Canuc Announces Vertical Amalgamation

www.canucresources.ca

FOR IMMEDIATE RELEASE TSX-V: CDA | CNUCF | WKN: A14 ZX4

January 30th, 2018 LEI: 549300ZHOHMQNXJT7S74

Shares Outstanding: 45,714,150

Canuc Announces Vertical Amalgamation

Canuc Resources Corporation (“ Canuc” or the “ Company”) (TSX-V: CDA) is pleased to

announce that it has completed a vertical amalgamation (the “Vertical Amalgamation”) with its

wholly-owned subsidiary, Santa Rosa Silver Mi ning Corporation, pursuant to subsection 177 of

the Business Corporations Act (Ontario). The Vertical Amalgamation did not require shareholder

approval and was completed to si mplify the corporate structure of Canuc. No securities were

issued in connection with the vertical amalgamation. The shares of the subsidiary were cancelled

without any repayment of capital in respect of them.

Canuc also announces that Vic Hugo of Marrelli Support Services has been appointed as CFO.

About Canuc

Canuc is a junior resources company whose prin cipal focus is exploration and development of

the San Javier Silver-Gold Project located 146 km east of Hermosillo in Sonora State, Mexico.

The company also generates cash flow from natural gas production in Central West Texas, where

Canuc has an interest in ni ne producing gas wells, and ha s rights for further in field

developments.

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.