Petrox Announces Termination of Letter of Intent with Good Time Mega Trade International Limited

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Calgary, Alberta--(Newsfile Corp. - April 1, 2020) - Petrox Resources Corp. (TSXV: PTC) (the "Petrox") announces that the letter of intent signed with Good Time Mega Trade International Limited ("Good Time"), which was previously announced in the Corporation's press release dated January 28, 2020, has expired and has therefore terminated. The parties elected not to extend the letter of intent due to the impact on the business of Good Time of current climate of global economic uncertainty.

The Corporation's shares will re-commence trading on the TSX Venture Exchange at market open on April 3, 2020.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 - 2290
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca

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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/54039

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