SOL Global Provides Update on Timing of Filing of Financial Statements for 2019 and First Quarter 2020

Delay as a result of the COVID-19 Pandemic

TORONTO, April 30, 2020 /PRNewswire/ – SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) wishes to provide an update on its financial reporting for the eight-month audited period ended November 30, 2019 and the threemonth interim period ended February 29, 2020.
On March 23, 2020, the Ontario Securities Commission issued Ontario Instrument 51-502, entitled “Temporary Exemption From Certain Corporate Finance Requirements.” This instrument was issued as a result of the COVID-19 pandemic and provides a blanket 45-day extension from the deadline otherwise applicable under Ontario securities law to file, send or deliver certain documents under the reporting issuer’s continuous disclosure obligations. As such, the Company wishes to advise the market that it will be filing its audited annual financial statements, management’s discussion and analysis and the CEO and CFO certificates as at and for the eightmonth audited period ending November 30, 2019, on or before May 13, 2020. The extended timeline was agreed to between the Company and its auditors and is not as a result of any disagreements or issues with our filings, but is rather solely due to the impact that the COVID-19 pandemic has had on our ability to meet our previous financial filing deadline of March 30, 2020. In
addition, this extended timing will NOT result in any cease trade order or issue with trading in the Company’s stock on the Canadian Securities Exchange. Therefore, the new filing deadline for the Company’s financial filings, which the Company fully expects to meet, for the eight-month audited period ending November 30, 2019 is May 13, 2020. Further, the revised filing deadline for the Company’s financial filings as at and for the three-month interim period ending February 29, 2020 is June 12, 2020. The Company fully expects that it will file all financial filings well within the revised deadlines.