North Sur Resources Inc. Announces Full Revocation of Cease Trade Order

Calgary, Alberta--(Newsfile Corp. - February 25, 2020) - North Sur Resources Inc. (the "Corporation") is pleased to announce that the Alberta Securities Commission ("ASC"), as principal regulator, has issued the Corporation a revocation order dated February 24, 2020 granting full revocation of cease trade order previously issued by the ASC.

The ASC, as principal regulator, previously issued a cease trade order against the Corporation on May 8, 2017 (the "CTO") and the British Columbia Securities Commission cease traded the Corporation on May 9, 2017. The CTO was issued against the Corporation due to the Corporation's failure to file its certification of annual filings, annual audited financials and annual management's discussion and analysis for the year ended December 31, 2016.

The Corporation has filed its: (i) annual audited financials and annual management's discussion and analysis for the years ended December 31, 2018 and 2017; and (ii) interim financial statements and management's discussion and analysis for each of the three and nine months ended March 31, 2019, June 30, 2019 and September 30, 2019 (collectively, the "CD Materials"). Copies of the CD Materials can be found on the Corporation's profile on the System for Electronic Document and Retrieval ("SEDAR") at www.sedar.com. The trading in, and acquisition of, securities of the Corporation is no longer prohibited.

Additional Information

Further information concerning the Corporation can be found under the Corporation's profile on the SEDAR website at www.sedar.com.

Forward-looking Information

This news release may include 'forward-looking information', within the meaning of Canadian securities legislation, about the business of the Corporation. Forward-looking information is based on certain key expectations and assumptions made by the Corporation's management, including future plans for the Corporation. Although the Corporation believes that the expectations and assumptions on which such forward-looking information is based are reasonable, investors should not unduly rely on the forward-looking information because the Corporation cannot assure that it will prove to be correct. Forward-looking statements in this news release are made as of the date of this news release. The Corporation disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

For further information, please contact:

Dr. Robert Falls
Chief Executive Officer, Chief Financial Officer and Corporate Secretary
Tel: (604) 219-4410

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52777