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Pedro Resources Announces Reliance Upon Annual Financial Statement Filing Exemption

VANCOUVER, British Columbia, April 20, 2020 (GLOBE NEWSWIRE) -- Pedro Resources Ltd. (TSXV: PED.H) (the “Company”) announces that pursuant to the blanket relief granted by the Canadian Securities Administrators it will not file its annual financial statements for the year ended December 31, 2019, and the related management's discussion and analysis, as required by Parts 4 and 5 of National Instrument 51-102 – Continuous Disclosure Obligations (collectively, the “Annual Filings”) prior to the filing deadline of April 29, 2020. 

The Company expects to report its Annual Filings results on or about June 12, 2020 and is afforded a postponement of up to a maximum 45-day extension pursuant to blanket relief for all market participants granted by the Canadian Securities Administrators.

Other than as disclosed in the Company's press releases, there have not been any material business developments since the date that the last financial statements of the Company were filed.

The Company confirms that its management and other insiders are subject to an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207 –Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, such that they are in a black-out period until the commencement of the second trading day after the Annual Filings have been disclosed by way of a news release.

About Pedro Resources Ltd.

Pedro Resources Ltd. is a Canadian exploration company listed on the TSX Venture Exchange (symbol PED.H) focused on Technology, vanadium exploration and development.

For further information, contact Corporate Communications, at 647-946-2286 or visit the Company’s website at

On behalf of the Board, Pedro Resources Ltd.

John Dyer, Director   

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

This news release may contain forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

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