Symbol: CDA ISIN: CA1389095029 Canuc Discovers New Near-Surface Gold Zone at East-West Pit Area (Zone 2), East Sudbury Project
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FOR IMMEDIATE RELEASE TSX-V: CDA | CNUCF | A41V6H
September 9th, 2026 Shares Outstanding: 28,608,253
Symbol: CDA ISIN: CA1389095029
Canuc Discovers New Near-Surface Gold Zone at East-West Pit Area (Zone 2), East
Sudbury Project
Toronto, Ontario – September 9, 2026 - Canuc Resources Corporation (“Canuc” or the
“Company”) (TSX-V: CDA, OTCQB: CNUCF, WKN: A41V6H) is pleased to announce the
discovery of a new near -surface gold-mineralized zone – the East-West Pit Area Zone 2 (“Zone
2”) – at the Company’s 100% owned East Sudbury Project (“ESP”) located some 20 km east of
Sudbury, Ontario. Ten (10) holes drilled into the Zone 2 target area have intersected mineralized
breccia, and this new zone has been traced over a strike length of approximately 170 meters.
Ten (10) holes have intersected the target zone
Highlights
• New discovery: Zone 2 is a previously unrecognized, north-dipping gold-mineralized breccia
zone lying immediately adjacent to the historically mined East-West Pit at the past-producing
Scadding Gold Mines and has been traced over approximately 170 metres of strike to date.
• Ten (10) holes intersect the zone: To date ten (10) holes drilled into Zone 2 have intersected
the targeted chlorite breccia zone, over interpreted true thicknesses of 3 to 15 metres . These
holes have been drilled on approximately 25 metre spacings.
• Near-surface mineralization: Gold mineralization has been intersected from as shallow as
3.5 metres downhole in SM-26-151.
• Supported by surface sampling: five grab samples of pit material collected in 2025 averaged
6.72 g/t Au, ranging from 0.738 to 14.3 g/t Au. Grab samples are selective by nature and may
not be representative of the mineralization.
• Early confirmation : SM-26-153 returned 20.0 metres grading 1.51 g/t Au, including 5.0
metres of 3.78 g/t Au; SM -26-151 returned 8.0 metres of 1.21 g/t Au, including 1.0 metre of
7.58 g/t Au; SM-26-152 returned 19.9 metres of 0.56 g/t Au, including 1.0 metre of 3.2 g/t Au;
and SM-26-160 returned 4.0 metres of 1.28 g/t Au together with 1.0 metre of 4.29 g/t Au.
• Full results: four of the ten holes (SM -26-155, SM -26-158, SM -26-159 and SM -26-161)
returned only weakly elevated gold values, and SM-26-156 returned 14.0 metres grading 0.102
g/t Au. Readers should review Table 2 for the complete results.
• Open to the North: Zone 2 has been tested to vertical depths of only 50 to 75 metres along an
east-west trend and remains open to the north . Historical drilling by a previous operator
intersected gold mineralization in this setting at vertical depths of approximately 85 and 110
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metres. (see below; the reader is cautioned that historical results are treated as an exploration
guide only)
• More assays pending: four (4) additional holes have been completed at the western end of the
pit area, testing mineralization interpreted to be offset along a regional-scale fault. Results are
pending.
• Toward a maiden resource: the Company intends to include Zone 2 in the first (maiden)
mineral resource estimate for ESP, which i s currently expected to be released later in 2026.
(see “Forward Looking Information” below)
• Internally funded: Canuc receives revenue from eight (8) producing natural gas wells at its
MidTex Energy Project in West Texas and holds a 4% net smelter royalty on gold production
from the Scadding Gold Tailings Project.
Readers are cautioned that mineral exploration is inherently uncertain. The Company has not
established any mineral resource or mineral reserve on the ESP property, and there is no certainty
that all or any part of the mineralization identified to date will be converted into a mineral resource
or that any deposit will be economically viable.
ESP spans 20,078 hectares and is centered approximately 20 kilometers northeast of the Prolific
Sudbury Mining District. (Figure 1 – ESP Regional Location map)
Figure 1 – ESP Regional Location Map
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ESP Fault Structures
ESP encompasses four subparallel fault structures which host historical gold and copper mines,
and which are interpreted to be related to mineral systems that can form IOCG and affiliated critical
and precious mineral deposits. Mineral prospective zones adjacent to t hese fault structures are
labelled: Timmins Creek Fault Zone, McLaren Lake Fault Zone , Mount Aetna Fault Zone and
Washigami Lake Fault Zone respectively (Figure 2 – ESP Fault Structures Map).
