NOTICE PURSUANT TO
SECTION 4.8 OF NATIONAL INSTRUMENT 51-102
CHANGE IN YEAR-END
TO: British Columbia Securities Commission
Alberta Securities Commission
AND TO: TSX Venture Exchange
Re: Notice of Change in Financial Year-End
Filed pursuant to Section 4.8 of National Instrument 51-102
1. International Hi-Tech Industries Inc. hereby notifies the British Columbia Securities Commission, the Alberta Securities Commission and the TSX Venture Exchange that it has changed the date of its financial year-end from December 31 to March 31.
2. The change in financial year-end from December 31 to March 31 is being made in connection with an intention of the Company to change its Auditors.
3. The Company's old financial year-end is December 31.
4. The Company's new financial year-end is March 31.
5. The length and ending date of the periods, including the comparative periods and filing deadlines, of the interim and annual financial statements to be filed for the Company's transition year and its new financial year are as follows:
TRANSITION YEAR (January 1, 2006 to March 31, 2007) Interim Financial Statements |
Reporting Period | Comparative Period | Filing Deadline |
12 months ending December 31, 2006 | 12 months ending December 31, 2005 | March 1, 2007 |
| | |
Annual Financial Statements |
Reporting Period | Comparative Period | Filing Deadline |
15 months ending March 31, 2007 | 12 months ending December 31, 2005 | July 29, 2007 |
NEW FINANCIAL YEAR (April 1, 2007 to March 31, 2008) Interim Financial Statements |
Reporting Period | Comparative Period | Filing Deadline |
3 months ending June 30, 2007 | 3 months ending June 30, 2006 | August 29, 2007 |
6 months ending September 30, 2007 | 6 months ending September 30, 2006 | November 29, 2007 |
9 months ending December 31, 2007 | 9 months ending December 31, 2006 | February 29, 2008 |
| | |
Annual Financial Statements |
Reporting Period | Comparative Period | Filing Deadline |
12 months ending March 31, 2008 | 15 months ending March 31, 2007 | July 29, 2008 |
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DATED February 26, 2007
INTERNATIONAL HI-TECH INDUSTRIES INC.
Per:/s/ Roger A. Rached
Roger A. Rached
President and Chief Executive Officer