Toronto, Ontario--(Newsfile Corp. - March 8, 2017) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the
"Company") is pleased to announce the addition of new members to the Company's Board and Management team.
Board
Mr. Bruce Reid and Paul Davis have joined the Board of Directors.
Mr. Bruce D. Reid, B.Sc., B.Comm., B.Geo. served most recently as Executive Chairman of Carlisle Goldfields Limited, as well as
a Director. Mr. Reid was the President and Chief Executive Officer of the Corporation from January 2010 until January
2014. Mr. Reid is also a Director of SGX Resources Inc. and other public companies. Mr. Reid was also the President and
Chief Executive Officer of U.S. Silver Corp. (a mining company) from June 2006 to November 2009 as well as Vice-President,
Corporate Finance of Research Capital (an investment dealer) from 2002 to 2006. Mr. Reid brings to the Corporation extensive
experience in corporate finance and in the mining and mineral exploration industry. His background includes more than 30
years of direct and indirect experience in the mining and mineral exploration industry following graduation with a B.Sc. in Geology
from the University of Toronto in 1979 and a finance degree from the University of Windsor in 1982.
Mr. Paul Davis. B.Sc. (Hon), M.Sc., has more than 25 years of exploration and mine management experience in base metals,
precious metals and industrial minerals. Most recently, Mr. Davis was VP Exploration at First Nickel Inc. and over his career he
has discovered , built and operated mines, including raising more than $150M in equity and debt financing. Mr. Davis serves as Vice
President Technical Services and as a Director for Rogue Resources Inc. Mr. Davis graduated from the University of Western Ontario
(BSc- Honors Geology) and the University of Alabama (MSc- Economic Geology).
Management
Mr. John Nebocat, P.Eng, has joined Canuc as Vice President Exploration. Mr. Nebocat has been an independent consulting
geologist for over 20 years and has more than 40 years of experience in earth sciences and mineral exploration. He has worked as a
geologist with Newmont Exploration of Canada, as Exploration Manager with Kookaburra Gold Corp and since 1993 as a consultant for
Peruvian Gold Limited, Tumi Resources Ltd and Tinka Resources Ltd, and others He served as a Director of Anglo-Canadian Mining
Corp. (alternate name Anglo-Canadian Uranium Corp.) from June 20, 2008 to April 3, 2009, and more recently Mr. Nebocat served as
Vice President of Exploration at Tinka Resources Ltd. from January 2013 to April 2015. Jurisdictions in which Mr. Nebocat has
experience include: Canada, Peru, Mexico, Argentina, Ecuador, Sweden and Finland. Prior to working in the mineral exploration
sector, Mr. Nebocat was employed by the B.C. Department of Mines & Petroleum Resources , performing geological mapping. He is a
Member of the Association of Professional Engineers and Geoscientists of British Columbia and also the Geological Association of
Canada. Mr. Nebocat graduated from the Montana College of Mineral Science and Technology, Butte, Montana with a B.Sc. in Geological
Engineering (Honours) in 1984.
Mr. Julio DiGirolamo CPA, CA is a Chartered Professional Accountant and the Chief Financial Officer of the Company. Mr.
DiGirolamo has 22 years of senior-level public company experience including, most-recently, four and a half years as CFO for
Carlisle Goldfields Limited, a TSX-listed gold exploration company, until its sale to Alamos Gold Inc. in January 2016. Mr.
DiGirolamo also serves as CFO for SGX Resources Inc. and Satori Resources Inc. He began his public market experience while holding
various senior roles during his five years with Greenstone Resources Ltd., a TSX and NASDAQ-listed gold mining company with
activities focused in four Latin American countries. Mr. DiGirolamo has also been the Chief Financial Officer of Asia Now Resources
Corp., a TSX Venture Exchange-listed junior exploration company, and Chief Financial Officer and Corporate Secretary of Innovium
Media Properties Corp., a TSX Venture Exchange-listed early stage investor. During his time at Innovium he also acted as interim
Chief Financial Officer at Seed Media Group LLC and as Chief Financial Officer, Corporate Secretary and member of the Board of
Directors of Atlantis Systems Corp. Mr. DiGirolamo is currently the Audit Committee Chair on the Board of Directors of GTA
Resources and Mining Inc. and, over his career, has served on the boards of various public and non-profit organizations.
