Ecuador continues to show its commitment to the Mining Sector

TSX Venture Exchange
Symbol: CDA
Shares Outstanding: 43,504,598

TORONTO, Feb. 3 /CNW/ - Canuc Resources Corporation ("Canuc" or the "Company") is pleased to announce that the Ecuadorian Government continues to show its commitment to the mining industry. The government will be re-locating the newly appointed Vice Minister of Non-Renewable Natural Resources, Ing. Federico Auquilla, to a new office complex in Zamora Ecuador; located about 8 kilometres from Nambija, where Canuc's mining operations are located. Ing. Auquilla is well known in the Mining Sector and is most supportive of the mining industry. Ing. Auquilla will be accompanied by approximately 200 support staff.

On January 25th, 2011, two representatives of Canuc, Mr. G. Lohman, President and CEO and Mr. J. Guzman, General Manager, Ecuador, met with Dr. Jorge Eduardo Calvas, the Sub-Secretary of Mines, Zone 7 south, to discuss numerous topics including the upcoming move and were most favourably impressed by the government's proactive approach particularly as it relates to the previously announced decision to begin a programme of environmental remediation in and around the village of Nambija. This program will involve soil stabilization in areas that are prone to mudslides and the sealing of entrances to some of the more dangerous underground workings. Mr. Lohman states that "having the department and knowledgeable officials readily accessible to work with the company is a very positive step and we look forward to a continued dialogue with the government as the Nambija project develops".

Located in the south-eastern portion of the country, the town of Zamora is the hub which services many companies including Kinross Gold Corporation, Corriente Resources Inc., and the Company.

President Correa is scheduled to officially open the new ministry facility on February 15, 2011.

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.


SOURCE Canuc Resources Corporation

For further information:

Gary Lohman, President & CEO     Ken Murton, Chairman
416-867-1300       416-920-2748
glohman@canucresources.ca     kmurton@canucresources.ca
Investor Cubed Inc.:
Neil Simon
Telephone: (647) 258-3310, (888) 258-3323
Fax: (416) 363-7977

Profil de l'entreprise

Canuc Resources Corporation

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