PCO Phoenix Canada Oil Company Limited

VANCOUVER, BC, May 30, 2022 /CNW/ - The following issues have been halted by IIROC:

Company: Phoenix Canada Oil Company Limited

TSX-Venture Symbol: PCO

Further to TSXV Notice Dated 2022-05-30

Reason: Pending Receipt and review of acceptable documentation regarding the change of business and/or Reverse Take-Over pursuant to Listings Policy 5.2

Halt Time (ET): 2022-05-30 @ 7:43 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions