2674443 Ontario Inc. entered into a share purchase agreement to acquire 40% stake in Pacific Iron Ore Corporation for CAD 0.10 million on April 30, 2020. 2674443 Ontario Inc. will acquire 2.9 million common shares for CAD 0.035 per share. In a related transaction, 2674443 Ontario Inc. entered in another agreement to acquire approximately 0.8 million common shares of Pacific Iron Ore Corporation. Upon completion of the transaction, a new Board of Directors and management team will be appointed for Pacific Iron Ore Corporation. 2674443 Ontario Inc. completed the acquisition of 40% stake in Pacific Iron Ore Corporation on May 6, 2020.