SHL:CC - Spruce Ridge Resources Ltd. Now Trading on the OTCQB as SRCGF

(TheNewswire)

Toronto, Ontario – TheNewswire - March 20, 2024 – Spruce Ridge ResourcesLtd. ( “Spruce” or the “Company” )(TSXV: SHL, OTCQB: SRCGF) is pleased to announce it that it is nowtrading on the OTCQB Venture Market (“OTCQB”), effective today,March 20, 2024.

Highlights of the announcement:

• Trading symbol on OTCQB is SRCGF.

• Trades and settles in United States dollars.

• SRCGF is the same class ordinary shares to TSX VentureExchange traded stock, not a synthetic. The shares are simplyregistered in two different registries.

On-line brokers such as Ameritrade, FidelityInvestments, Glendale, Charles Schwab, Tradestation and Etrade alloffer OTCQB trades. Investors trading by other on-line brokers shouldinquire of their respective brokers whether OTC shares are madeavailable to them.

Stephen Balch, President and Chief Executive Officer ofSpruce, commented: "This announcement reflects the change in ourfocus to nickel in Oregon and will raise awareness of the Companyamong the U.S. investment community, most importantly making it easierfor Americans to trade our stock.”

"Trading on the OTCQB has been a priority forseveral months. Spruce common shares are also now eligible for depositat DTC as of February 20, 2024. DTC is the largest securitiesdepositor in the world and allows for securities of a public companylisted in one country to be freely traded in another. We believe thedevelopment of our Oregon assets will make Spruce one of the mostcompelling critical mineral investments in America.”

About Spruce Ridge

Spruce Ridge is a Canadian-based mineral explorationcompany focused on critical metal resources with nickel projects inOregon, United States and copper projects in Newfoundland, Canada. TheCompany also holds a significant portfolio of mining securitiesincluding 3.6 million shares of Canada Nickel Company Inc.(TSX-V:CNC), 10.0 million shares of Noble Mineral Exploration Inc.(TSX-V:NOB), 15.0 million shares of Benton Resources Inc. (TSX-V:BEX)and 2.5 million shares of Magna Terra Minerals Inc. (TSX-V:MTT).Spruce’s common shares trade on the TSX Venture Exchange under thesymbol “SHL”. More detailed information can be found on theCompany’s website at:

http://www.spruceridgeresources.com

Contact

Stephen Balch, President & CEO

Phone:        905-407-9586

Email:        steve@beci.ca

Cautionary Statement

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this news release. No stockexchange, securities commission or other regulatory authority hasapproved or disapproved the information contained herein. This newsrelease contains statements that constitute “forward-lookingstatements”. Forward-looking statements are statements that are nothistorical facts and include, but are not limited to, disclosureregarding possible events, that are based on assumptions and coursesof action, and in certain cases, can be identified by the words“expects”, “plans”, “anticipates”, “believes”,“intends”, “estimates”, “projects”, “potential” andsimilar expressions, or that events or conditions “will”, “would”, “may”, “could” or“should” occur, or the negative forms of any of these words andother similar expressions. Forward-looking statements includestatements related to future plans for the Company, and otherforward-looking information. Forward-looking statements are based onvarious assumptions including with respect to the anticipated actionsof securities regulators, stock exchanges, and government entities,management plans and timelines, as well as results of operations,performance, business prospects and opportunities. Although theforward-looking statements contained in this news release are basedupon what the management of the Company believes are reasonableassumptions on the date of this news release, such assumptions mayprove to be incorrect. Forward-looking statements involve known andunknown risks and uncertainties, they should not be read as guaranteesof future performance or results, and they will not necessarily beaccurate indications of whether such results will be achieved. Anumber of factors could cause actual results, performance orachievements to differ materially from the results discussed in theforward-looking statements, including, but not limited to: aninability to develop and successfully implement explorationstrategies; general business, economic, competitive, political andsocial uncertainties; the lack of available capital; impact of theevolving situation in Ukraine on the business of the Company; andother risks detailed from time-to-time in the Company’s ongoingfilings with securities regulatory authorities, which filings can befound at www.sedarplus.ca. The Company cannot assure readers thatactual results will be consistent with these forward-lookingstatements. Readers are cautioned not to place undue reliance onforward-looking statements in this press release. Theseforward-looking statements are made as of the date of this newsrelease and the Company disclaims any intent or obligation to updateany forward-looking statement, whether because of new information,future events or otherwise, unless otherwise required by law.

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