Canuc Resources Corporation Reports Issuance of Stock Options

TORONTO, ON / ACCESSWIRE / May 17, 2016 / Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") is pleased to report the issuance of 150,000 stock options to Directors and Officers of the Company and 160,000 options to Consultants of the Company. The options were issued with a strike price of $0.10 per share and have an initial term of 3 years.

About Canuc

Canuc Resources Corporation is a junior resources company engaged in the exploration and development of mineral properties in North and South 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 the income stream by the drilling and completion of additional wells.

For Further Information:

Hub Mockler, Chairman & CEO
416-867-1300

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.

SOURCE: Canuc Resources Corporation