Canuc Resources Corporation Reports On Sample Results Of The Gold-Copper Zone In Nambija, Ecuador Property.

TORONTO--(BUSINESS WIRE)--May 29, 1997--Canuc Resources Corp(CANADIAN DEALING NETWORK CANC.) Canuc Resources Corporation (the "Company") announced today the first results of its extensive sampling program of the gold-copper zone located in the north-eastern portion of its Nambija property in south-eastern Ecuador. The samples numbering 296 in total were taken from the underground workings in a block measuring 300 meters in length, 120 metres in width and 80 metres in depth, averaged 2.58 grams of gold and 2.68 pounds of copper to the tonne. Assuming a density factor of 3 tons to the cubic metre, a block of these dimensions would contain approximately 8.6 million tonnes. As far as can be determined the mineralized area appears to have a minimum length of 650 metres and a width of 300 metres and an average depth of over 200 metres. Given these measurements, the block tested represents only about 8 percent of the gold-copper area. These grades which ran as high as 25 grams of gold and 22 pounds of copper to the tonne are generally considerably higher then those found in the gold-copper deposits currently being mined in northern Chile.

The sampling program, as well as its supervision by Oscar Davila, was recommended to us by our joint venture partner, Placer Dome Inc. All samples were tagged and sealed immediately upon being taken. From there they were shipped to Bondar Clegg's preparation laboratory in Quito and then forwarded to that company's assay facilities in Vancouver.

The principle purpose of this program was not to prove specific reserves but was rather designed to test for the extent and grade of the economic minerals. The results are very satisfactory and prove that this is a significant structure on the property. Moreover, an important feature of this mineral zone is the relatively small amount of overburden present. This feature would allow for easy, low cost development of an open pit mine.

In addition to more extensive sampling in the gold-copper zone, a detailed underground sampling program was also carried out on other parts of the property including the skarn zones located along our west boundary. These results are currently being evaluated and will be reported on at a later date. This sampling also included the Gold Star mine previously reported on.

Canuc currently has 37,719,060 Common Shares issued and outstanding.

The common shares of Canuc are traded on Canadian Dealing Network ("CDN") under the symbol "CANC"

CONTACT: Canuc Resources Corporation

H. J. Mockler, 416/861-1422

416/861-1478 (FAX)