Canuc Provides Management Update

Toronto, Ontario--(Newsfile Corp. - October 8, 2014) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") wishes to report changes in its management structure. Effective October 1st 2014, Mr. H.J. Mockler will assume the position of CEO. Mr. Mockler was President and CEO of the Corporation for nearly 20 years until 2011 when he became Chairman of the Corporation. During that time Mr. Mockler guided the Company through some very difficult years managing to keep the Corporation solvent and active in mineral exploration. Through his efforts Canuc acquired some acreage in West Central Texas that had potential for oil and gas. This resulted in Canuc working closely with Marjac Oil Company, Inc. of Breckenridge, Texas. Over the past four years Marjac has drilled and completed nine producing gas wells in which Canuc has varying interests, from 15% to a 100% working interest. Canuc has a 20% working interest in the six most prolific wells, the Thompson wells. The currently producing wells are generating operating cash flow of approx. US$45,000 per month. In addition, the Company's land position will allow for the drilling of several more wells which could materially increase Canuc's monthly cash flow.

Mr. Gary Lohman has resigned as President and CEO to pursue other activities. However, he will continue to serve as a member of the Board of Directors. He will also be available to consult on mineral properties which the Company is seeking to acquire.

"With the cash flow generated by the gas production in Texas, Canuc believes that it is in a strong position to acquire attractive mineral properties", states Hub Mockler, Chairman and CEO of Canuc.

About Canuc

Canuc is a junior natural resource company that is active in the oil and gas sector in Texas and will be expanding its activities in 2014 and 2015.

For Further Information:
Hub Mockler, Chairman & CEO
416-867-1300

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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.