Symbol: CDA ISIN: CA1389095029 Canuc Drills 9.2 m of 8.99 g/t Au and a Polymetallic Intercept at ESP
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FOR IMMEDIATE RELEASE TSX-V: CDA | CNUCF | A41V6H
June 25th, 2026 Shares Outstanding: 28,608,253
Symbol: CDA ISIN: CA1389095029
Canuc Drills 9.2 m of 8.99 g/t Au and a Polymetallic Intercept at ESP
Toronto, Ontario – June 25, 2026 - Canuc Resources Corporation (“Canuc” or the “Company”)
(TSX-V: CDA, OTCQB: CNUCF, WKN: A41V6H) is pleased to provide an exploration update
for the Company’s East Sudbury Project (“ESP”). ESP spans 20,078 hectares and is centered
approximately 20 kilometers northeast of the Prolific Sudbury Mining District. (Figure 1 –
Regional Location map)
Figure 1 – Project Location Map
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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
Timmins Creek Fault Zone
On the ESP property’s furthe st west fault structure , Timmins Creek Fault Zone, are found the
historical mine working of the Scadding Gold Mine s (North Pit, Underground Portal, East-West
Pit and South Pit) . 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 3 – Scadding Gold Mines and Glade Area Map).
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, 3 km northwest of Scadding.
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Figure 3 – Scadding Gold Mines and Glade Area Map
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Glade Area Zones (1-3) and Historical Scadding Gold Mines
Canuc has undertaken initial drill testing on the Glade Area, a target that consists of three distinct
zones of gold and critical minerals (Cu-Co-Ni-PGM’s). The Glade Area is located approximately
1 km south of the historical Scadding Gold Mines.
Ongoing exploration near to the historical Scadding Gold Mine workings is also in progress.
Exploration proximal to the historical Scadding Gold Mine s is currently focused on two target
areas, North Pit (gold zones reported on earlier in news releases dated December 1, 2025 and
March 18, 2026) and the East-West Pit, an Au-Cu-Co exploration target adjacent to a previously
mined open pit east of the main Scadding Mine (Figure 3 above).
The Glade Area and the historical Scadding Gold Mines are found within the Timmins Creek Fault
Zone which is the ESP property’s furthest west of four regional fault structures (Figure 2 above).
Glade Area Historical Workings
Drilling in the Glade Area was focused on 2 of 3 target zones that were discovered in the 1930’s
by Wanapitei Basin Mines Limited. Between 1933 and 1945 this company completed trenching,
pitting and at least 20 drill holes (2,520 m). As reported in an assessment report prepared for the
Ontario Department of mines (1972; Glade Explorations Limited (41I10NE0202) , the work
outlined three mineralized zones reported to contain 42,000 tons @ 0.36 oz/ton (38,100 tonnes @
12.34 g/t). The reliability and relevance of this estimate is unknown. There is no information such
as cutoff grade or density relating to the parameters used in calculating this estimate other than
that it is restricted to above the depth of 200 feet and the dimensio ns of the zones were tabulated.
The categories used (tonnage and grade) are not compliant, nor can they be validly compared, with
any categories defined by current CIM Definition Standards. There are no more recent Mineral
Resource Estimates.
The mineral occurrences have been re -located on the property and are currently being evaluated
by stripping and diamond drilling. A comprehensive drilling program at a minimum of 25 -meter
spaced holes will be required to define mineralized zones in these areas.
Cautionary Statement:
The historical resource estimate mentioned here was prepared prior to the implementation of
National Instrument 43 -101 ("NI 43 -101"). A Qualified Person has not done sufficient work to
classify the historical estimates as current mineral resources or mineral reserves. The Company
is not treating the historical estimate as current mineral resources and it should not be relied upon.
While the Company believes these historical estimates provide an indication of the potential for
mineralization on the property, there is no assurance that they will prove to be accurate or that
they can be upgraded to current resource categories.
Current Drilling and Exploration Work at Glade Area
Table 1– Glade Area Drill Hole Collar Information
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Drill Hole
NAD 83 Zone 17N Elevation
(m)
Azimuth
(ᵒ)
Dip
(ᵒ)
Depth
(m) Easting Northing
SM-26-142 529279 5165545 309.8 135 -45 144.0
SM-26-143 529277 5165543 309.8 139 -65 105.0
SM-26-144 529273 5165532 310.7 150 -45 88.8
SM-26-145 529272 5165532 310.7 153 -65 90.0
SM-26-146 529298 5165331 317.0 348 -45 168.0
SM-26-147 529298 5165330 317.0 348 -65 135.0
SM-26-148 529298 5165331 317.0 348 -45 168.0
Glade Area Zone 1
Four shallow, close spaced holes tested Glade Zone 1 (formerly referred to as the Glade East
occurrence). Mineralization in this zone is associated with quartz -carbonate veining within a
sheared Nipissing Mafic sill. All the holes intersected zones of elevated gold values. Two holes
intersected the targeted Glade Zone 1 structure in its projected location including hole AG-26-144
which intersected 11.4 g/t over an 0.8 m interval. The intersected values are shown in Table 2 –
Glade Area Zone 1 Drill Results.
