Mr. David Hodge reports

SHARE CONSOLIDATION

Further to the news release dated Aug. 19, 2014, and the special shareholders meeting held Sept. 15, 2014, the TSX Venture Exchange has accepted the consolidation of the common shares of Equitas Resources Corp. on the basis of one postconsolidation common share for three preconsolidation common shares. The consolidation will become effective at the opening of the market on Sept. 29, 2014.

Currently, a total of 51,037,415 common shares are issued and outstanding. Accordingly, upon the consolidation becoming effective, a total of approximately 17,012,471 common shares will be issued and outstanding. There is no maximum number of authorized common shares.

Computershare Trust Company of Canada will mail letters of transmittal to the shareholders, providing instructions on exchanging preconsolidation share certificates for postconsolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.

We seek Safe Harbor.