|Alhambra Resources Ltd.
CALGARY, ALBERTA - Alhambra Resources Ltd. (TSX-V: ALH) ("Alhambra" or the "Corporation") announces that the Corporation received notice from the Alberta Securities Commission ("ASC") that the ASC staff is not in a position to recommend a Management Cease Trade Order ("MCTO") should Alhambra be unable to file its annual audited financial statements, management's discussion and analysis and CEO and CFO certificates (collectively, the "2014 Annual Audited Financial Statements") by the filing deadline of April 30, 2015 as prescribed by National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102"). As a result it is anticipated that the Corporation will become subject to a cease trade order after that date. In order to have the cease trade order revoked, Alhambra will need to file any outstanding continuous disclosure, pay any outstanding fees and make an application for a cease trade order revocation in accordance with National Policy 12-202 - Revocation of a Compliance-Related Cease Trade Order.
Don McKechnie, Alhambra's Chief Financial Officer reported, "Alhambra continues its negotiations with a number of potential investors and remains positive that a financing will be completed allowing the Corporation to complete its 2014 Annual Audited Financial Statements and related filing requirements for the resumption of trading of Alhambra's shares and the continuation of its corporate development business activities as early as possible."
Alhambra is a Canadian based international exploration and production corporation producing gold in Kazakhstan.
Alhambra common shares trade in Canada on The TSX Venture Exchange under the symbol ALH, in the United States on the Over-The-Counter Pink Sheets Market under the symbol AHBRF and in Germany on the Frankfurt Open Market under the symbol A4Y. The Corporation's website can be accessed at www.alhambraresources.com.
|John J. Komarnicki
Chairman & Chief Executive Officer
+1 (403) 606-2120
|Donald D. McKechnie
VP & Chief Financial Officer
+1 (403) 561-6221
Alhambra Resources Ltd.
Head Office Suite 3, 4015 - 1St Street S.E. Calgary, Alberta, Canada T2G 4X7
Phone: (403) 228-2855 Fax: (403) 228-2865 E-mail: email@example.com