Canuc Announces Share Consolidation

Toronto, Ontario--(Newsfile Corp. - February 12, 2026) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) (WKN: A14ZX4) ("Canuc" or the "Company") announces that the Company intends to consolidate its common shares on the basis of ten (10) pre-consolidation common shares for one (1) post-consolidation common share (the "Consolidation").

The Company currently has 284,531,484 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have approximately 28,453,148 common shares issued and outstanding. Some slight variance is expected as a result of fractional rounding. Fractional shares will be rounded down to the nearest whole number, with no additional consideration. The Consolidation is being implemented pursuant to the authority granted to the board of directors by shareholders at the annual and special meeting of shareholders held on December 21, 2018, which authorized the board to effect a consolidation of the Company's common shares at a ratio of up to ten (10) pre-consolidation common shares for one (1) post-consolidation common share, in the board's discretion.

All outstanding warrants, stock options, and other convertible securities of the Company will be adjusted in accordance with their respective terms to reflect the Consolidation. This will include an increase to applicable exercise or conversion prices by a factor of 10 and a corresponding reduction in the number of common shares issuable upon exercise or conversion by a factor of 10.

The Consolidation remains subject to the final acceptance of the TSX Venture Exchange (the "TSX-V"), and the Company expects the Consolidation to become effective as soon as such final approval is obtained which is expected to be February 17^th, 2026. Post consolidation CUSIP and ISIN numbers will be confirmed in a subsequent news release following receipt of final approval from the TSX-V. The Company's trading symbol will remain unchanged.

Holders of common shares of the Company who hold uncertificated shares (that is, shares held in book-entry form and not represented by a physical share certificate), either as registered holders or beneficial owners, will have their existing book-entry account(s) electronically adjusted by the Company's transfer agent or, in the case of beneficial shareholders, by their brokerage firms, banks, trusts, or other nominees that hold such shares in street name for their benefit. Such holders generally do not need to take any additional action to exchange their pre-Consolidation shares for post-Consolidation shares. Beneficial shareholders who have questions are encouraged to contact their respective nominees.