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CDA.V ·

Shares Outstanding: 8 4 , 9 39,150 ISIN: CA1389093040 Canuc

Corporate Updates

www.canucresources.ca

6939553 v6

FOR IMMEDIATE RELEASE

TSX

-

V: CDA | CNUCF |

WKN:

A14 ZX4

December

1

6

th

,

2

0

20

Shares Outstanding:

8

4

,

9

39,150

ISIN: CA1389093040

Canuc

Welcomes Peter Mac

K

ay as

a

Special Advisor

to the Company

Canuc

Resources

Corporation

(“

Canuc

”

or

the

“

Company

”)

(TSX

-V:

CDA)

is

pleased

to

welcome

the Honourable

Peter Mackay as

a

special

advisor to the Company.

Peter

MacKay

PC,

QC

(Privy

Council

and

Queen’s

Counsel)

is

currently

serving

as

a

strategic

advisor to both Deloitte

Canada

and McInnes

Cooper LLP. He is a former Crown

Prosecutor and

has

served

as

Canada’s

Federal

Minister

of

Justice

(Attorney

General).

Mr.

MacKay’s

practice

focuses

on

government

enforcement

proceedings

and

compliance

matters,

and

he

has

provided

strategic

advice

to

Canadian

companies

doing

business

globally

as

well

as

to

international

companies doing business in Canada.

Mr.

MacKay served in the Parliament of Canada for many years and in a ministerial post in the

Canadian government for nine years

after

the Conservative Party formed a government in 2006.

Mr. MacKay has s

erved as Canada’s Attorney General and Minister of Just

ice, a position to which

he was appointed in 2013. Prior to this post,

he

served as the Minister of National Defence for six

years

and

had

held

joint

cabinet

positions

as

Minister

of

Foreign

Affairs

and

Minister

for

the

Atlantic Canada Opportunities Agency.

“We are very pleased to be able to

seek input from Mr. Mackay who is an experienced international

statesman.

Mr.

Mackay’s

insights

in

relation

to

security

matters

and

matters

of

compliance,

corporate

governance

and

international

affairs

will

benefit

the

Company

greatly

as

we

advance

initiatives with our assets in Mexico, the USA

and Canada

,”

stated Chris Berlet, CEO of Canuc.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the

accuracy of this release.

About Canuc

Canuc

is a junior resource 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. Canuc also has exclusive rights, through a Partnership

Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the

Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact:

Canuc Resources Corporation.

(416) 5

25

–

6869

www.canucresources.ca

6939553 v6

[email protected]

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”,

“hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended

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.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate,

as actual results and future events could differ materially from those anticipated in such information. Accordingly,

investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation

does not assume any obligation to release publicly any revisions to forward -looking information contained in this

press release to reflect events or circumstances after the date hereof.