| In a press release issued earlier today by Jaguar Resources Inc. (TSX-V:JRI), please note that information provided in the original announcement may have had incorrect or outdated information. The correct release follows: CEASE TRADE ORDER AND RESTATEMENT OF OIL AND GAS RESERVES AT MURRAY LAKE CALGARY, Alberta, May 09, 2018 -- Jaguar Resources Inc. ("Jaguar" or the "Company") (TSX-V:JRI), advises that on May 4, 2018, the Alberta Securities Commission (the "ASC") issued a general cease trade order against Jaguar as a result of the Corporation's delay in filing its audited financial statements for the financial year ended December 31, 2017, the related management's discussion and analysis, and related CEO and CFO certifications (collectively, the "Annual Filings"). The delay in filing the Annual Filings has resulted from a determination by the Company and its auditors that a restatement would be required for the 2015 and 2016 fiscal years because of changes required to be made to the Company's annual oil and gas reserves evaluation as it pertains to five (5) non-producing wells located at Murray Lake, Alberta. The Company expects to file its Annual Filings, including its Form 51-101F1 - Statement of Reserves Data and Other Oil and Gas Information, on or before the end of May 2018. For further information please contact: Corbin Blume, CEO Jaguar Resources Inc. 730, 1015 - 4th Street SW Calgary, Alberta T2R 1J4 Main Phone (403) 975-4009 Fax (403) 264-5455 Email: ahblume@shaw.ca |