Canadian Imperial Venture V.CQV.H

REALISTIC.

[g.e.mullan]

Let's call this what it is....a HIGH RISK SPECULATIVE PLAY. I have been in & out of CQV over the last 5 years, & have lost money....NOT THE MORTAGE MONEY, NOR THE KIDS COLLEGE FUND, but nonetheless real money. My reentry into CQV is purely based on the fact that we know the oil is there...how much oil....still to be determined. I'm back in because people in CQV, like Steve, have not given up on the project, & now he, & his group have brought in other investors from different companies, whom, I believe, would not be prepared to put their money up if they did not believe there is potential to see a decent return on their capital. Also, since there is a line in the sand of August 2006 ..its not going to be dragged out ad infinitum. All of that said, people who buy shares in this company need to understand NOTHING MIGHT COME OF THIS NEXT ROUND OF EXPLORRATION & they need to be prepared to loose every dime of their money. As someone else on this board rightly says...this is NOT investing, its a high-stakes, potentially high-reward gamble. You might have a better chance on the 649 lottery. Regards, G.E.Mullan.