Navy Resources Corp. (TSX-V: NVY) (the “Company”) announces that further to its news release dated March 6, 2020 wherein the Company advised that proposed to acquire an option of the Hot Springs Range Mineral Project, subject to TSXV approval, the Company has now filed the required 43-101 report in support of the filing and is awaiting comments. The option, if approved by TSXV, will constitute the Company’s fundamental asset acquisition to meet Tier 2 continued listing requirements. The independent technical report reviews the Hot Spring Project’s area and local geology and recommends a two phased exploration program totaling US$200,000.
Trading will remain halted as per TSXV Policy while documents are filed and reviewed in regards to the fundamental acquisition.
On behalf of the Board of Directors,
CFO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.