Canuc Resources Corp.

(CDA)

Canuc Resources Corporation is a junior mining exploration company focusing on exploring and developing assets in the America's.

Primarily known for its acquisition of the Nambija property in Ecuador, Canuc expanded into North America in November 2010 by optioning the Mill Village gold property in Queens County, southwestern Nova Scotia. The Mill Village Property includes two small historic past producing gold mines, the Gold Eagle and Thompson, plus numerous other gold occurrences associated with quartz veining within the Meguma structural terrane. The Meguma Group rocks host the majority of Nova Scotia's gold deposits historically producing more than 1.2 million ounces of gold between 1860 and 1930.

In July 2011, Canuc acquired MidTex Oil and Gas Corporation which owned a producing gas well and a lease on 320 acres in Stephens County Texas. The acquisition of MidTex, although outside of Canuc's main area of business, was completed for strategic purposes, as a means of providing the company with cash flow in order to continue to develop its primary assets. Since its acquisition, the Midtex assets have expanded to include a 20% working interest (16% net revenue interest) in the 1,000 acre Thompson Lease and more recently, a 15% working interest (12% net revenue ) interest in the 3,000 acre Walker Buckler lease located in Shackleford County Texas.

At present, the Company has gas production from 4 wells including 2 on the original Midtex lease, the initial well on the Thompson and more recently, the first well on the Walker Buckler.

All leases benefit from the presence of low pressure gas pipelines which makes the gas immediately saleable without excessive transportation charges. Condensates within the gas also allow Canuc to sell the gas at a premium to market.