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DOT

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Share Name Share Symbol Market Type
TSXV:DOT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

DOT Announces It Will Not Be Able to File Its 2013 Audited Financial Statements by April 30, 2014

11/04/2014 1:30pm

Marketwired Canada


DOT Resources Ltd.  (TSX VENTURE:DOT) ("DOT" or the "Corporation") announces
that the Corporation will not be able to file its annual audited financial
statements, management's discussion and analysis and CEO and CFO certificates
(collectively, the "2013 Annual Audited Financial Statements") by the filing
deadline of April 30, 2014 as prescribed by National Instrument 51-102 -
Continuous Disclosure Obligations ("NI 51-102"). This is due to a current lack
of funds to remunerate the Corporation's auditors. 


Don McKechnie, DOT's Chief Financial Officer explained, "As DOT is a junior
exploration corporation with no current sources of revenue, it must generate
cash flow to meet its obligations through the sale of common shares. To date,
DOT has not been successful in raising the funds necessary to remunerate its
auditors in time to complete and file the 2013 Annual Audited Financial
Statements by April 30, 2014. DOT is currently in discussion with a number of
parties that could provide the Corporation with potential sources of funding. We
anticipate this process will be successful such that DOT can complete and file
its 2013 Annual Audited Financial Statements by the end of June 2014."


Until DOT completes the filing of the 2013 Annual Audited Financial Statements,
DOT will comply with the alternative information guidelines set out in National
Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults for
issuers who have failed to comply with a specified continuous disclosure
requirement within the times prescribed by applicable securities laws. The
guidelines, among other things, require DOT to issue bi-weekly default status
reports by way of a news release so long as the 2013 Annual Audited Financial
Statements have not been filed.


DOT has made an application to the applicable regulatory authorities for a
management cease trade order ("MCTO"). There is no certainty that such order
will be granted. If a MCTO is granted, the general investing public will still
be able to trade DOT listed common shares, however, the Corporation's Chief
Executive Officer, Chief Financial Officer and such other directors, officers
and persons as determined by the applicable regulatory authorities, will not be
able to trade DOT shares. If a MCTO is not granted, the applicable regulatory
authorities may issue a cease trade order against DOT for failure to file the
2013 Annual Audited Financial Statements within the prescribed time period.


ABOUT DOT

DOT is a Canadian corporation focused on exploration and development of its
copper properties in central British Columbia. DOT shares trades on the TSX
Venture Exchange under the symbol DOT. The Corporation's website can be accessed
at www.dotresourcesltd.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.


Forward-Looking Statements

Certain statements contained in this release constitute "forward-looking
statements". These statements relate to future events or future performance. The
use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking
information and are based on the Corporation's current belief or assumptions as
to the outcome and timing of such future events. Actual future results may
differ materially. In particular, this release contains forward looking
statements relating to the 2013 Annual Audited Financial Statements and the
filing of the 2013 Annual Audited Financial Statements. Various assumptions or
factors are typically applied in drawing conclusions or making the forecasts or
projections set out in forward looking statements. Those assumptions and factors
are based on information currently available to the Corporation. The material
factors and assumptions with respect to the commencement of the audit of the
2013 Annual Financial Statements and the completion and filing of the 2013
Annual Audited Financial Statements include: the availability of funds to
complete and file the financial statements by the end of June, 2014 and the
auditors not encountering anything out of the ordinary that would cause the
auditors not to be able to complete the audit as anticipated. Risk Factors that
could cause actual results or outcomes to differ materially from the results
expressed or implied by forward looking statements include, among other things:
general economic and business conditions, and political and social risks.
Forward-looking statements contained in this release are made based on
Management's beliefs, estimates and opinions on the date the statements are made
and the Corporation undertakes no obligation to update forward looking
statements and if these beliefs, estimates and opinions or other circumstances
should change, except as required by applicable law. Because of the risks,
uncertainties and assumptions contained herein, investors should not place undue
reliance on forward looking statements. The forward looking statements contained
herein are expressly qualified by this cautionary statement. Statements
contained in this news release constitute "forward-looking statements" as such
term is used in applicable Canadian and US securities law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
DOT Resources Ltd.
Ihor P. Wasylkiw
VP & Chief Information Officer
+1 (403) 264-2647


DOT Resources Ltd.
Donald D. McKechnie
VP & CFO
+1 (403) 264-2647
www.dotresourcesltd.com

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