REE E Tech Resources Inc

Reef Resources Ltd.  ("Reef" or the "Corporation") (TSX VENTURE:REE) announces
that it has made an application to the Alberta Securities Commission to approve
a temporary management cease trade order ("MCTO") under National Policy 12-203
Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"), which, if
granted, will prohibit trading in securities of the Corporation by certain
insiders of the Corporation, whether direct or indirect. The Corporation is
unable to file its annual financial statements for the year ended July 31, 2013,
its interim financial statements for the period ended October 31, 2013 and the
management's discussion and analysis and related Chief Executive Officer and
Chief Financial Officer certificates for each of these periods (collectively,
the "Required Filings") before their respective November 28, 2013 and December
30, 2013 filing deadlines (the "Filing Deadlines"). 


Reef's failure to file the Required Filings before the Filing Deadlines is a
result of delays in obtaining the funding necessary to retain an auditor and
related accounting services. The Corporation is actively securing additional
financing and expects to have the financing completed by December 16, 2013 and
expects the auditor and accountant to complete the annual and interim financial
statements within 6 weeks of the closing of the financing.


The Corporation anticipates that it will be a position to remedy the default by
filing the Required Filings by January 28, 2013. The MCTO will be in effect
until the Required Filings are filed. 


The Corporation intends to satisfy the provisions of the alternative information
guidelines set out in section 4.3 and 4.5 of NP 12-203 so long as the Required
Filings are outstanding. 


The Corporation has not taken any steps towards any insolvency proceeding and
the Corporation has no material information to release to the public. 


Forward-Looking Statements. This release includes certain statements that may be
deemed "forward-looking statements". All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements. Although
the Company believes the expectations expressed in such forward looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward looking
statements include market prices, exploitation and exploration successes,
continued availability of capital and financing, and general economic, market or
business conditions. Investors are cautioned that any such statements are not
guarantees of future performance and those actual results or developments may
differ materially from those projected in the forward-looking statements. For
more information on the Company, Investors should review the Company's
registered filings which are available at www.sedar.com. 


Neither the 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Reef Resources Ltd.
Arnie Hansen
President & CEO
(403) 251-9447
Suite 1120, 444 -5th Ave. SW
Calgary, AB T2P 2T8


Reef Resources Ltd.
Larry Olson
CFO
(403)-251-9447 or C: (250) 460-2640

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