USHA.V · 2020-09-23 12:00:00

Usha Resources Announces Update to its Interim Filings

Financials

Suite 804, 750 West Pender Street, Vancouver, British Columbia V6C 2T7

Vancouver, British Columbia / September 23, 2020 – Usha Resources Ltd. (“USHA” or the

“Company”) (TSXV: USHA) announces an update to the filing of the Company’s interim financial

statements for the three months ended June 30, 2020 (the “ Interim Filings”), as previously announced in

the Company’s news release dated A ugust 24, 2020. BC Instrument 51-517 Temporary Exemption from

Certain Corporate Finance Requirements with Deadlin es during the Period from June 2 to August 31,

2020 (“BCI 51-517”) has extended the filing date of the Interim Filings to October 15, 2020.

The Company will be relying on the temporary exem ption pursuant to BCI 51-517 in respect to the

following provisions:

 the requirement to file interim financial statements for the three months ended June 30, 2020 (the

“Financial Statements”) within 60 days after the end of the Company's interim period as

required by section 4.4(b) of National Instrument 51-102 Continuous Disclosure (“NI 51-102”);

 the requirement to file management discussion and analysis (the “ MD&A”) for the period

covered by the Financial Statements within 60 da ys after the end of the Company's interim period

as required by section 5.1(2) of NI 51-102; and

 the requirement to file certifications of the Financial Statements (the “ Certificates” and together

with the Financial Statements, the “ Interim Filings ”) pursuant to section 5.1 of National

Instrument 52-109 Certification of Disclosure in Issuer’s Annual and Interim Filings and section

4.4(b) [being the filing deadline for interim financial statements] of NI 51-102.

The Company is continuing to work diligently to file the Interim Filings by September 30, 2020.

The Company confirms that there have been no mat erial developments, other than those disclosed

through news releases and material change reports, since the filing of its condensed interim financial

statements for the period ended December 31, 2019.

Additionally, the Company advises that management and other insiders of the Company are subject to a

trading black-out policy as described, in prin ciple, in section 9 of National Policy 11-207, Failure to-File

Cease Trade Orders and Revocations in Multiple Jurisdictions.

USHA RESOURCES LTD.

“Deepak Varshney”

CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.