1. Economic Development Update June 18, 2012

2. Project Updates MLBV Corporate & transfer of business assets Forestry Ne-He-Thow Store Paskwawakihk Store Sawmill/log home construction Montreal Lake Industrial

3. MLBV C0rporate Chief and Council made decision by way of BCR to separate business from politics and put all businesses under the umbrella of MLBV The accountants and lawyers have nearly finished their work o The two stores will be rolled into MLBV in the next few months o Partnership units in NRT and PADCBD Independent board of directors Board of Directors working on personnel and financial policy manuals

4. Forestry Carrier Lumber agreement has been signed o 100,000 cubic meters of softwood o 6 year term o MLBV has first right to harvest, load and haul our allocation o Achieving this by sub contract with existing company o MLBV has first right to tree plant on our allocation o Work at their PA Mill (2 presently)

5. Forestry (continued) Paper Excellence agreement getting close o 100,000 cubic meters of softwood o And 40,000 cubic meters of hardwood o 5 year term o MLBV has first right to harvest, load, haul and tree plant on our allocation area o Work at the Pulp Mill

6. Forestry (continued) Paper Excellence – Letter of Intent o Greenhouse using their waste heat o Training centre – steamfitters, instrumentation etc o Mill yard opportunities o Scaling contract – samples of green wood o Wood chip sampling for quality o Wood chip production

7. Forestry (cont) Kaskew Forestry o The allocation will be transferred within two years o Bart Smith has been providing forester and watchdog services for us and attends all meetings of Sakaw Askiy o Now looking for a new GM o Tree plant will start on July 4 o Funding request into CFS-AFI for GM wages for two years

8. Ne-He-Thow Store Store has good team in place Planning underway for a new 8,500 sq ft store Financial statements will be prepared for the two year period ending September 30, 2012 Then feasibility study and business plan Construction to start in about May 2013

9. Paskwawakihk Store Have CEOP funds in place to have a feasibility study and business plan prepared Questionnaire to community – what will you support Possible expand inventory, new pumps, signs etc

10. Value Added Sawmill – Log Home Have CEOP funds in place to have a feasibility study and business plan prepared On the surface it looks like a good fit We have:  A need for housing  Trained log home builders  A supply of wood  A sawmill and loader

11. Montreal Lake Industrial Another well managed company MLI has contracts in place with:  Key Lake – containment upgrades  Key Lake – Molly plant, Ductal concrete install  Key Lake – Product Recovery Plant  Cigar Lake – beginning on June 25  New McArthur River Camp concrete slab complete  Pulp Mill – new truck dumper and new Hog Screw

12. HUMAN RESOURCE DATABASE There will opportunities aplenty in the future We know we have lots of trained people and lots of others who are ready willing and able (with a bit training) We need a searchable data base Your assistance in filling in this questionnaire will be a big help to us Kevin Bear will be helping out

13. Looking Ahead Tree planting starts July 4 th Selection of 14 planters will be done on June 25 th Looking for training funds for the sawmill Questionnaires completed and inputted into database Ongoing meetings with PAPI to develop the training centre Ensure that our trained people get work with our logger