THEMAC Resources Group Limited announced that the Director of the New Mexico Mining and Minerals Division (MMD) on March 31, 2020, issued an Order rescinding an earlier notice of technical approvability of the Copper Flat Permit Application Package for a mining permit under Part 6 of the New Mexico Mining Act and reopening Department review of the Copper Flat application. The MMD Order is based on uncertainty about obtaining sufficient water rights to fully implement the plan for Copper Flat and reopens the permit review process to consideration of the Company's demonstration that sufficient water rights have been fully acquired and approved, including water necessary for reclamation and river depletion offsets, demonstration that the Company has obtained or is likely to obtain a dam safety permit for the tailings storage facility, and demonstration that estimated reclamation costs include water needed to accomplish the pit reclamation plan. The MMD Order includes a notice of Company's right to petition for an administrative review. The Company is currently reviewing the specifics of the Order to determine a response.