Figure 2 – ESP Fault Structures MAP
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Timmins Creek Fault Zone
Along the ESP property’s furthe st west fault structure , Timmins Creek Fault, are found the
historical mine workings of the Scadding Gold Mine s (North Pit, Underground Portal, South Pit
and East-West Pit). (Figure 2 above – Scadding Mine Workings, Figure 3 below – Scadding Gold
Mines and East-West Pit Area)
The Glade Area ‘Exploration’ Zones and the Scadding Mine Gold Tailings Impound are located
approximately 1 km southwest and south of the historical Scadding Gold Mines (Figure 2 above).
Other Au -Co-Cu occurrences occur along this interpreted structure (Timmins Creek Fault)
including a strong breccia zone and highly anomalous Co-Au mineralization identified by Canuc
in 2025 at Spar Lake (Figure 2 above), 3 km northwest of the Scadding Mine Workings.
East-West Pit Area – Historical Data and New Gold Mineralized Zone (Zone 2)
Canuc has now completed a first phase of drilling on a newly identified zone at the East-West Pit
Area, now being referenced as the East-West Pit Area Zone 2 (Figures 3 and 4). Zone 2 is thought
to be the down dip projection of mineralization identified by Gulf Minerals in 1973 that led to the
historical gold resource estimates for the East -West Pit made by the Watt-McLean group (1979;
1981). This historical gold resource was updated and modified in 1983 for Northgate Exploration
Limited (Hill, Goettler and Delaporte, 1983).
The 1983 historical estimate for the East -West Pit was 25,600 short tons grading 0.225 ounces
gold per short ton (approximat ing to 23,224 tonnes grading 7.03 g/t Au). This estimate was
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classified as open pit “diluted indicated and diluted inferred reserves”. The estimate applied a 1:1
waste-to-ore dilution ratio and had a cut -off grade of 0.08 oz/ton (2.74 g/t) Au. Under current
definition standards and with appropriate, validated data this mineralized zone would best be
considered an Inferred Mineral Resource.
Cautionary note: The historical estimate predates NI 43 -101 and uses terminology that is not
consistent with current CIM Definition Standards. A Qualified Person has not completed sufficient
work to classify the historical estimate as a current mineral res ource or mineral reserve, and the
Company is not treating the historical estimate as a current mineral resource or mineral reserve.
The estimate should not be relied upon as representing mineralization remaining in the ground
and may have been materially d epleted by historical mining. Canuc considers the historical
estimate relevant only as evidence of the location and historical significance of mineralization in
the East –West area and as a guide for current exploration. Verification would require
reconstruction of the historical pit, c onfirmation of collar and survey information, direct
validation of assays and density data, confirmation drilling, and modern three -dimensional
geological and resource modelling.
In 1984, Westfield Minerals (Northgate subsidiary) began test -mining small open pit deposits in
the Scadding Mine area while developing the main underground Scadding Mine. This included the
East-West Pit where a 100 m long, 5 to 8 m deep open cut was driven into the surface exposure of
a 10 m wide mineralized zone. The tonnage extracted from this pit is unknown.
Figure 3 – Scadding Gold Mines and East-West Pit Area
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East-West Pit Area, New Mineralized Gold Zone (Zone 2)
The East-West Pit Area was re-examined by Company geologists in 2025. Five grab samples taken
from material from the pit averaged 6.72 g/t Au with values ranging from 0 .738 to 14.3 g/t Au.
(The reader is cautioned that grab samples are selective by nature and may not be representative
of the underlying mineralization or reflect the actual average grade of the mineralized zone.)
The mineralization is contained within intense, small fragment, chlorite breccia with associated
sulphides. The zone appears to be developed within a brecciated quartzite unit, hosting mega scale
fragments, that overlies a limestone unit dipping steeply (70 to 75 degrees) towards the north.
Ten (10) shallow holes have now been drilled to trace a structure dipping north from an area
proximal to, and north northeast of, the pit. These 10 holes were drilled to a depth of approximately
35 m. All holes intersected the targeted breccia zone over true thicknesses of 3 to 15 metres with
mineralization similar in appearance to that exposed in the East-West Pit. This new gold zone
(East-West Pit Area Zone 2) has been traced over a strike length of approximately 170 m . The
Company interprets the intersection of the zone across 10 holes drilled as evidence of a coherent,
laterally continuous mineralized structure.
Figure 4 – East-West Pit Area (Zones 1 & 2 Drill Collar Locations)
Current Drilling East-West Pit Area, Zone 2
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Drill holes SM-26-151 through SM-26-161 (drilled July-August, 2026) were completed to test the
Zone 2 target which splays from the historically mined East–West Pit. The holes ranged from 48
metres to 107 metres in length. The collar locations are shown in Table 1 – East-West Pit Area –
Zone 2 Collar Information.
