Cresval Delays Filing of Interim Financial Statements

VANCOUVER, British Columbia, June 02, 2020 (GLOBE NEWSWIRE) -- Cresval Capital Corp. (“Cresval” or the “Company”) (TSX-V: CRV) announced today that it is relying on the temporary blanket relief for market participants published on March 23, 2020 (the “Blanket Order”) by the Canadian Securities Administrators (the “CSA”) which provides for a 45-day extension to file its interim financial statements and interim quarterly Management’s Discussion and Analysis (“MD&A”) for the quarter ended March 31, 2020 (the “Q1 2020 Filings”).

Further to this exemption, the Company has implemented a blackout policy that monitors and restricts trading in the issuer's securities by directors, officers and other insiders of the issuer until the 2019 Annual Documents and Q1 2020 Filings are filed. The Company confirms that since the filing of its interim consolidated financial statements for the period ended September 30, 2019, there have been no material business developments other than those disclosed through news releases.

About Cresval:

Cresval is a junior copper and precious metals exploration company actively involved in two 100% owned projects situated near the productive Bralorne Gold camp in southwestern British Columbia, consisting of the MIKE Property and the New Raven Property.

For more information please visit www.cresval.com.

ON BEHALF OF THE BOARD OF DIRECTORS

“Lee Ann Wolfin”

Lee Ann Wolfin
President and Chief Executive Officer
info@cresval.com

Forward looking statements:  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains statements that are forward‐looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward‐looking statement.