On July 1, 2002, National Instrument 54-102: Interim Financial Statement and Report Exemption (“NI 54-102”) and National Instrument 54-101: Communication with Beneficial Owners of Securities of a Reporting Issuer and its Companion Policy (together, "NI 54-101") were brought into force as rules in British Columbia, Alberta, Manitoba, Ontario, Newfoundland and Nova Scotia, as Commission regulations in Saskatchewan and as policies in all other jurisdictions represented by the Canadian Securities Administrators (the “CSA”) other than Quebec. Quebec is still awaiting regulatory approval of NI 54-101 and NI 54-102 and therefore it has enacted temporary exemptions to allow Quebec issuers to benefit from the harmonized standards. NI 54-101, its Companion Policy and NI 54-102 together replace the policies previously promulgated under National Policy 41 – Shareholder Communication (“NP 41”).

type National Instrument 54-102: Interim Financial Statement and Report Exemption