File: Attachment Pepcap NR (MCTO) Jan 27, 2025 - esigned.pdf

January 29, 2025 Trading Symbol: "WAV.H: TSX.V

PEPCAP RESOURCES, INC., RECEIVES APPROVAL FOR MCTO

VANCOUVER, B.C. Pepcap Resources, Inc. (TSXV:WAV.H) (the "Company") announces that the Company's request for a Management Cease Trade Order ("MCTO"), has received approval. The request was made as the Company was not able to file its audited annual financial statement for the period ended September 30, 2024, and its MD&A by the filing deadline of January 28, 2025 (collectively, the "Annual Filings"), and as a result is in default of its obligations under National Instrument 51-102 Continuous Disclosure Obligations.

The Company has been granted approval from the British Columbia Securities Commission for the MCTO under National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). The Company applied for an MCTO as the Company had faced with some unexpected and extenuating circumstances that required additional time for the Company's auditor to complete its audit of the annual financial statements within the time frame resulting in the Company's failure to complete its Annual Filings on or before January 28, 2025. The auditor has been paid, and once the audit work is complete, the Annual Filings will be made.

The Company expects to file the Annual Filings as soon as the auditor completes its audit of the financial statements, but in any event on or before February 15, 2025 (two-month period contemplated by NP 12-203).

Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in NP 12-203. The guidelines, among other things, require the Company to issue bi-weekly default status reports, in the form of news releases, for so long as the Annual Filings have not been filed.

The Company wishes to reiterate that during the MCTO, the general investing public will continue to be able to trade in the Company's common shares listed on the TSX Venture Exchange. However, the Company's Chief Executive Officer and Chief Financial Officer and such other directors, officers and persons as determined by the applicable regulatory authorities will not be able to trade in the Company's shares, nor will the Company be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee of the Company until such time as the Annual Filings and all continuous disclosure requirements have been filed by the Company, and the MCTO has been lifted.

PEPCAP RESOURCES, INC.

Per:__"R__ic_h_a__rd__C_._K__in_g__J_r_."________

Richard C. King Jr., CEO

For further information, please contact: For further information: Richard C. King Jr. Phone: +1 (502) 345-0966 Email: richardckingjr@icloud.com

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.