CDA Canuc Resources Corporation

TORONTO, July 12, 2011 /CNW/ -- TSX Venture Exchange Symbol: CDA Shares Outstanding: 55,635,798 TORONTO, July 12, 2011 /CNW/ - Canuc Resources Corporation ("Canuc" or the "Company") announces that it has granted options to employees, officers and directors of the Company entitling them to purchase an aggregate of 1,925,000 common shares of the Company, pursuant to the Company's Stock Option Plan approved by the shareholders.  Each option entitles the holder thereof to purchase one common share at a price of $0.25 per common share for a period of three years. Under the Company's stock option plan, a maximum of 10% of the issued shares of the Company at any time may be reserved for issuance at the time of the stock option grant. Canuc is also pleased to announce the appointment of Mr. Christopher Chadder as Chief Financial Officer. Mr. Chadder is a Chartered Accountant with over 20 years' experience as a business advisor and senior officer to junior resource companies. Mr. Chadder will work with current management to enhance the company's business development, financial compliance and financial reporting strategies. About Canuc Canuc is a junior mining exploration company with its principal properties located in Ecuador. Canuc's main exploration project is an approximate 85% interest in the Nambija Gold Project located in southeastern 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. 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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/12/c4984.html table valign="top" border="0" tr td Gary Lohman, President & CEObr/ 416-867-1300br/ a href="mailto:glohman@canucresources.ca"glohman@canucres/aa href="http://glohman@canucresources.ca"ources.ca/a    /td td Hubert Mockler, Executive Vice Chairmanbr/ 416-867-1300br/ a href="mailto:hmockler@canucresources.ca"hmockler@canucresources.ca/a /td /tr /table p   /p

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