Table 2 – Glade Area Zone 1 Drill Results
Drill Hole Zone From
(m)
To
(m)
Intersected
Width (m)
Au
(g/t)
SM-26-142
Glade 1.1 44.5 61.5 17.0 0.703
(Incl) 50.0 51.0 1.0 4.23
Glade 1.2 99.6 100.6 1.0 10.30
SM-26-143 weakly elevated gold
SM-26-144
Glade 1.1 27.3 36.0 8.7 0.28
(Incl) 1.0 1.14
Glade 1.2 65.7 66.5 0.8 11.40
SM-26-145 weakly elevated gold
Glade Area Zone 2
Hole AG-26-146 was drilled to test a second target now referred to as Glade Zone 2 (formerly
referred to as Glade South). Glade Area Zone 2 is a highly deformed contact zone between a
Nipissing Mafic sill and underlying Espanola Limestone. The contact is exposed in a stripped area
completed by former explorers in 2021. Gold mineralization is reported in this area hosted by
quartz-carbonate veins and within a limestone unit. Chalcopyrite (Cu) mineralization has also been
observed in outcrop of the lower member of an adjacent Nipissing Mafic sill along a distance of
approximately 100 meters.
Hole AG-26-146 intersected both the Au-bearing vein (Glade Zone 2.1) and the mafic sill hosted
Cu zone (Glade Zone 2.2). The vein intersection assayed 1.79 g/t Au over a 7.9 m interval
including 1.0 m of 6.18 g/t Au. A 23.0-meter interval (10 to 12 m wide true thickness) of brecciated
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and chloritized gabbroic rock was intersected. The interval contained scattered patches and layers
of sulphides (chalcopyrite -pyrrhotite) including a 1. 4 m wide interval of approximately 10%
sulphides. The sulphides in this zone are associated with an iron-rich chlorite breccia. Both zones
are similar in appearance to the mineralized zones in chloritized quartzite breccia at the Scadding
Gold Mine.
The 23 m wide intersection assayed 0.09 Cu, including 1.4 m of 0.73% Cu, and highly elevated
Au, Ni and Co. as shown in Table 2. Palladium values were also anomalous in this zone, ranging
from 24 to 241 ppb in a background of <5 ppb.
Hole AG-26-148 was drilled from the same pad as AG-26-146 but oriented at right angles to the
mafic intrusive/limestone contact in this area. The hole intersected a 9.2 m wide interval assaying
8.99 g/t Au. The true orientation and thickness of this vein is not known but it appears to align
with the quartz -carbonate vein intersection in hole AG -26-146 ( Glade Zone 2.1). Additional
drilling is required to determine the significance of this intersection. The intersected values are
shown in Table 3 – Glade Area Zone 2 Drill Results.
Table 3 – Glade Area Zone 2 Drill Results
Drill Hole Zone From
(m)
To
(m)
Intersected
Width (m)
Au
(g/t)
Cu
(%)
Ni
(%)
Co
(%)
SM-26-146
Glade
2.1 56.6 64.5 7.9 1.79 0.03 0.04 0.02
(Incl) 60.6 61.6 1.0 6.18 0.02 0.08 0.04
Glade
2.2 97.0 120.0 23.0 0.09 0.08 0.04 0.05
(Incl) 107.7 118.2 10.5 0.11 0.16 0.07 0.06
(Incl) 107.7 109.1 1.4 0.60 0.73 0.31 0.01
SM-26-147 drilled down dip - terminated in sediments
SM-26-148
Glade
2.1 20.1 29.3 9.2 8.99 0.02 tr tr
(Incl) 23.1 26.2 3.1 24.85 0.02 tr tr
(Incl) 25.3 26.2 0.9 60.10 0.02 tr tr
The mineralization intersected in both zones at Glade Zone 2 is contained within a distinct chlorite-
matrix breccia with associated sulphides - including iron (as Py, Po), copper, nickel and cobalt as
well as scattered disseminated iron oxides (magnetite). Thi s same suite of minerals is also found
at the Scadding Gold Mine approximately 1 km to the north. Geological mapping suggests that
both the Glade and Scadding deposits may be associated with a previously unrecognized fault
structure that is parallel to the McLaren Lake Fault Zone located 3 km to the east. Figure 2 shows
the projected axis of this fault zone referred to as the Timmins Creek Fault Zone along with several
other interpreted parallel structures. Several of the many historical prospects located within the
boundary of Canuc’s ESP Project are shown on Figure 2.
Two additional holes have been drilled in the Glade Area, but assay results have not yet been
received.
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“These results show evidence of a polymetallic metal suite proximal to, or in association with,
elevated gold detection at the company’s Glade Area exploration targets which are located 1 km
south of the past producing Scadding Gold Mines along the regional Timmins Creek Fault Zone
structure. This outcome is consistent with the MIAC and IOCG deposit models which we are
pursuing at ESP,” stated Chris Berlet, President and CEO of Canuc.
“We will now use these results, in conjunction with the upcoming gravity and magnetic surveys,
to vector further drilling in pursuit of a transformative regional exploration outcome at ESP.”
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
Canuc Resources Corporation is a junior resource company developing its 100% interest in the
East Sudbury Project (“ESP”) which spans 20,078 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
Forward Looking Information
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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 o ut 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
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