(via Thenewswire.ca)
Vancouver, British Columbia / TheNewswire / August 8, 2016. Further to the Management Cease Trade Order dated May 2, 2016 (the
“MCTO”) issued under National
Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203”) in respect of Finore Mining Inc. (CSE: FIN; OTCQX: FNREF) (the
“Company” or “Finore”), the default announcement of the Company dated April 29, 2016 (the “Default Announcement”) and the subsequent bi-weekly default status reports issued on May 16,
2016, May 30, 2016, June 13, 2016, June 27, 2016, July 11, 2016 and July 26, 2016, the Company announces that on July 18, 2016, it
filed the Company’s audited annual financial statements for the fiscal year ended December 31, 2015, Management’s Discussion and
Analysis in respect of the Annual Statements and related certifications. The Company advises that has not yet filed the interim
financial statements for the quarter ended March 31, 2016 and related Management Discussion and Analysis and certifications
(collectively, the “Q1 Required Filings”) and that it expects to file the Q1 Required Filings on or before August 17, 2016, at which point the Company
expects the MCTO to be revoked.
Pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer of the Company
may not trade in securities of the Company until such time as the Executive Director of the British Columbia Securities Commission
revokes the MCTO.
The MCTO does not affect the ability of other shareholders of the Company to trade their
securities.
Other than as disclosed in this press release, there are no material changes to the information contained in the
Default Announcement. The Company confirms that it intends to satisfy the provisions of section 10 of NP 12-203 and will continue
to issue bi-weekly default status reports for so long as the Company remains in default of the financial statement filing
requirements.
On behalf of the Board of Directors,
FINORE MINING INC.
“Peter Tegart”
Peter Tegart
Chief Executive Officer
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Certain information set out in this news release constitutes forward-looking information. Forward looking statements
are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”,
“may”, “will”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. In particular, this news release contains
forward-looking statements in respect of among other things, the filing of the Q1 Required Filings and the timing thereof.
Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of
such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that
the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained
from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers
are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance
that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause
actual results in future periods to differ materially from any estimates or projections of future performance or results expressed
or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in
the Company’s most recent management's discussion and analysis under the heading “Risks and Uncertainties”, a copy of which is
filed on SEDAR at www.SEDAR.com, and readers are cautioned that the risk factors disclosed therein should not be construed as
exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or
assume any obligation, to update these forward-looking statements.
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