Table 1 – East-West Pit Area Zone 2 Collar Information
Drill Hole
NAD 83 Zone 17N Elevation Azimuth Dip Depth
Easting Northing (m) (ᵒ) (ᵒ) (m)
SM-26-151 529576 5166494 302 160 -45 60
SM-26-152 529576 5166493 302 161 -65 48
SM-26-153 529525 5166485 308 190 -45 52
SM-26-155 529500 5166484 308 186 -47 51
SM-26-156 529500 5166484 308 185 -76 107
SM-26-157 529553 5166485 305 152 -46.7 51
SM-26-158 529549 5166499 305 151 -65.8 101
SM-26-159 529585 5166518 300 149 -43 87
SM-26-160 529585 5166518 300 149 -60 102
SM-26-161 529604 5166513 298 161 -45 102
East-West Pit Area Zone 2
The holes were drilled on approximate 25 m sections into the East-West Pit Area Zone 2 as part
of the initial evaluation of this target. The intersected values are shown in Table 2 – East-West Pit
Area – Zone 2 Drill Results.
Table 2 – East West Pit Area – Zone 2 Drill Results
Drill Hole Zone From To Intersected
Width (m)
Au
(m) (m) (g/t)
SM-26-151 E-W Zone 2 3.5 11.5 8 1.21
Incl: 7.5 8.5 1 7.58
SM-26-152 E-W Zone 2 7.6 27.5 19.9 0.56
Incl: 8.6 9.6 1 3.2
SM-26-153 E-W Zone 2 18.3 38.3 20 1.51
Incl: 26.3 31.3 5 3.78
SM-26-155 E-W Zone 2 weakly elevated gold values
SM-26-156 E-W Zone 2 79.5 93.5 14 0.102
SM-26-157 E-W Zone 2 9 14.5 5.5 0.572
SM-26-158 E-W Zone 2 weakly elevated gold values
SM-26-159 E-W Zone 2 weakly elevated gold values
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SM-26-160 E-W Zone 2 35 36 1 4.29
also 50 54 4 1.28
Incl: 52 53 1 3.52
SM-26-161 E-W Zone 2 weakly elevated gold values
The hole locations and related sample informa tion are shown on Figure 4 above – East-West Pit
Area (Zones 1 & 2 Drill Collar Locations).
Note to Table 2: widths shown are drilled core lengths. True widths of the mineralized zone are
interpreted to be in the range of 3 to 15 metres based on current geological interpretation. Holes
reported as returning weakly elevated gold values did not return intervals meeting the grade and
width criteria applied to the intersections reported above.
Ten (10) Holes Confirm the New Gold Zone Over 170 Metres of Strike Extent
Ten (10) holes have been drilled to test the zone along strike and at depths of 50 to 75 m. To date
this new zone (East-West Pit Area Zone 2) has been defined for a strike length of approximately
170 m. It appears to pinch out to the east and may be offset towards the northwest on the western
end of the pit.
The zone is thought to have been intersected by a previous explorer (Trueclaim Exploration Inc.)
who intersected a gold zone with 2 lenses of mineralization at vertical depths of 85 and 110 m
before entering the underlying limestone unit. The upper intersection of 5.77 m (98 – 103.77 m)
assayed 3.95 g/ t Au including 2 m at 7.83 g/t Au; the lower intersection was 10.25 m of 1.38 g/t
Au including 0.7 m of 8.2 g/t Au (Trueclaim Assessment Report, 2011). The hole was drilled down
dip, so the true thickness of the zone is unknown. (The drill results reported above are historical
in nature and are being treated as an exploration guide only.)
Further to these 10 holes, four (4) additional holes have been completed in the western end of the
pit area to test mineralization that appears to be offset along an interpreted, regional scale fault
system that passes through this area. Complete analytical results from these holes will be reported
as soon as assay certificates have been received, the results have passed the Company’s QA/QC
review, and the technical disclosure has been reviewed by the Company’s Qualified Person.
Management Commentary – Advancing Toward a Maiden Mineral Resource Estimate
“These results provide early confirmation for the discovery of a new, north dipping, gold zone
(East-West Pit Area Z one 2) in the East -West Pit Area of the historical Scadding Gold Mines ,”
stated Christopher Berlet, President and CEO of Canuc.
“The most significant finding from this work is that the newly identified gold zone appears to be
continuous over a considerable strike extent, representing a greater dimension than previously
identified for structures at the Scadding Gold Mines. Despite a drilling history involving a number
of companies dating back to at least the mid 1970’s , Zone 2 sat undetected beside old mine