Canuc Recommences Exploration at the San Javier Silver-Gold Project

Following the drilling program, focus was directed towards the east-central portion of the property. Previous sampling had identified several high-grade vein prospects that are accompanied by stockwork quartz veining and large hydrothermal breccia zones. These include the Carranza/Lydia, Jazmin and Cerro Colorado breccia zones. The 2018 work program indicated that these breccia zones are associated with the intersection of the northeast trending vein zones and north to northwest trending cross-fault structures. The latter faults and the breccia/stockwork related mineralization may be related to hydrothermal activity associated with nearby intrusions and known porphyry/IOCG style mineralization. At the Carranza/Lydia zone, sampling in 2017 resulted in a 10 metre breccia interval, cut on surface, that assayed 210 g/t Ag and 5.0 g/t Au. Also in 2017, sampling of the Jazmin Zone assayed up to 197 g/t Ag and 1.15 g/t Au over 1.7 m. Previous sampling at the Cerro Colorado Zone east of Jazmin, returned an 11.3 m wide interval that assayed 285 g/t Ag and 0.21 g/t Au. Sampling in 2017 of the Little Pit Prospect located in the extreme northeast end of the property, more than 2,500 metres along strike from the Santa Rosa mine workings, assayed 477 g/t Ag and 0.41% Cu. The San Javier Silver-Gold Project covers the favourable structural corridor along a strike length of more than 3 km.

The current work program involves a 5-person crew stationed at a basecamp in the nearby village of San Javier. The focus of the program is to locate and evaluate large scale breccia zones, particularly those that occur at the intersection of known veins and crosscutting fault structures. The work was initiated in the northeastern part of the property in the area of the Little Pit Prospect. At least 350 samples are anticipated to be collected. Results will be reported as they become available.

Seymour M. Sears, B.A., B.Sc., P.Geo is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.

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