Super Nova Resources Inc (SNRR)

[mikembte2005]

Bankruptcy or Receivership

As previously reported, on June 19, 2009, Sonoran Energy, Inc. (the “Company”) filed a voluntary petition for relief (the “Bankruptcy Case”) under Chapter 11 of the United States Bankruptcy Code, in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division (the “Bankruptcy Court”). As previously reported, the Company sold its material assets during the Bankruptcy Case and then moved to dismiss the Bankruptcy Case. The Bankruptcy Court has granted the motion to dismiss and the Bankruptcy Case was dismissed effective December 31, 2009.