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To: Goose94 who wrote (149920)	4/14/2023 3:46:33 PM
From: Goose94	Respond to of 202784

Aurcana Silver (AUN-V) Suspension From Trading, Delay In Filing FS And MD&A And Announces Substantial Doubt About Ability To Continue As A Going Concern Apr 14, '23 - NR Subject to this news release being issued, trading in Aurcana Silver Corp.'s stock has been halted. In addition, as the company currently has only one director and is not in compliance with the TSX Venture Exchange's policies, trading in the company's stock on the TSX-V will be suspended. The company also announces that, in light of Aurcana's current liquidity position, it is highly unlikely that Aurcana will be able to file its 2022 audited financial statements and MD&A (management discussion and analysis) within the prescribed filing deadline of 120 days following the end of the financial year. Consequently, Aurcana expects it will be in default of its continuous disclosure obligations under applicable Canadian securities laws and will be placed on the defaulting issuers list by the British Columbia Securities Commission (BCSC). The BCSC may issue a general failure-to-file cease trade order prohibiting the trading by any person of any securities of the company, including trading of its common shares on the TSX-V. Although the silver market continues to be strong and Aurcana has received numerous indications of interest in the sale and purchase of its Shafter assets, it has not been able to complete a transaction or to recapitalize the company. Given the current situation, there is substantial doubt that the company can continue as a going concern. While the company continues to seek solutions to its liquidity problems, there can be no assurances that any transaction will be completed. About Aurcana Silver Corp. Aurcana Silver owns the Revenue-Virginius mine in Colorado, currently in receivership, and the Shafter-Presidio silver project in Texas, United States. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production. ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION “Kevin Drover” President & CEO For further information, visit the website at www.aurcana.com or contact: Aurcana Silver Corporation 2751 Graham Street Victoria, BC V8T 3Z1 Phone: (604) 331-9333