<?xml version="1.0" ?>
<!-- 42263_20050504OON.xml -->
<PublicOfferingNotice xmlns="http://tempuri.org/PON.xsd" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://tempuri.org/PON.xsd PON.xsd">
<MineralType>OIL SANDS</MineralType>
<SaleDate>2005-05-04</SaleDate>
<!-- LEASE SCHEDULE -->
<Schedule>
<ContractType>LEASE</ContractType>
<Region>
<Name>COLD LAKE OS</Name>
<Contract>
<ContractNo>L0001</ContractNo>
<Hectares>256</Hectares>
<RestrictionCodeApplies>MTS000101-32-M002</RestrictionCodeApplies>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40205708</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>IN THE</Qualifier>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDCode>4</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
</Region>
<Region>
<Name>ATHABASCA OS</Name>
<Contract>
<ContractNo>L0002</ContractNo>
<Hectares>128</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>41009011S</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>BELOW THE TOP OF THE</Qualifier>
<ZoneName>VIKING FM</ZoneName>
<DRRZDCode>6</DRRZDCode>
</Line>
<Line>
<Qualifier>TO THE BASE OF THE</Qualifier>
<ZoneName>WOODBEND GRP</ZoneName>
<DRRZDCode>258</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0003</ContractNo>
<Hectares>128</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>41009014S</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>BELOW THE TOP OF THE</Qualifier>
<ZoneName>VIKING FM</ZoneName>
<DRRZDCode>6</DRRZDCode>
</Line>
<Line>
<Qualifier>TO THE BASE OF THE</Qualifier>
<ZoneName>WOODBEND GRP</ZoneName>
<DRRZDCode>258</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
</Region>
</Schedule>
<DeeperRightsReversionZoneDesignations>
<!-- Deeper Rights Reversion Zone Designations -->
<DRRZD>
<DRRZDCode>4</DRRZDCode>
<DRRZDZone>
<ZoneCode>2480</ZoneCode>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDKeyWell>
<WellID>00/06-16-041-08W4/0</WellID>
<DRRZDInterval>
<From>2557</From>
<To>2985</To>
<UnitOfMeasure>FEET</UnitOfMeasure>
</DRRZDInterval>
<LogType>INDUCTION ELECTRICAL</LogType>
</DRRZDKeyWell>
</DRRZDZone>
</DRRZD>
<DRRZD>
<DRRZDCode>6</DRRZDCode>
<DRRZDZone>
<ZoneCode>2140</ZoneCode>
<ZoneName>VIKING FM</ZoneName>
<DRRZDKeyWell>
<WellID>00/10-10-042-14W4/0</WellID>
<DRRZDInterval>
<From>2600</From>
<To>2680</To>
<UnitOfMeasure>FEET</UnitOfMeasure>
</DRRZDInterval>
<LogType>INDUCTION ELECTRICAL</LogType>
</DRRZDKeyWell>
</DRRZDZone>
</DRRZD>
<DRRZD>
<DRRZDCode>258</DRRZDCode>
<DRRZDZone>
<ZoneCode>7040</ZoneCode>
<ZoneName>WOODBEND GRP</ZoneName>
<DRRZDKeyWell>
<WellID>00/10-29-077-18W4/0</WellID>
<DRRZDInterval>
<From>1284</From>
<To>2251</To>
<UnitOfMeasure>FEET</UnitOfMeasure>
</DRRZDInterval>
<LogType>SONIC</LogType>
</DRRZDKeyWell>
</DRRZDZone>
</DRRZD>
</DeeperRightsReversionZoneDesignations>
<AddendaAndContacts>
<!-- Applicable Addenda And Contacts -->
<RestrictionDetail>
