19:41:03 EST Tue 29 Nov 2022
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Tempus Resources receives DTC eligibility in U.S.

2022-05-25 16:12 ET - News Release

Ms. Melanie Ross reports


In relation to its United States-based OTC Markets listing under the symbol TMRFF, Tempus Resources Ltd. has now received confirmation from the Depository Trust Company (DTC) that its common shares are now eligible for electronic clearing and settlement through the DTC in the United States.

Tempus Resources president and chief executive officer Jason Bahnsen commented: "DTC eligibility is a key step in the development of our shareholder base and market presence across the United States. It allows current and prospective shareholders of Tempus Resources a reliable, cost-efficient and timely method for clearing and settlement of our common shares and positions U.S. investors to participate in the growth of the company's Americas-based asset suite."

The DTC is a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies in the United States, including the company's OTCQB listing. Tempus Resources' share Cusip has been approved for DTC eligibility, allowing holders and their brokers the ability to process transactions efficiently through deposit/withdrawal at custodian (DWAC) at the DTC. DTC is a member of the United States Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the U.S. Securities and Exchange Commission.

About Tempus Resources Ltd.

Tempus Resources is a growth-orientated gold exploration company. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Elizabeth-Blackdome project, a high-grade gold past-producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Elizabeth-Blackdome that will form the basis of an updated National Instrument 43-101/JORC (Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in southeast Ecuador. The Rio Zarza project is located adjacent to Lundin Gold's Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop target geological anomalies identified through geophysical work.

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