Canuc Resources Corporation Grants Stock Options and Announces new CFO

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.



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table valign="top" border="0" tr td Gary Lohman, President & CEObr/ 416-867-1300br/ a href="mailto:[e-mail]"glohman@canucres/aa href="http://[e-mail]"ources.ca/a    /td td Hubert Mockler, Executive Vice Chairmanbr/ 416-867-1300br/ a href="mailto:[e-mail]"[e-mail]/a /td /tr /table p   /p 

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