Composite Alliance Group Announces Update on Operations

Calgary, Alberta--(Newsfile Corp. - March 19, 2020) - Composite Alliance Group Inc. (TSXV: CAG) (formerly CanAsia Financial Inc.) (the "Company" or "CAG")  announces that as a result of the global COVID-19 pandemic and the French government's latest measurement to request that all people stay at home and avoid unnecessary travels domestically for the coming 15 days, most offices and factories in France are shut down and the borders are closed. CAG's main operations are through its subsidiary Techni Modul Engineering S.A. located in Clermont-Ferrand, France and they have been shut down as well. The Company will maintain minimum operations in the office at this time.

The Company will continue to monitor the rapidly changing developments concerning the pandemic and wishes health and safety to its employees, customers, shareholders and all those affected by the pandemic.

For further information, please contact Dale Burstall, Corporate Secretary and Director, via email at dale@burstall.com.

Forward Looking Statements

This news release may contain certain forward-looking information and statements. Statements containing the words: 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of similar meaning are forward-looking. All statements included herein involve various risks and uncertainties because they relate to future events and circumstances beyond the Company's control. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. Any forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53613