Usha Resources Ltd. (“USHA” or the “Company”) (TSXV: USHA) announces that, further to its news release of July 24, 2020, the Company is expecting to file its audited financial statements for the year ended March 31, 2020 (the “Annual Filings”) by the extension date of September 14, 2020 pursuant to BC Instrument 51-517 Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (“BCI 51-517”) and continues to work diligently with its auditors to file the Annual Filings by September 14, 2020.

Update on Q1 Filing

The Company will also be relying on the temporary exemption pursuant to BCI 51-517 in respect to the following provisions:

The Company is continuing to work diligently to file the Interim Filings before September 30, 2020.

The Company confirms that there have been no material developments, other than those disclosed through news releases and material change reports, since the filing of its condensed interim financial statements for the period ended December 31, 2019.

Additionally, the Company advises that management and other insiders of the Company are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207, Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

USHA RESOURCES LTD.

“Deepak Varshney” CEO and Director

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