11:34:37 EST Sun 08 Feb 2026
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Canuc Resources Corp (3)
Symbol CDA
Shares Issued 266,031,379
Close 2025-11-11 C$ 0.095
Market Cap C$ 25,272,981
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Canuc Resources to conduct seismic survey at ESP

2025-11-11 17:26 ET - News Release

Mr. Christopher Berlet reports

CANUC ANNOUNCES SEISMIC SURVEY ON EAST SUDBURY PROJECT (ESP)

Natural Resources Canada has commissioned a seismic survey, for early 2026, to be conducted on Canuc Resources Corp.'s McLaren Lake fault zone (MLFZ). The McLaren Lake fault zone is located on the north-central portion of Canuc's 100-per-cent-owned East Sudbury project (ESP). Canuc acquired a 100-per-cent ownership of the ESP on May 8, 2025.

Seismic acquisition will be conducted by Optiseis Solutions Ltd., of Calgary, Alta., a recognized leader in subsurface imaging and analytics. The work has been commissioned by Natural Resources Canada, through its critical minerals geoscience and data initiative (CMGD). Geoscientists with Natural Resources Canada have selected specific project areas for research to better their understanding of how critical minerals form and concentrate in Canada's subsurface.

Seismic survey seeking alkali calcic (MIAC) and IOCG (iron oxide, copper and gold) signatures

The seismic survey focuses on a known metasomatic iron alkali calcic (MIAC) system near Sudbury, Ont., the McLaren Lake fault zone (MLFZ) and surrounding claims that lie within Canuc's ESP claim group. This area already evidences copper, gold and cobalt mineralization.

By imaging fluid pathways such as faults, fractures and alteration zones underground, and along known fault structures, scientists aim to uncover the structural controls that guide mineralization in these systems. The team is testing innovative geophysical methods that combine surface seismic surveys with fibre optic sensing in boreholes designed to intersect key alteration zones.

This approach will not only improve our understanding of mineral systems but will also serve to evaluate the potential of fibre optic technology for high-resolution subsurface imaging.

"The McLaren Lake fault zone is recognized to be a metasomatic iron alkali calcic (MIAC) mineral system that has the potential to host IOCG and affiliated critical mineral and precious metal deposits. We are delighted that the geoscientists at Natural Resources Canada have selected this corridor, located within our company claim holdings, to focus their search for critical mineral pathways and deposits," stated Christopher Berlet, president and chief executive officer of Canuc Resources.

"The Canuc press release of Sept. 9 outlines our conviction that the East Sudbury project covers at least three areas that have the potential to host IOCG and affiliated deposit type discoveries. This transformative prospect for Canuc shareholders comes closer today with the work commitments made by the progressive geoscience team at Natural Resources Canada. We look forward to reporting further on this work in the months ahead and are preparing to undertake decisive follow-up when results are received."

The technical information in this news release has been reviewed and approved by Seymour Sears, BA, BSc, PGeo, a non-independent qualified person as defined by National Instrument 43-101, who is currently managing exploration activity on the ESP.

About Canuc Resources Corp.

Canuc Resources is a junior resource company developing its 100-per-cent interest in the East Sudbury project, which spans 19,710 hectares, and is centred approximately 20 kilometres northeast of the prolific Sudbury mining camp and near to the extensive infrastructure of the adjacent Sudbury mining district. ESP encompasses several centres 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-per-cent 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, where Canuc has an interest in eight producing natural gas wells and has rights for further in field developments. The company also receives a 4-per-cent net smelter return royalty from gold production at the Scadding gold tailings project, located on mining claim LEA 107735 within the ESP group.

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