Lacombe Ventures issues early warnings on sale of North Valley Resources Ltd common shares

Lacombe Ventures Limited (“Lacombe”), together with its joint partners, Mr. Kenneth Ellerbeck and Mr. Quinn Ellerbeck, announces the sale of 1,250,000 common shares (“Common Shares”) of North Valley Resources Ltd. (CSE: NVR) (“North Valley”). The shares were sold in a private transaction at $0.001 per common share for an aggregate consideration of $1,250 (the “Transaction”).

Lacombe is a holding company incorporated under the laws of the Province of British Columbia. It is equally owned and controlled by Mr. Kenneth Ellerbeck, CEO of North Valley, and Mr. Quinn Ellerbeck, CFO of North Valley.

Prior to the transaction, Lacombe and its joint actors collectively held 5,475,000 common shares, representing approximately 29.96% of the outstanding common shares on a partially diluted basis. The shares sold represent approximately 6.84% of the outstanding common shares on a partially diluted basis. Following the transaction, Lacombe and its combined actors will own 4,225,000 common shares, representing approximately 23.12% of the outstanding common shares on a partially diluted basis.

The transaction was completed for investment purposes. Lacombe and its joint actors may from time to time acquire or sell additional securities of North Valley, depending on market and other conditions.

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