Mr. Chris Berlet of Canuc Resources reports

CANUC RESOURCES CORP. AND MACDONALD MINES EXPLORATION INC. ANNOUNCE REVISED CLOSING DATE REGARDING PROPOSED ACQUISITION TRANSACTION

Canuc Resources Corp. and MacDonald Mines Exploration Inc. have had a delay in the previously announced transaction, whereby Canuc will acquire all of the shares of MacDonald Mines.

The anticipated trading halt in respect of the MacDonald Mines shares on May 5, 2025, has not occurred. As a result, the closing date of the transaction has been adjusted. In order to accommodate the closing and procedures thereof, the TSX Venture Exchange has requested that MacDonald Mines delist from the TSX-V prior to the closing of the transaction. As a result, MacDonald Mines will be delisted from the TS-XV as of the market close on May 6 and the definitive record date to determine the shareholders of MacDonald Mines that will receive shares in Canuc will be May 7. The transaction is expected to close postmarket closing on or around May 7.

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 oxide, copper and gold) affiliated critical and precious mineral deposits. Included within the project is the historical Scadding gold mine and the associated gold mineralized system and gold-bearing tailings. Minerals of interest on SPJ include copper, gold, cobalt, nickel and rare earth elements. 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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