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Exploring in Canada’s Meguma Terrain and Ecuador’s Prolific Gold Belt

TSX-V: CDA

This presentation contains certain “forward-looking statements” and “forward-looking information” under

applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes

forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan,”

“expect,” “project,” “intend,” “believe,” “anticipate,” “estimate,” and other similar words, or statements that

certain events or conditions “may” or “will" occur. Forward-looking information may include, but is not limited to,

statements with respect to the future financial or operating performances of the Corporation, estimated future

capital, operating and exploration expenditures, the future price of gold and copper, the realization of mineral

reserve estimates, the costs and timing of future exploration, requirements for additional capital, government

regulation of exploration, development and mining operations, environmental risks, reclamation and rehabilitation

expenses, title disputes or claims, and limitations of insurance coverage. Forward-looking statements are based on

the opinions and estimates of management at the date the statements are made, and are based on a number of

assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or

results to differ materially from those projected in the forward-looking statements. Many of these assumptions are

based on factors and events that are not within the control of the Corporation and there is no assurance they will

prove to be correct. There can be no assurance that forward-looking statements will prove to be accurate, as actual

results and future events could differ materially from those anticipated in such statements. The Corporation

undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or

opinions should change except as required by applicable securities laws. The reader is cautioned not to place

undue reliance on forward-looking statements.

Unless otherwise stated, the information contained in this presentation is as of April 11, 2011

Disclaimer

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Company Focus

Canuc Resources will create shareholder value by methodically exploring the Mill Village Project in Nova Scotia and the vast potential at Nambija in Ecuador

Canuc’s Mill Village Gold Project is a past high grade producer that has yet to be tested for bulk tonnage potential and quartz vein extensions

Nambija has produced an estimated 3.0 million ounces of gold since the early 1980s, all by artisanal mining means

Recent Drilling at Nambija has confirmed the excellent potential for bulk tonnage mining as well as very high grade selective mining

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Mill Village

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Canuc – Mill Village

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  Width (m) Grade (g/t) Au

S-17 1.68 63.8S-17 0.91 53.1S-18 0.76 246.1S-18 0.30 21.6S-19 0.30 107.3S-20 0.46 30.0S-20 0.46 55.5

Mill Village

Completed a 43-101 report in Dec 2010, recommending $1.2m in exploration

The property includes two historic past producing gold mines with shafts

The Gold Eagle was developed between 1899 and 1902 and the Thompson vein was developed in the mid-1940s

In 1981, Card Lake Copper Mines drilled 21 holes and intersected encouraging gold values

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Mill Village

Mill Village Gold Property is underlain by geology and fold structures that are very favourable for hosting Meguma type, high grade, gold deposits

The geological environment has potential to host much larger disseminated or stacked saddle reef type Au mineralization

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Meguma Gold Deposits, Nova Scotia

Largely forgotten today is the fact that Nova Scotia had its very own gold rush at about the same time as California and the Klondike, and although the results were perhaps not as rewarding, gold has been a significant contributor over the years to the mining economy

Nova Scotia has produced a recorded 1.2 million ounces of gold from the 1860s to the 1950s

Virtually all the declared gold districts are vein deposits in the Meguma Group of the Southern Mainland

The Meguma Group is a six-to nine-mile thick, folded complex of Slates, Greywackes and Quartzites. The ancient marine environment where the clays and sands were deposited was positioned off the coast of Northwestern Africa

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Meguma Gold Deposits, Nova Scotia

With the formation of the Atlantic Ocean, the Meguma Group rocks separated from the African continent, remained attached to North America and formed the southern half of Nova Scotia

In the Appalachian Mountain Range, the Meguma Group is unique as it is “the only outcropping remnant of Africa left in North America”

Extensive exploration in the Meguma Group has historically been limited due to the thick glacial till cover

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Meguma Gold Deposits, Nova Scotia

Disseminated gold, recently recognized peripheral to the veins, has added a new geological dimension to the Meguma mineralization

This has created a new surge of exploration focused on the potential of bulk tonnage minable resources

Recently, companies including Osisko and Atlantic Gold are in advanced exploration in the Meguma, in and around past producers

These efforts are proving to be successful

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Mill Village – 2011 Exploration

A comprehensive work program consisting of line cutting, ground geophysics, till sampling, diamond drilling and underground sampling is scheduled to commence in the spring

The Gold Eagle Mine is to be dewatered in preparation for underground drilling and bulk sampling

