On March 13, 2018, Colorado Resources Ltd. announced that pursuant to the Company’s advance notice policy, it has received a notice of nomination from Adam Travis, former President and Chief Executive Officer of the Company, who was terminated by the Company effective February 26, 2018. Adam Travis stated that he intends to put forward 5 individuals including himself for election as directors at the upcoming annual general meeting of shareholders scheduled to be held on April 17, 2018.