Canuc Announces Gravity Gradiometric Survey on East Sudbury Project (ESP)
www.canucresources.ca
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FOR IMMEDIATE RELEASE
February 24, 2026
TSX-V: CDA | CNUCD | WKN: A41V6H
Shares Outstanding: 28,453,148
Symbol: CDA
Canuc Announces Gravity Gradiometric Survey on East Sudbury Project (ESP)
Toronto, Ontario – February 2 4, 2026 - Canuc Resources Corporation (“Canuc” or the
“Company”) (TSX-V: CDA, OTCQB: CNUCD, WKN: A41V6H) is pleased to announce that Bell
Geospace Ltd. (“Bell Geo”) has initiated a Gravity Gradiometric Survey on Canuc’s 100% owned
East Sudbury Project ( ESP), a property spanning ~ 200 km 2 and located some 20 km East of
Sudbury Ontario, Canada. (Figure 1).
Bell Geo is a global leader in Gravity Gradiometric Surveys. Using its proprietary Full Tensor
Gradiometer (FTG) technology and the Basler BT -67 utility aircraft , Bell Geo measures subtle
changes in the Earth’s gravitational field in all directions caused by subsurface geological
variations. These measurements allow for the mapping of density contrasts, providing high -
resolution insight into lithological contacts and structural features beneath surface cover.
Figure 1. Canuc’s East Sudbury Project (ESP) Regional Setting
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“Bell has previously acquired FTG data on neighbouring properties, and the technique performs
exceptionally well in this area,” said Scott Hammond, CEO of Bell Geospace.
“It maps the geology beautifully, even beneath overburden, and that was prior to the application
of our latest processing and interpretation techniques which should add even more detail. We look
forward to working with Canuc on this project.”
Bell Geo will acquire FTG and magnetic data across the entire property. This data will be used to
further refine the geological interpretation of the McLaren Lake Fault Zone as well as the other
identified subparallel structures across the property and, more importantly, to identify geophysical
anomalies that may be associated with density contrasts and large-scale mineralization. To achieve
this, Bell Geo will apply advanced processing and interpretation techniques designed to isolate
geological signals mapping structural and fault complexit ies using the company’s innovative,
proprietary full tensor migration technology.
Figure 2. Example of Bell Geospace Full Tensor Migration output: Tzz
“Iron associations, which are evidenced with gold and copper mineralization across the company’s
East Sudbury Project (ESP), indicate the potential for larger-scale IOCG and MIAC deposit type
sources. These iron associations have proven to provide a strong gravity contrast with the lighter
host rock environment,” stated Chris Berlet, President and CEO of Canuc Resources Corporation.
“By using this sensitive survey tool in combination with advanced processing technologies we will
be able to identify the gravity anomalies that are expected to result from iron assemblages within
the mineral corridors that have created the historical Scadding gold and copper mines. Our
objective is large-scale source deposit discovery, and the Bell Geospace survey is being undertaken
with a view to generating actionable exploration targets for follow-up drilling now prospectively
scheduled for early summer 2026.”
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“This gravity survey has the potential to lead Canuc into an exciting new exploration phase in the
search for large -scale source deposits across the company’s 100% owned ESP claim holdings
which are located just east of Sudbury Ontario , one of the world’s most successful and well-
developed mining and exploration jurisdictions.”
Seismic Survey Seeking Alkali-Calcic (MIAC) and IOCG Signatures
Natural Resources Canada (NRCan) is also scheduled onto the Company’s ESP claim group in
early March 2026 to conduct a seismic survey. This survey is focusing on the known Metasomatic
Iron Alkali-Calcic (MIAC) system previously identified along the McLaren Lake Fault Zone
(MLFZ) and surrounding claims (press release November 11th, 2025). This area evidences copper,
gold, and cobalt mineralization and hosts historical copper mine workings.
By imaging fluid pathways such as faults, fractures, and alteration zones underground , and along
known fault structures , scientists with NRCan aim to uncover the structural controls that guide
mineralization in these systems. The team is testing innovative geophysical methods that combine
surface seismic surveys with fiber -optic sensing in boreholes designed to intersect key alteration
zones.
This approach will not only improve our understanding of the ESP mineral systems but will also
contribute meaningful data to an artificial intelligence (AI) application being undertaken by Canuc.
Application of Artificial Intelligence (AI) and Machine Learning to Integrated Data Sets
Bell’s Full Tensor Gradiometer (FTG) and magnetic data will be used to identify and prioritize
gravity anomalies and drill targets on Canuc’s East Sudbury Project. In addition to this , and
building on historical mining records, existing drill data, and other geological information across
the property, including the Natural Resources Canada (NRCan) sponsored seismic survey
currently in progress, Canuc plans to integrate as much regional data as possible and apply artificial
intelligence (AI) and machine learning techniques to further refine target generation.
Artificial intelligence (AI) enables an entire data set to be analyzed holistically, rather than
interpreting individual data types in isolation. This integrated approach can reveal subtle
relationships and insights that might otherwise be overlooked, ulti mately improving the accuracy
and confidence of drill targeting.
The Company’s integrated exploration initiatives will be reported on expeditiously in the months
ahead.
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.
About Canuc Resources Corporation
www.canucresources.ca
Canuc Resources Corporation is a junior resource company developing its 100% interest in the
East Sudbury Project (“ESP”) which spans 19,710 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 out in the Corporation ’s annual financial statements,
MD&A and other publicly filed documents.
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