AFR NuVenture Resources Corporate Updates

Executive Summary

• AFR NuVenture Resources Inc. has failed to complete and file its audited annual financial statements and MD&A for the fiscal year ended May 31, 2025.
• A cease‑trade order (CTO) was issued by the British Columbia Securities Commission, resulting in suspension of the company’s shares on the TSX Venture Exchange effective October 7, 2025.
• The company is seeking funding to cover auditor fees needed to finish the audit and lift the CTO; further updates will be provided as progress is made.

Key Details

• Audited annual financial statements and related MD&A for FY 2025 remain incomplete and unfiled.
• British Columbia Securities Commission issued a cease‑trade order, prompting immediate suspension of AFR’s TSX Venture Exchange trading on 7 Oct 2025.
• Reinstatement to trading is contingent upon revocation of the CTO and successful completion of the exchange’s reinstatement review confirming compliance with listing requirements.
• AFR is arranging financing specifically to pay auditor fees required to complete the audit and enable application for lifting the CTO.
• No further operational or financial results were disclosed; the release focuses solely on regulatory status and next steps.

Notable Quotes

• “The Company is in the process of arranging funding to pay the fees of the auditor required to complete the audit to enable it to apply to have the CTO lifted and trading reinstated.” – John F. O’Donnell, CEO (on behalf of the Board)