Dear Investor,
Please find attached the Alhambra Resources Ltd.
(ALH - TSX Venture) news
release which was distributed earlier today titled, "Alhambra Provides
Progress Report on Audit Status".
CALGARY, Alberta - Alhambra Resources Ltd.
(TSX-V: ALH) ("Alhambra" or the
"Corporation"), is providing this bi-weekly Default Status Report in
accordance with National Policy 12-203 - Cease Trade Orders for Continuous
Disclosure Defaults ("NP 12-203").
On April 19, 2013, the Corporation
announced (the "Default Notice") that it expected there would be a delay in
filing its 2012 annual audited financial statements, managements discussion
and analysis and CEO and CFO certificates (collectively, the "2012 Annual
Audited Financial Statements") within the 120 day period prescribed for the
filing of such documents for reasons disclosed within that announcement.
In accordance with NP 12-203, and as previously announced, the Corporation
applied to the Alberta Securities Commission ("ASC") for a Management Cease
Trade Order ("MCTO") related to the Corporations common shares to be
imposed against certain Corporation executives instead of a general cease
trade order being imposed against all the securities of the Corporation.
On
May 1, 2013, the ASC issued a temporary MCTO.
Alhambras auditors are working on the audit of the Corporations 2012
Annual Audited Financial Statements, and the Corporation expects to file
these statements on or before June 30, 2013.
Until these statements are
filed, Alhambra intends to continue to satisfy the requirements of Section
4.4 of National Policy 12-203 - Alternative Information Guidelines ("AIG")
by issuing bi-weekly Default Status Reports, each of which will be issued in
the form of a news release.
For more details, please read the attached.
Best regards,
Ihor P.
Wasylkiw
VP & Chief Information Officer
Alhambra Resources Ltd.
(bus): 1-403-508-4953
www.alhambraresources.com