appointed as Executive Ch airman and President of Canuc. Mr. Mocker
previously held the position of CEO for th e Corporation from 1993 to 2003 and in 2007. Mr.
Mockler’s business career has been dedicated to the resource sect or where he has been involved
in the management and analysis of mineral and oil and gas projects on a worldwide basis
including Canada, Ecuador, the United Kingdom, Au stralia, Peru, Mexico, Costa Rica and the
United States. Early in his career Mr. Mockler was a Mining Analyst at the investment firm of
Greenshields Inc. and also managed the Investme nt Research department at Mead & Co., both
based in Montreal. In the 1960’s, Mr. Mockler served as the Special Assistant to the management
of Power Corporation responsible for merg ers and acquisitions. Between 1969 and 1978, Mr.
Mockler served as President of Merrill Isla nd Mining Co., which operated a 600 ton/day copper-
zinc mine in Chibougamau, Quebec and as Presid ent of Bulora Corporation, which purchased
and operated the Madsen Red Lake gold mine in Red Lake, Ontario. Mr. Mockler holds a degree
in geology from the University of New Brunswick.
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Ms. Anita Bailey has been appointed as Corpor ate Secretary of Canuc. Ms. Bailey has 30 years
of experience in the mining industry and has exte nsive skills in financial accounting, corporate
management and in the senior-level administration of public companies. Ms. Bailey’s experience
includes four and a half years as Controller fo r Carlisle Goldfields Limited, a TSX-listed gold
exploration company which was sold successfully to Alamos Gold Inc. in January 2016. Ms.
Bailey also served, for over four and a half years, as Controller of Colombia Goldfields Ltd. a
TSX-listed company sold to Medoro Resources Ltd.in November 2009, and served for twelve
years with Greenstone Resources Ltd., a TSX and NASDAQ-listed gold mining company with
activities focused in four Latin American c ountries. Ms. Bailey held various roles with
Greenstone Resources Ltd., spending the last five of the twelve years as Assistant Treasurer. Ms.
Bailey is a member of Corporate Governance Pr ofessionals of Canada (“CGP”); Institute of
Professional Bookkeepers of Canada (“IPBC”) and The Canadian Payroll Association (“CPA”).
In connection with these appointments, 2,200,000 options have been issued to Officers and
Directors of the Corporation. These options have a 3 year term expiring March 3 rd, 2020 and a
$0.50 (50 cent) exercise strike price.
About Canuc
Canuc is a junior resources co mpany engaged in the explorati on and development of mineral
properties in North America. In addition, the comp any is active in the development of a natural
gas field in Central West Texas where it has an interest in seven producing gas wells. These
wells generate a sustainable cash-flow with the potential to increase income by the drilling and
completion of additional wells.
For more information on the content of this release or about Canuc, please contact
Christopher J. Berlet, CFA
CEO
416 525 – 6869
Disclaimer and Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
Forward-Looking Statements: This news release contains forward-looking statements that include risks and
uncertainties. When used in this news release, the wo rds “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 factors that could cause actual results
to differ materially from those indicated in such forw ard-looking statements include changes in the prevailing
price of gold, the prevailing price of natural gas, the Canadian-United States exchange rate, amount of gas
produced that could affect revenues and production costs. Other factors such as uncertainties regarding
government regulations could also affect the results. Other risks may be set out in the Company’s annual
financial statements and MD&A.