No Fault Delay in Filing Annual Financial Statements
#804 – 750 West Pender Street, Vancouver, BC, V6C 2T7
T: 604.682.2928 /F: 604.685.6905 /W: https://canamexgold.com
CANAMEX GOLD CORP
NEWS RELEASE
No Fault Delay in Filing Annual Financial Statements
April 29, 2019 - Vancouver, Canada - Canamex Gold Corp. (the “Company” or “Canamex”) (CSE:
CSQ) announces that the filing of its annual financial statements for the year ended December 31, 2018,
including the related management discussion and analys is, and CEO and CFO certifications (collectively,
the “Annual Financial Filings ”) will not be filed by the required filing deadline of April 30, 2019 (the
“Filing Deadline”).
As advised by the Company news release on April 25 th, 2019, at the request of the Company, Manning
Elliott LLP, Chartered Professional Accountants, (the “ Former Auditor ”) resigned as auditors of the
Company. The Company appointed Smythe LLP, Chartered Professional Accountants (the “ Successor
Auditor”) of Vancouver, British Columbia, as auditors for the Company.
Earlier, in 2018, the Company had requested the resignation of the Former Auditor, and the change had
been approved by the Company’s audit committee and the Board of Directors. However, the letter and
package from the Former Auditor was not provided fo r review by the Company’s audit committee and its
Board of Directors. Despite repeated requests, the Former Auditor failed to provide the letter and package,
under securities law obligations, as required by National Instrument 51-102 s 4.11 (5).
Last week, the Company made a final demand, that th e Former Auditor provide the letter and package, on
the basis that it would leave the Company with no other option than to default on its legal obligations as a
reporting issuer. As a result of this final demand, th e Former Auditor provided the letter to the Company.
However, this left insufficient time for the Successor Auditor to comp lete the audit for the Annual
Financial Statements before the filing due date.
With the appointment of the Successor Auditor, the Co mpany expects to be in a position to complete the
Annual Financial Statements and file before the end of May, 2019. The Company intends to satisfy any
provisions relating to alternative information guidelines, prior to filing its Annual Financial Statements.
The Former Auditor is a registered firm with th e Canadian Public Accountability Board (CPAB) and
Chartered Professional Accountants British Columbia (CPABC). The Company will be lodging a formal
complaint, with both the CPAB and CPABC regardi ng the Former Auditor’s non-compliance with its
securities laws obligations to reporting issuers, as detailed above.
ON BEHALF OF THE BOARD
David Vincent
CEO and Director
604.833.4278
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.