Abasca Resources Inc. announced the closing on December 29, 2022 of the previously-announced asset purchase transaction with 101159623 Saskatchewan Ltd. ("SaskCo") resulting in the reverse takeover of AMV (the "Transaction"), along with a concurrent financing and name change. Concurrently with the completion of the Transaction, the following individuals were appointed as directors or officers of Abasca: Dawn Zhou û President and Director, Dave Billard û Director, Denis Arsenault û Director. Also concurrently with the completion of the Transaction, Jerry Minni resigned as CFO, Corporate Secretary and a director of the Company and Michael Dake resigned as a director of the Company.

Qiang Sean Wang resigned as President and CEO of the Company but will continue as a director and act as Executive Director. Brett Kagetsu will continue serving as a director.