Selective Solution Xtraction Inc. entered into a non-binding letter of intent to acquire Kingsland Energy Corp. (TSXV:KLE.H) in a reverse merger transaction on February 18, 2021. Under the terms of agreement, holders of shares of Selective Solution will receive one Kingsland share in exchange for each Selective Solution share. Concurrently with the closing of the transaction, the Kingsland expects to complete a CAD 2.3 million non-brokered private placement financing of its shares. Following the closing of the transaction, it is expected that the Kingsland will change its name to Solution Resource Xtraction Inc., or such other name that the board and shareholders may approve. The name change has been approved by the shareholders of the Kingsland, and is subject to Board and TSXV approval. Completion of the Proposed Transaction is subject to a number of conditions, including the negotiation and execution of a definitive agreement, receipt of all necessary securityholder and regulatory approvals, closing of the proposed financing and approval from the TSX Venture Exchange for the graduation from the NEX to the TSXV as a tier 2 issuer. The trading of the Kingsland shares has been halted today and are expected to remain halted until the closing of the transaction. Selective Solution Xtraction Inc. cancelled the acquisition of Kingsland Energy Corp. (TSXV:KLE.H) in a reverse merger transaction on April 26, 2021. As a result, in the immediate future, the Kingsland no longer expects to complete a non-brokered private placement financing of its common shares; graduate from the NEX to the TSXV; change its name to Solution Resource Xtraction and undergo a share split.