Canuc closes $2.79-million private placement

Mr. Christopher Berlet reports CANUC CLOSES FLOW-THROUGH PRIVATE PLACEMENT Canuc Resources Corp. has closed a $2.79-million flow-through private placement financing. The closing of this private placement results in the issuance of 18 million units. Each unit consists of one flow-through common share priced at 15.5 cents per common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at 18 cents for a period of two years from the closing of the private placement. Each whole warrant has an early exercise provision that allows the company to trigger exercise of the warrant when the 10-day average price of common shares traded on the TSX Venture Exchange exceeds 24 cents per share. Thirty days after the trigger date, any unexercised warrants will be deemed to be null and void. All securities issued under this private placement will be subject to a hold period expiring four months and one day from the date of closing. Proceeds will be used for exploration of the company's East Sudbury project. The final closing of this private placement is subject to acceptance by the TSX Venture Exchange. About Canuc Resources Corp. Canuc 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 iron oxide copper/gold 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. We seek Safe Harbor.