Canadian Imperial Venture V.CQV.H

RE: Private Placement

[Barrhead]

sugarworks: It is possible that some view SPE as a better investment than CQV, and have been the ones dumping to pick up their share of SPE. They do control a considerable portion of the Shoal Point drilling activity, and that is where the activity is centered, while there is little or no visible Alberta activity. Whatever CQV does with what I believe is $4-5 million, they received for Garden Hill from PDIP remains to be seen. Buying into the drilling of Shoal Point might be an option, but that would be like putting most of the eggs in one basket. Regardzzz..................Barrhead