Aqua-Pure Announces Corporate Update

CALGARY, ALBERTA--(Marketwired - April 10, 2015) - Aqua-Pure Ventures Inc. ("Aqua-Pure" or the "Company") (TSX VENTURE:AQE) announces that, given the Company's current financial condition, it is unlikely the Company will be able to complete the audit of its annual financial statements for the year ended December 31, 2014. Accordingly, it is unlikely that the Company will be in a position to file audited annual financial statements and related financial filings within the time period prescribed by securities regulation (on or before April 30, 2015). If the filings are not made within the prescribed time period, it is expected that the applicable securities commissions and regulators will issue orders prohibiting all trading in the securities of Aqua-Pure. It is also expected that the TSX Venture Exchange will commence a listing review of the Company's common shares, resulting in the possible delisting of such securities.

The Company also announces that Brent Halldorson has resigned as an officer and a director of Aqua-Pure but will continue in a business development and marketing role for Fountain Quail Water Management, Aqua-Pure's wholly-owned subsidiary.

As previously disclosed on March 24, 2015, Aqua-Pure currently is not in a position to meet its near-term debt and other liability obligations if demanded to do so. While the Company has secured the agreement of its senior secured creditor (principal amount of approximately C $2,550,000) to accept interest only payments for the next six months, the Company has not made the cash interest payment (of approximately US $87,000) due on March 31, 2015 in respect of its outstanding 8% convertible secured debentures (principal amount of US $4,350,000). The Company has also not made the cash interest payments (of approximately US $877,760) that have accrued since 2009 on the 8% secured debenture due to Hallmark Resources Ltd., a company that is a control person of Aqua-Pure and is held in part by Brent Halldorson and by the estate of Jake Halldorson (principal amount of $7,020,000). The Company intends to continue to work with its existing creditors to restructure its debt facilities. There is no assurance that these discussions will be successful.

As previously disclosed in the interim financial statements for the period ended September 30, 2014, material uncertainty exists as to the Company's ability to continue as a going concern.

Trading in the securities of Aqua-Pure should be considered highly speculative.

Forward-looking Statements

This release contains forward-looking statements respecting the assessment, by Aqua-Pure, of the Company's ability to complete the audit of its 2014 annual financial statements, consequences of not completing the audit, the ability of the Company to meet its near-term debt and other liability obligations and the ability of the Company to restructure its debt facilities. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on the forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.