Apex Resources Inc. Provides Update Regarding Cease Trade Order
APEX RESOURCES INC.
Suite 500, 666 Burrard Street
Vancouver, British Columbia, V6C 2X8
www.apxresources.com
February 9, 2021 TSX Venture Exchange Symbol: APX
Apex Resources Inc. Provides Update Regarding Cease Trade Order
February 9, 2021, Vancouver, BC., Apex Resources Inc. (“Apex”) (TSXV: APX) was issued a
Cease Trade Order (the “Cease Trade Order”) by the British Colu mbia Securities Commission
(the “Commission”) on November 19, 2020, related to NI43-101 de ficiencies previously
announced in the Company’s news release dated November 20, 2020.
In order to lift the Cease Trade Order Apex engaged Moose Mountain Technical Service s
(“MMTS”) of Cranbrook, B.C. for the preparation of updated reso u r c e e s t i m a t e s f o r t h e E a s t
Emerald Tungsten Deposit on its Jersey-Emerald Property and the Kena and Gold Mountain
zones on its Kena-Daylight Gold property. Both properties are l ocated in southeastern British
Columbia.
The MMTS program commenced on December 14, 2020. The program h as involved compiling
all historic property work including surface and drill core assays, completing site visits, drill core
inspections and confirmation core sampling by MMTS.
MMTS has informed Apex that in light of deep snow conditions on the property, they have been
unable to complete a full prope rty inspection. The only course of action is to wait until the snow
melts and publish the reports after a full site visit is possib le. MMTS and Apex have discussed
the situation with the Commission and have been informed that t he cease trading will remain but
can be rectified once the reports are filed. Because of this de lay Apex will have to file a
Revocation Application following acceptance of the resource estimates.
The Company will provide updates as and when warranted.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: [email protected] or [email protected]
This release was prepared by Apex's management. Neither TSX Vent ure Exchange nor its Regulation Services Provider (as the term is defined in
the policies of the TSX Venture Exchange) a ccepts responsibility for the adequacy or accu racy of this release. This news releas e includes certain
statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address
future production, reserve potential, exploration drilling, exploitation activities and events or developments that Apex expect s are forward-
looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonabl e assumptions,
such statements are not guarantees of future performance and act ual results or developments may differ materially from those in the forward-
looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements inclu de market prices,
exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarant ees of future performance and t hose actual results or developme nts may differ
materially from those projected in the forward-looking statemen ts. For more information on Apex, investors should review Apex's filings that are
available at www.sedar.com or Apex's website at www.apxresources.com.