Copper Lake Announces Reliance ON Interim Financial Statement Filing Exemption
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News Release No: 20-04
COPPER LAKE ANNOUNCES RELIANCE ON
INTERIM FINANCIAL STATEMENT FILING EXEMPTION
April 4 , 2020 - Toronto, ON - Copper Lake Resources Ltd. (TSX -V: CPL, Frankfurt: W0I)
("Copper Lake" or the "Company") announces that pursuant to the blanket relief granted by the
Canadian Securities Administrators it did not file its interim financial statements for the quarter
ended January 31, 2020, and the related management’s discussion and analysis, as required by
Parts 4 and 5 of National Instrument 51 -102 – Continuous Disclosure Obligations (collectively,
the “Interim Filings”) by the filing deadline of March 30, 2020. The C ompany expects to report
results on or about April 17, 2020, and is afforded a postponement up to a maximum 45- day
extension pursuant to blanket relief for all market participants granted by the Canadian Securities
Administrators.
Other than as disclosed i n the Company’s press releases, there have not been any material
business developments since the date that last financial statements of the Company were filed.
The Company confirms that its management and other insiders are subject to an insider trading
black-out policy that reflects the principles in section 9 of National Policy 11- 207 – Failure-to-
File Cease Trade Orders and Revocations in Multiple Jurisdictions, such that they are in a black-
out period until the commencement of the second trading day aft er the Interim Filings have been
disclosed by way of a news release.
About Copper Lake Resources
Copper Lake Resources Ltd. is a publicly traded Canadian company currently focused on
advancing properties located in Ontario, Canada.
The Marshall Lake high -grade VMS copper, zinc, silver and gold property, located just north of
Geraldton, Ontario, comprises an area of approximately 104 square km and is accessible by all -
season road. Copper Lake has an option to increase its interest to 87.5% from its current 75%
interest.
In addition to the original Marshall Lake property above, Marshall Lake also includes the Sollas
Lake and Summit Lake properties, which are 100% owned by the Company and are not subject
to any royalties. The Sollas Lake property consists of 2 0 claim cells comprising an area of 4
square km on the east side of the Marshall Lake property where historical EM airborne
geophysical surveys have outlined strong conductors on the property hosted within the same
favourable felsic volcanic units. The Sum mit Lake property currently consists of 100 claim cells
comprising an area of 20.5 square km, is accessible year round, and is located immediately west
of the original Marshall Lake property.
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Copper Lake has a 71.41% interest in the Norton Lake nickel, copper, cobalt, PGM property,
located in the southern Ring of Fire area, is approximately 100 km north of the Marshall Lake
Property, and has a NI 43-101 compliant measured and indicated resource of 2.26 million tonnes
@ 0.67% Ni, 0.61% Cu, 0.03% Co and 0.46 g/t Pd.
The Company also has an option agreement to acquire up to 100% of four separate Ontario
properties in the Kenora and Patricia mining belt: Queen Alexandra Gold Property, the Mine
Lake Gold Property, the Grand Chibougamau Gold Property and the Centrefire -Redhat Gold-
Copper Property.
On behalf of the Board of Directors,
Copper Lake Resources Ltd.
Terry MacDonald
CEO / Director
(416) 561-3626
www.copperlakeresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.