Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) would like to provide a update to shareholders regarding its commercial finance operations.

Monthly Activity: May has reached a record month in total outstanding invoices for the “high margin” invoice portfolio, which totaled $10,876,388, an increase of $1,435,129, from the prior month of $9,441,259. During the month of April invoice collections were robust at US$5,977,170.77 and total discount fee income was approximately US$169,000.

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