1. Bear Mountain Victoria, BC Due Diligence Tour December 5-7, 2006 Photo Essay www.bearmountain.ca

2. by Sherwood & Associates2 Due Diligence Team R-L Kevin Sherwood, Harvey Simons, Mario Battista and James Sanwick

3. by Sherwood & Associates3 Greater Victoria Bear Mountain

4. by Sherwood & Associates4 Seville Properties’ Millstream Mall This is Seville Properties’ current project on Millstream Road, a short distance from Bear Mountain Resort. Kevin Sherwood

5. by Sherwood & Associates5 Due Diligence Vehicle 4WD FORD EXPLORER, with Kevin Sherwood at the wheel, took a pounding as the diligence team visited every nook and cranny of the property.

6. by Sherwood & Associates6 Bear Mountain Parkway

7. by Sherwood & Associates7 Roughed-in Roads

8. by Sherwood & Associates8 Roughed-in Roads

9. by Sherwood & Associates9 Roughed-in roads Plenty of wild game

10. by Sherwood & Associates10 Work Sites

11. by Sherwood & Associates11 Work Sites

12. by Sherwood & Associates12 Work Site

13. by Sherwood & Associates13 Valley Course Roughed-in #10-18 and Nicklaus Golf Academy to open in 2007 18th 17th

14. by Sherwood & Associates14 Valley Course roughed-in

15. by Sherwood & Associates15 Valley Course roughed-in Clubhouse in the distance

16. by Sherwood & Associates16 Under Construction Compass Point, most exclusive Bear Mountain community, offers estate lots, quality construction and priceless views.

17. by Sherwood & Associates17 Condos under construction

18. by Sherwood & Associates18 Condos under construction

19. by Sherwood & Associates19 Neighborhood with a view

20. by Sherwood & Associates20 Mt. Rainier Views View from Skirt Mountain

21. by Sherwood & Associates21 Village Views 1. View from the Westin Resort 2. View from the Westin Resort 3. View from the Clock Tower

22. by Sherwood & Associates22 Village Master Plan

23. by Sherwood & Associates23 Clock Tower in Village Center

24. by Sherwood & Associates24 Westin Resort, Spa & Clubhouse

25. by Sherwood & Associates25 Mountain Side Athletic Club

26. by Sherwood & Associates26 Sales Success

27. by Sherwood & Associates27 In-house re-sales

28. by Sherwood & Associates28 Home Team Sales office

29. by Sherwood & Associates29 Mock-ups Cross View with Village Center in the distance

30. by Sherwood & Associates30 Mock-ups Skirt Mountain in distance & Village Center in forefront

31. by Sherwood & Associates31 Mock-ups Village Center

32. by Sherwood & Associates32 Mock-ups 4.5 acre parcel recently sold to developer for $60M

33. by Sherwood & Associates33 Mock-ups Skirt Mountain in forefront

34. by Sherwood & Associates34 Mock-ups Skirt Mountain close-up

35. by Sherwood & Associates35 Mock-ups Valley course rendering

36. by Sherwood & Associates36 Condos under construction Pond’s West St. Andrews Walk EastSt. Andrews Walk West

37. by Sherwood & Associates37 Pre-construction sell-out HighlanderSoaring Peaks Stonehaven

38. by Sherwood & Associates38 Nicklaus Signature Course

39. by Sherwood & Associates39 19 th Hole Just imagine…

40. by Sherwood & Associates40 Spectacular golf … the possibilities

41. by Sherwood & Associates41 Harvey Simons & the Bears Thank you for viewing this presentation