Jan. 13, 2011 (Canada NewsWire Group) --
TSX Venture Exchange
Symbol: CDA
Shares Outstanding: 43,504,598
TORONTO, Jan. 13 /CNW/ - Canuc Resources Corporation ("Canuc" or the "Company") wishes to announce the resignation of Mr. Hubert Mockler as President and CEO of the corporation effective immediately. Mr. Mockler, who has been instrumental in Canuc's activities in Ecuador since 1995, will remain with the corporation filling the newly created role of Vice - Chairman.
The Board would like to thank Mr. Mockler for his contribution to Canuc's development and looks forward to his guidance as exploration continues in Ecuador.
Canuc would also like to report that the Board of Directors has approved the appointment of Mr. Gary Lohman as President, CEO and Director. Mr. Lohman has resigned as the COO of the corporation.
About Canuc
Canuc is a junior mining exploration company with its principal properties located in Ecuador and Nova Scotia. Canuc's main holding today is an approximate 85% interest in the Nambija Gold deposit located in south-eastern Ecuador. According to records obtained from the Central Bank of Ecuador, it is estimated that, to date, nearly 3 million ounces of gold have been produced using the most primitive of mining and milling recovery processes from the Nambija area.
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.
| Hub Mockler, President & CEO 416-867-1300 hmockler@canucresources.ca | Ken Murton, Chairman 416-920-2748 kmurton@canucresources.ca |
| Investor Cubed Inc.: Neil Simon Telephone: (647) 258-3310, (888) 258-3323 Fax: (416) 363-7977 E-mail: nsimon@investor3.ca |
