MD&A - Liquidity andCapitalThe Company commenced 2014 with a working capital deficit of $0.1 million. The working capital deficit at March 31, 2014 was $0.5 million. During 2014, the Company will further consider the timing and approach for the next phase of capital expenditure, if any, on its properties. The ability of the Company to recover the amounts shown for the properties is dependent upon the existence of economically recoverable reserves and upon the Company’s ability to obtain applicable permits and additional financing to continue the development of the Company’s properties and generate funds therefrom and to meet current and future obligations. The Company has terminated the agreement with Cresendo Resources with respect to the farm-out of Algar Lake. The Company has received an official notice from the Province of Alberta indicating that a significant portion of the Clearwater leases will be cancelled under UDSR and LARP. The Company will be compensated in accordance with existing legislation. The Company’s policy is to ensure that its cash investments are liquid and are invested in low risk products. The Company is pursuing financing arrangements to fund the international transactions that it has committed to. In addition, the Company is seeking compensation for the loss of cancelled lands and has submitted an estimate of the cost of the leases.