Mr. Christopher J. Berlet BSc (Mining), CFA has been appointed CEO. Mr. Berlet is a graduate of Mining Engineering from Queen's
University and holds a Diploma in Accounting and Finance from the London School of Economics and Political Science. Mr. Berlet is a
CFA Charter Holder and has business experience in both finance and the mineral industries. Mr. Berlet is a Director and Officer of
Stakeholder Gold Corp. and is also a Director of Rogue Resources Inc.
Mr. Mockler has been appointed as Executive Chairman and President of Canuc. Mr. Mocker previously held the position of CEO for
the Corporation from 1993 to 2003 and in 2007. Mr. Mockler's business career has been dedicated to the resource sector where he has
been involved in the management and analysis of mineral and oil and gas projects on a worldwide basis including Canada, Ecuador,
the United Kingdom, Australia, Peru, Mexico, Costa Rica and the United States. Early in his career Mr. Mockler was a Mining Analyst
at the investment firm of Greenshields Inc. and also managed the Investment Research department at Mead & Co., both based in
Montreal. In the 1960's, Mr. Mockler served as the Special Assistant to the management of Power Corporation responsible for mergers
and acquisitions. Between 1969 and 1978, Mr. Mockler served as President of Merrill Island Mining Co., which operated a 600 ton/day
copper-zinc mine in Chibougamau, Quebec and as President of Bulora Corporation, which purchased and operated the Madsen Red Lake
gold mine in Red Lake, Ontario. Mr. Mockler holds a degree in geology from the University of New Brunswick.
Ms. Anita Bailey has been appointed as Corporate Secretary of Canuc. Ms. Bailey has 30 years of experience in the mining
industry and has extensive skills in financial accounting, corporate management and in the senior-level administration of public
companies. Ms. Bailey's experience includes four and a half years as Controller for Carlisle Goldfields Limited, a TSX-listed gold
exploration company which was sold successfully to Alamos Gold Inc. in January 2016. Ms. Bailey also served, for over four and a
half years, as Controller of Colombia Goldfields Ltd. a TSX-listed company sold to Medoro Resources Ltd.in November 2009, and
served for twelve years with Greenstone Resources Ltd., a TSX and NASDAQ-listed gold mining company with activities focused in four
Latin American countries. Ms. Bailey held various roles with Greenstone Resources Ltd., spending the last five of the twelve years
as Assistant Treasurer. Ms. Bailey is a member of Corporate Governance Professionals of Canada ("CGP"); Institute of Professional
Bookkeepers of Canada ("IPBC") and The Canadian Payroll Association ("CPA").
In connection with these appointments, 2,200,000 options have been issued to Officers and Directors of the Corporation. These
options have a 3 year term expiring March 3rd, 2020 and a $0.50 (50 cent) exercise strike price.
About Canuc
Canuc is a junior resources company engaged in the exploration and development of mineral properties in North America. In
addition, the company is active in the development of a natural gas field in Central West Texas where it has an interest in seven
producing gas wells. These wells generate a sustainable cash-flow with the potential to increase income by the drilling and
completion of additional wells.
For more information on the content of this release or about Canuc, please contact
Christopher J. Berlet, CFA
CEO
416 525 - 6869
cberlet@canucresources.ca
Disclaimer and Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
Forward-Looking Statements: This news release contains forward-looking statements that include
risks and uncertainties. When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend",
"believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to
identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date
on which they were made. The factors that could cause actual results to differ materially from those indicated in such
forward-looking statements include changes in the prevailing price of gold, the prevailing price of natural gas, the
Canadian-United States exchange rate, amount of gas produced that could affect revenues and production costs. Other factors such as
uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Company's annual
financial statements and MD&A.
