NOTICE OF DEFAULT UPDATE Mojave Gold Corp. did not file its annual financial statements and management's discussion and analysis for the fiscal year ended Aug. 31, 2020, by the filing deadline of Dec. 29, 2020, and as a result, is in default of its obligations under Part 4 of National Instrument 51-102 (Continuous Disclosure Obligations).
The company has requested from the applicable Canadian securities regulators that a management cease trade order related to the company's securities be imposed against some or all of the persons who have been directors, officers or insiders of the company. A management cease trade order was issued on Dec. 30, 2020. This order does not generally affect the ability of persons who have not been directors, officers or insiders of the company to trade the company's securities.
The company intends to satisfy the alternative information guidelines set out National Policy 12-203 (Cease Trade Orders for Continuous Disclosure Default) by filing biweekly default status reports, as required, until such time as the financial statements and MD&A are filed.
The company advises that there are no material changes to the information contained in the default announcement or particulars of the failure, and there is no material information concerning the affairs of the company that has not been generally disclosed. The company does not anticipate any subsequent defaults under National Instrument 51-102 (Continuous Disclosure Obligations).