HUDSON RIVER MINERALS LTD V.HRM

Hudson River Minerals Ltd.: Corporate Update

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Hudson River Minerals Ltd.

TSX VENTURE : HRM

August 30, 2013 09:03 ET

Hudson River Minerals Ltd.: Corporate Update

TORONTO, ONTARIO--(Marketwired - Aug. 30, 2013) - Hudson River Minerals Ltd. ("Hudson River" or the "Company") (TSX VENTURE:HRM) announces today that the Cease Trade Orders previously issued against the Company by the Ontario Securities Commission and the British Columbia Securities Commission have been fully revoked. The Company has made an application to have its shares reinstated to trading on the TSXV and expects trading to resume shortly.

The Company also announces the re-filing of its interim financial unaudited financial statements and related MD&A for the three month period ended March 31, 2013 and for the six month period ended June 30, 2013. In connection with the Company's application to the Ontario Securities Commission and the British Columbia Securities for a full revocation of the cease trade orders issued against the Company, the Ontario Securities Commission conducted a review of the Company's continuous disclosure filings and required the Company to file restated financial statements and MD&A for (a) the three month period ended March 31, 2013 to correct for typographical and addition errors in the comparative figures and expand on the disclosure for other explanatory information which was not provided in the unaudited interim financial statements and corresponding MD&A previously filed; and (b) the six month period ended June 30, 2013 to correct the accounting of the sale of its formerly owned Forge Lake Property and to expand on the disclosure for other explanatory information which was not accounted for and provided in the unaudited interim financial statements and corresponding MD&A previously filed. The restated interim financial statements and corresponding MD&A for the first two quarters of 2013 can be found on the Company's profile at www.sedar.com.