Bench scale recovery tests and plant design will follow

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Ecuador

An Andean country situated between Peru and Colombia with a Nascent mining industry

Recent confusion over Ecuador’s ambiguous new mining laws are being addressed

Exploration and mining permits being reissued to the many international explorers and miners

Since Peru instituted its clear and fair mining law in 1991, it has become #1 in Ag, #2 in Cu and Zn and #5 in Au Production

Peru’s highly prolific North-Central Mineral Belt extrapolates into Ecuador

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EcuadorRecent Discoveries – Within the Mineral Belt Extension from Peru

Aurelian’s Fruta Del Norte > 13 million ounces at > 14g/t

Purchased by Kinross in 2008 for $1.2 billion

Corriente’s Copper Belt > 25 billion lbs of Cu

Purchased by a Chinese Group in 2010 for $680 million

Dynasty Metals and Mining Zaruma Gold Project – 1.1 million ounces at 13 g/t Au

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Ecuador’s Economy

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Ecuador Mining Law

In April 2007, the new Correa Government surprisingly issued a decree, effectively freezing hundreds of exploration rights

On January 29, 2009, a new mining law was published in the Ecuadorian Government’s official registry and has now taken effect

Correa’s “It’s paradoxical, but the large mining companies generate less environmental impact than the small ones, let us not be misled compatriots.”

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New Mining Law

November 2009 – Kinross received approval from the Ecuadorian government to re-commence exploration at Fruta Del Norte

May 2010 – Kinross announced that it had completed its 18,000m infill drilling program

July 2010 – Kinross received its Environmental License for the concession where the exploration decline has been proposed

Kinross was the first company to receive such an Environmental License under the new Law

April 2011 – the Vice-Minister of Mines and 200 support staff are being relocated to Zamora, 8 kilometres from Nambija, providing immediate access for Kinross, Corriente and Canuc

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Old Spanish Workings, Nambija

Nambija

Nambija without exception has and continues to be the most productive gold belt in Ecuador

Production at Nambija dates back to the Colonial times when the Inca mined the mountain side

A minimum of 3 million ounces of gold production since the 1980s (as per the National Bank in Zamora)

Rediscovered in the early 1980s, it was the last great gold rush in the Americas

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Nambija

Due to the rapid influx of people, the government implemented mining controls by forming two condominios, Norte and Sur, the titles properly constituted under the mining act

Miners who could verify their workings were given a mining right in either one or the other Condominios with no further miners allowed to enter

This gave the mining rights holders joint ownership of the land and rules were put in place to control all activity

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Norte and Sur Condominios

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Nambija - Canuc

The legal formalization of mining titles allowed Canuc to purchase these rights from the respective owners and following the acquisition of the GoldStar Mine, Canuc commenced to increase its land position

By 1998, Canuc had acquired 86.6% ownership of Condominio Norte and 80% ownership of Condominio Sur

By 1999, the gold market had softened and the project was put on care and maintenance

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Nambija

68.7 hectares, centrally located in the historic Nambija Au Belt

Two deposit types are documented – Au Skarn and Epithermal Au

In 1997, Placer Dome suggested the potential for the discovery of a large Cu Porphyry at depth (see Corriente)

Drilling and underground sampling in 2010 continues to support this concept

Additional land adjacent to the property is being investigated for acquisition

Mining majors previously on the property include:

• Consolidated Goldfields Ltd. (extensive surface sampling in the 1990s)

• Placer Dome Inc. (DDH program in the 1990s)

• Barrick Gold Corp. (site visits in the 1990s)

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2010 Exploration

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Management

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Share Capital(As of April 2011)

Common Shares 47,997,598

OptionsJune 24 2011 ($0.25) 500,000August 19 2011 ($0.25) 700,000August 19 2011 ($0.15) 100,000November 23 2012 ($0.25) 300,000December 22 2012 ($0.275) 300,000April 29 2013 ($0.25) 100,000May 25 2013 ($0.25) 200,000June 29 2013 ($0.25) 1,600,000July 1 2013 ($0.25) 350,000

Warrants June 1 2011 ($0.25) 400,000August 25 2011 ($0.15) 200,000June 30 2011 ($0.25) 270,000September 18 2012 ($0.25) 148,100March 18 2013 ($0.25) 3,728,000

April 5 2013 ($0.25) 6,575,000

Fully Diluted 63,268,698Inside Ownership ≈20%Major Institutional Holders

Hinde Capital, Sprott, Epic, Salida) ≈20%