MKI | M.K. Ince and Associates Ltd.

PROJECT PROFILE

Mamette Lake Wind Energy Project

2 JUNE 17, 2015 MKI | M.K. Ince and Associates Ltd.

Mamette Lake Wind Energy Project: Project Profile

Site Conditions

Project location 20 km north of Merritt BC in southern interior BC

Land ownership Crown Land

Land tenure Company 0991538 B.C. Ltd holds the lease for 1,400 hectares of land; Wind Power

Investigative License issued 2015.

On-site

Measurements

One 50 m meteorological tower installed on Mt. Guichon (7 km away), almost 7 years of

data collected since 2008. Elevation of tower: 1,730 masl.

One 60 m meteorological tower installed on Mt. Mabel (12 km away), 2 years of data

collected since 2013. Elevation of tower: 1,607 masl.

Met tower installation on Mamette Lake site expected summer 2015.

Installable Capacity Capacity of approximately 15 MW based on Standing Offer Program Project Limitation.

The project has over 12 potential turbine sites with average wind speeds >7 m/s,1 for a

maximum feasible capacity of approximately 36 MW.

Interconnection Project area intersected by one 138 kV and one 69 kV Transmission Lines, and adjacent

to one 130 kV Transmission Line; HLD Transformer Station approx. 10 km away

Wind resource Annual wind speeds of 7.0 – 7.3 m/s at 95 m hub height for potential turbine locations1.

Accessibility Highway 97C (Mamit Lake Road) runs adjacent to the project area, with many good

forestry roads on-site.

Terrain Forested mountain 1,000 masl – 1,683 masl

Constructability

Issues

None known; generally not rugged.

First Nations2 Various First Nations and Tribal Councils

Birds Important Bird Area BC172 20 km east of the Project Area

Interests in area Forestry and mining leases within the Project Area.

Preliminary Financial Analysis (15 MW)

Capacity Factor of the Proposed Layout (Net of Losses) 39%

Annual Revenue $5.9 Million

Capital Cost (Total Investment) $43 Million

Return on Investment 13.8%

Potential Commercial Operation Date 2018

1 Based on Computational Fluid Dynamics modeling

2 Based on BC Consultative Areas Database

3 JUNE 17, 2015 MKI | M.K. Ince and Associates Ltd.

View from north on Mamit Lake Road (Hwy 97C)

4 JUNE 17, 2015 MKI | M.K. Ince and Associates Ltd.

HLD Transformer Station of BC Hydro

5 JUNE 17, 2015 MKI | M.K. Ince and Associates Ltd.

View of the Project Area from Mt. Guichon

6 JUNE 17, 2015 MKI | M.K. Ince and Associates Ltd.

Panorama view from east

7 JUNE 17, 2015 MKI | M.K. Ince and Associates Ltd.

On Project Area