The Company owns approximately 42% of Xtract Energy Plc, which is listed on the AIM as "XTR". Xtract identifies and invests in a diversified portfolio of early stage energy sector technologies and businesses with very significant growth potential. The company works closely with its management teams to achieve critical project milestones, to finance later development stages and to build and crystallise value for all shareholders and partners. Further information can be found at www.xtractenergy.co.uk

The Company owns approximately 20% of a NEMI Northern Energy & Mines Inc. which is listed on the TSX as "NNE.A". NEMI owns approximately 12% interest in Peace River Coal Limited Partnership. Peace River operates a metallurgical coal mine in northeast BC and also owns other development properties in the region, including 50% of the Belcourt-Saxon partnership with Western Coal.

The Company owns approximately 46.6% of Mandalay Resources Corporation, which operates a gold and antimony mine in Australia and has copper and silver interests in Chile. Mandalay trades on the TSX-V as "MND". For more information visit www.mandalayresources.com

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