Mr. Chris Berlet reports

CANUC ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT

Canuc Resources Corp. has closed the final tranche of a previously announced $3.2-million private placement financing (see news releases dated Feb. 13, 2025, March 7, 2025, March 26, 2025, and April 1, 2025) for gross proceeds of $930,000. The closing of this final tranche of the private placement results in the issuance of 9.3 million units. Each unit consists of one common share priced at 10 cents per common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at 15 cents for a period of two years from the closing of the private placement.

Proceeds will be used for completing the acquisition of MacDonald Mines Exploration Ltd., and for the development and exploration of the company's new and existing mineral assets.

The final closing of this private placement is subject to acceptance by the TSX Venture Exchange.

About MacDonald Mines Exploration Ltd.

Founded in 1935, MacDonald Mines is a mineral exploration company focused on the evaluation, acquisition and development of precious and critical metals properties in Ontario. The company's flagship project, the 100-per-cent-owned SPJ project, spans 19,710 hectares, and is situated approximately 40 kilometres northeast of the prolific Sudbury mining camp and near to the extensive infrastructure of the adjacent Sudbury mining district.

The SPJ project encompasses several centres of critical and precious metal mineralization interpreted to be related to a mineral system that can form IOCG (iron ore, copper and gold) and affiliated critical and precious mineral deposits. Included within the project is the historical Scadding gold mine and associated gold mineralized system and gold-bearing tailings. Minerals of interest on SPJ include copper (Cu), gold (Au), cobalt (Co), nickel (Ni) and rare earth elements (REE). MacDonald Mines is committed to responsible and sustainable operations, prioritizing environmental stewardship, safety and community engagement.

About Canuc Resources Corp.

Founded in 1952, Canuc is a junior resource company focusing on the San Javier silver-gold project in Sonora state, Mexico. The San Javier silver-gold project evidences silver, gold and copper mineralization interpreted to be related to a mineral system that can form silver-dominant IOCG and affiliated deposits. The company also generates cash flow from natural gas production at its MidTex energy project, located in central-west Texas, where Canuc has an interest in eight producing natural gas wells and has rights for further in field developments.

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