BluMetric Provides Update on Release of Q2 FY2020 Financial Results

Ottawa, Ontario--(Newsfile Corp. - June 26, 2020) - BluMetric Environmental Inc. (TSXV: BLM), a full-service environmental consulting and engineering cleantech firm, today announced that it intends to file its interim financial statements and related management's discussion and analysis for the period ended March 31, 2020 on or before July 15, 2020. The update is provided further to a press release dated May 28, 2020 in which the Company indicated that it was employing temporary exemptions provided by the Ontario Securities Commission to postpone the release of its second quarter financial results due to operational delays associated with COVID-19 business closures.

The extension is in accordance with temporary blanket relief announced in March by the Canadian Securities Administrators in response to widespread business disruptions caused by the ongoing COVID-19 pandemic. The extension applies to interim filings required on or before June 1, 2020 and provides issuers with a delay of up to 45 days.

BluMetric's Board of Directors and Management continue to work expediently to meet the Company's second quarter disclosure obligations. In the meantime, Management and other insiders remain subject to a trading black-out policy as outlined in section 9 of the National Policy 11-207 Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions.

The Company confirms that since the filing of its first quarter financial statements for the period ended December 31, 2019 on March 2, 2020, there have been no material business developments.

About BluMetric Environmental Inc.

BluMetric Environmental Inc. is an established publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges. BluMetric has over 150 employees operating in ten offices and over 40 years of expertise. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial, Industrial, Military, Mining and Government clients in Canada and the United States.

For more information, visit www.blumetric.ca, or please contact:

Scott MacFabe, CEO
BluMetric Environmental Inc.
Tel: 613.839.3053
Email: [email protected]

Vivian Karaiskos, CFO
BluMetric Environmental Inc.
Tel: 613.839.3053
Email: [email protected]

Forward-Looking Statements
Some of the statements in this press release, including those relating to the Company's quarterly and annual results, future products, opportunities and cost initiatives, strategies, and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58694