RE: RE: Clearwater Phase 1 Approval canceled leases will not affect clearwater Phase 1 & phase 2. see below taken from year end release.
"In March 2013, the Company received notice from Alberta Energy that six (6) parts of the Company’s
Clearwater leases located in the Gipsy-Gordon Wildland Park Conservation Area, comprising of 1,200
hectares, will be canceled under LARP. These lands are not in proximity to the Clearwater Phase 1
project area and outside future development areas so the cancelations will have no significant impact on
the development plan or ERCB application process. The portions of the leases to be canceled are all in
areas that AOS has previously deemed sterilized due to proximity to outcrops and water ways. The
Company is entitled to compensation for the loss of the lands and is preparing to submit an estimate of
the cost of the leases"