PUBLIC OFFERING OF CROWN OIL SANDS RIGHTS (AVAILABLE ON INTERNET AT HTTP://WWW.RESDEV.GOV.AB.CA:) DEADLINE After 12:00 noon on 2000 May 31 offers to purchase oil sands leases and/or permits contained in this public offering will not be accepted. AMOUNT OF PAYMENT (Canadian Funds Only) 1. The total dollar offer should be stated in your bid letter. A breakdown of the Bonus, Fee and Rent is not required. 2. The annual rental is $3.50 per hectare or $50.00 whichever is the greater. The issuance fee is $500 per parcel. 3. The minimum acceptable offer is $2.50 per hectare for leases and $1.25 per hectare for permits. 4. The Department reserves the right to reject any bid. FORM OF PAYMENT 1. ELECTRONIC FUNDS TRANSFER (EFT). 2. Payment by cheque will be accepted if it meets the criteria for exception mentioned in Information Letter 99-3. 3. Companies and individuals that do not have a GST registration number are liable for payment of the Goods and Services Tax on various charges. All registrants must ensure that their GST number is provided in writing to Financial Services Branch @ Fax No. (780) 422-4281. HOW TO SUBMIT BIDS 1. The types of acceptable bids are BID TYPE1 AND BID TYPE II. The type of bid and its format are identified in attachments to Information Letter 97-14. Bids may be rejected if they do not comply with these standards. 2. One envelope may contain more than one bid as long as they are for the same agreement type. 3. Bid(s) should be enclosed in a sealed envelope and clearly marked as follows: "2000 May 31, --- OIL SANDS LEASE BIDS', for Leases. 4. Bids should be deposited in the box marked "OIL SANDS BIDS", or handed or mailed to any person acting for the manager at either the Calgary address: - 3rd Floor Monenco Place, 801 - 6th Avenue SW, T2P 3W2 or the Edmonton address - 7th Floor, Petroleum Plaza North Tower, 9945 - 108 Street, T5K 2G6. BIDS ARE ACCEPTED UNTIL 12:00 NOON ON THE PUBLIC OFFERING DATE. NO EXCEPTIONS. POINTS TO REMEMBER 1. Requestors of parcel(s) posted in a public offering are expected to bid on the posting(s). If the parcel(s) is not sold, the requestor will be charged a fee of $500 plus GST for each unsold parcel. 2. Effective January 01, 2000, all Oil Sands Agreements acquired include Solution Gas. Please refer to information letter 99-38 for the definition of Solution Gas and any other relevant information. · INDICATES ATTACHMENTS TO THIS PUBLIC OFFERING · APPENDIX 1 - Contains applicable Zone Designations (zd's). · APPENDIX 2 - Contains applicable Deeper Rights Reversion Zone Designations (Drrzd's). · APPENDIX 3 - Contains applicable addenda and contacts also terms and conditions for acquisition of parcel(s) within Metis Settlements (See IL 92-19). RESULTS OF THIS PUBLIC OFFERING 1. Accepted offers will be published on 2000 June 01 at 10.00 a.m. at the two addresses shown under the section entitled "HOW TO SUBMIT BIDS." 2. All agreements are issued in accordance with the Mines & Minerals Act and its regulations. APRIL 05, 2000 Eugene Saldanha, Manager EDMONTON, AB Mineral Agreements & Sales 2000 MAY 31 OIL SANDS PUBLIC OFFERING NOTICE SCHEDULE A LEASES Page 1 of 1 LEASE PARCELS HECTARES M RG TWP LAND DESCRIPTION ------ATHABASCA OIL SANDS AREA ------ OS 001 2,560.00 4 23 074: 33-36 4 23 075: 1-3;10-12 APPENDIX 3 OIL SANDS BELOW THE TOP OF THE VIKING FM DRRZD 6 TO THE BASE OF THE WOODBEND GRP DRRZD 258 OS 002 3,072.00 4 24 076: 3-10;15-18 OIL SANDS BELOW THE TOP OF THE VIKING FM DRRZD 6 TO THE BASE OF THE WOODBEND GRP DRRZD 258 TRACT ONE OS 003 3,072.00 4 24 077: 20-22;26;34;35 OIL SANDS BELOW THE TOP OF THE VIKING FM DRRZD 6 TO THE BASE OF THE WOODBEND GRP DRRZD 258 TRACT TWO 4 24 077: 23;27-29;32;33 OIL SANDS BELOW THE TOP OF THE VIKING FM DRRZD 6 TO THE BASE OF THE WOODBEND GRP DRRZD 258 EXCEPTING OIL SANDS IN THE WABISKAW-MCMURRAY AS DESIGNATED IN ZD 3515-1 3 8,704.00 ha Totals END ============================================================================ Page 1 of 1 2000 MAY 31 APPLICABLE ZONE DESIGNATIONS APPENDIX 1 ZD: 3515-1 Zone: 3062 WABISKAW-MCMURRAY INTERVAL: 1 472.00 - 1 642.00 FEET KEY WELL: 00/07-06-078-22W4/0 LOG TYPE: INDUCTION ELECTICAL END ============================================================================ APPENDIX 2 2000 MAY 31 APPLICABLE DEEPER RIGHTS REVERSION ZONE DESIGNATIONS Page 1 of 1 DRRZD: 6 Zone: 2140 VIKING FM INTERVAL: 2 600.0 - 2 680.0 FEET KEY WELL: 00/10-10-042-14W4/0 LOG TYPE: INDUCTION ELECTRICAL DRRZD: 258 Zone: 7040 WOODBEND GRP INTERVAL: 1 284.0 - 2 251.0 FEET KEY WELL: 00/10-29-077-18W4/0 LOG TYPE: SONIC END =========================================================================== ADDENDA AND CONTACTS APPLICABLE TO THE 2000 MAY 31 OIL SANDS PUBLIC OFFERING NOTICE Page 1 of 1 APPENDIX 3 LEASE ( LEASES) PARCEL NO(s). ADDENDA DESCRIPTION & CONTACT OS 001 4 23 075: 11NEP;12NWP IS/ARE WITHIN A PROVINCIAL RECREATION AREA. SURFACE ACCESS IS NOT PERMITTED. FOR FURTHER INFORMATION PLEASE CONTACT:BILL RICHARDS RESOURCE TECHNOLOGIST SYSTEMS PLANNING AND PROGRAM DEPARTMENT OF ENVIRONMENT DEVELOPMENT BRANCH NATURAL RESOURCES SERVICE 9820 - 106 ST. FLOOR 2 RECREATION AND PROTECTED AREAS EDMONTON AB T5K 2J6 (780) 427-9445 END