Project Update, page-7

Ggc17, from the last Quarterly;

"Providing funding is forthcoming, the Board is now planning for drilling to start in September
2014 using two rigs simultaneously. The selected drilling contractor has advised that the rigs
to be used this year can be winterised such that drilling, coring and drill stem testing can
continue through winter, if required, as is the practice with oil and gas operations in other cold
locations such as Canada."