David Wilson
CEO, President & Non-Independent Director

[Audio Gap] Director of Kelt Exploration, and I will assume the position of Chair for this meeting.

Before we begin the formal business of the meeting, I would like to take a moment to introduce directors and officers of the corporation who are present today; Ray Kwan, Jennifer Haskey, Sadiq Lalani and David Gillis.

In order to ensure that the meeting covers the required business in an efficient manner, we have prearranged with designated shareholders or proxy holders to move and second the motions of business.

The meeting will now come to order. And if there are no objections, I should ask Louise Lee to act as Secretary of the meeting and Nazim Nathoo of Odyssey Trust Company to act as scrutineer of the meeting.

The meeting will -- sorry, the Secretary has provided me with proof of mailing of the notice of meeting, instrument of proxy, management information circular and accompanying documents of the registered shareholders and the directors of the corporation. I direct a copy of the proof of mailing, together with copies of the document mailed to shareholders to be kept by the Secretary with the records of this meeting. With the consent of the meeting, the reading of the notice of meeting will be dispensed with.

The bylaws of the corporation states the quorum for the purpose of a meeting of shareholders is established based on 2 persons present and holding or representing by proxy at least 25% of the shares entitled to vote at the meeting. The scrutineer has provided me with