Canuc Resources Corporation 2021 Mid-Year Exploration Update

A Note From Our President, CEO & Director

After a few false starts at San Javier, we have been able to resolve the diamond drill setup and logistic issues and have this week begun drilling on two shifts per day. We are now anticipating rapid progress and a steady stream of results through August and September 2021.

There are several sample sets in the assay lab at this time. Samples were derived from both recent surface sampling work and from drill core splits. We are anticipating production of between 40m and 50m of drill core per day for the foreseeable future and have identified 5 distinct magnetic-high targets for drill testing. The magnetic-high anomalies have been calculated to be found at depths ranging from 250m to 300m.

The silver mountain breccia body has been exposed by the D6 over 1,000 meters of strike length. Cross-cut roads developed through the breccia body by the D6 will be comprehensively sampled and mapped starting next week.

The Company’s engineering staff recently spent a few days using the sensitive geophysical equipment which we had deployed to site in the search for water. This was an activity which the Company supported specifically to assist the Ejido of San Javier whose principal concern, as expressed to Company management, had been locating fresh well water. The Company has been successful in locating new water sources for the Ejido of San Javier which has enhanced community relations.

Our geological interpretation for San Javier remains unchanged. We believe the magnetic anomalies scheduled for drilling represent IOCG deposit type potential. Our interpretation suggests that the economic target metals can be silver, copper and gold.

We expect to be able to provide meaningful exploration progress updates beginning in the latter part of Q.3 2021.

Christopher J. Berlet BSc (Mining), CFA

President & CEO, Canuc Resources Corp.

See below:

Recent quick video clip from CEO interview with Resource Global Network in London, UK.