Canuc Closes Financing

Toronto, Ontario--(Newsfile Corp. - November 18, 2013) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") is pleased to report it has closed the previously announced non-brokered equity private placement. The equity units were priced at $0.05 per unit and are comprised of a common share and a warrant. Each warrant is exercisable at a price of $0.05 per share for the first two years following the closing date and then at $0.10 per share for the second two years following closing date (the "Warrant"). Gross proceeds of $175,000 were raised in the financing, which was subscribed for by a Director of Canuc. The net proceeds will be used for general working capital purposes. As a result of the financing, there are now 67,670,998 common shares issued and outstanding and 3,500,000 Warrants were also issued.

About Canuc Resources

Canuc is a junior natural resource company with an exploration property in Ecuador and oil and gas wells in Texas. Canuc plans to expand its oil and gas activities in 2014.

For Further Information:
Gary Lohman, President & 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 Canadian-United States exchange rate, grade of ore mined and unforeseen difficulties in mining operations 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 Annual Reports.