http://www.fscwire.com/newsrelease/nsx-silver-inc-provides-default-status-report-2

Bedford, Nova Scotia (FSCwire) – NSX Silver Inc. (TSXV:NSY.H) (“NSX Silver” or the “Company”) is providing this bi-weekly default status report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults.  On April 28, 2016, NSX Silver announced by way of press release that for the reasons disclosed therein, the filing of NSX Silver’s audited financial statements for the fiscal year ended December 31, 2015 and the related management’s discussion and analysis (collectively, the “2015 Annual Financial Statements”) would not be completed by the legal deadline of April 29, 2016.

As a result of the delay in filing the 2015 Annual Financial Statements, NSX Silver’s principal regulator, the British Columbia Securities Commission, granted a management cease-trade order (“MCTO”) to NSX Silver dated May 2, 2016.  The MCTO restricts all trading in securities of NSX Silver, whether direct or indirect, by NSX Silver’s senior officers until such time as the 2015 Annual Financial Statements are filed by NSX Silver.  The MCTO does not affect the ability of other shareholders of NSX Silver to trade their securities.