<RestrictionCode>MTS000101-32-M002</RestrictionCode>
<AppliesTo>
<ContractType>LEASE</ContractType>
<ContractNo>L0001</ContractNo>
<RestrictionLandDescription>
<RestrictionLand>
<LandKey>40205708N</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</RestrictionLand>
<RestrictionLand>
<LandKey>40205708SE</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</RestrictionLand>
<RestrictionLand>
<LandKey>40205708SW</LandKey>
<Portion></Portion>
<MetesBoundsIndicator>P</MetesBoundsIndicator>
<MetesBounds> </MetesBounds>
</RestrictionLand>
</RestrictionLandDescription>

</AppliesTo>
<RestrictionDescription>
IS/ARE WITHIN A METIS SETTLEMENT.  THE SUCCESSFUL BIDDER MUST ENTER INTO A
DEVELOPMENT AGREEMENT WITH THE METIS SETTLEMENTS GENERAL COUNCIL AND THE
AFFECTED SETTLEMENT THAT INCLUDES NEGOTIATED COMMITMENTS TO:
</RestrictionDescription>
<RestrictionDescription>
1.  ENSURE THE PROTECTION OF THE ENVIRONMENT IN THE SETTLEMENT AREA IN
ACCORDANCE WITH PROVINCIAL STANDARDS AND SETTLEMENT BYLAWS;
</RestrictionDescription>
<RestrictionDescription>
2.  CONDUCT OPERATION IN A WAY THAT MAINTAINS THE SOCIAL AND CULTURAL
ORDER OF THE SETTLEMENT AREA AND CONFORMS WITH THE DEVELOPMENT PLANS AND
LAND USE RESTRICTIONS ESTABLISHED BY THE SETTLEMENT COUNCIL;
</RestrictionDescription>
<RestrictionDescription>
3.  EMPLOY, TRAIN, AND PROVIDE BUSINESS OPPORTUNITIES TO SETTLEMENT
MEMBERS, TO AN EXTENT THAT IS PRACTICAL, DURING THE CONSTRUCTION,
OPERATION, RECLAMATION AND ABANDONMENT PHASES OF ITS OPERATIONS IN THE
SETTLEMENT AREA;
</RestrictionDescription>
<RestrictionDescription>
4.  PAY APPLICABLE SETTLEMENT LICENCE FEES AND TAXES;
</RestrictionDescription>
<RestrictionDescription>
5.  PROVIDE FAIR AND REASONABLE COMPENSATION FOR SURFACE ACCESS AND
DAMAGES INCLUDING INFRASTRUCTURE DAMAGE, TIMBER LOSS, AND OTHER SPECIAL
DAMAGES;
</RestrictionDescription>
<RestrictionDescription>
6.  RECOGNIZE THE GENERAL COUNCIL'S RIGHT TO AN OVERRIDING ROYALTY AND
25% PARTICIPATION OPTION AS PROVIDED FOR IN THE CO-MANAGEMENT AGREEMENT
(SCHEDULE 3 OF THE METIS SETTLEMENTS ACT);
</RestrictionDescription>
<RestrictionDescription>
7.  ADHERE TO THE PROCEDURES CONTAINED IN THE CO-MANAGEMENT AGREEMENT AND
INFORMATION LETTER 92-19;
</RestrictionDescription>
<RestrictionDescription>
8.  THE SUCCESSFUL BIDDER WILL BE REQUIRED TO SIGN AN AGREEMENT IN THE
FORM OF THE MASTER DEVELOPMENT AGREEMENT, THE TEMPLATE OF WHICH IS
AVAILABLE FROM THE GENERAL COUNCIL UPON REQUEST.
</RestrictionDescription>
<RestrictionDescription>
PLEASE NOTE:  UNDER THE MASTER DEVELOPMENT AGREEMENT, THE SUCCESSFUL
BIDDER WILL BE A JOINT VENTURE PARTNER WITH THE METIS SETTLEMENTS
GENERAL COUNCIL.  FURTHER INFORMATION CAN BE OBTAINED BY CONTACTING
DARLENE CARIFELLE, POSTING COORDINATOR FOR THE METIS SETTLEMENTS GENERAL
COUNCIL AT (780) 822-4068.
</RestrictionDescription>
<RestrictionDescription>
POTENTIAL BIDDERS SHOULD NOTE THAT FURTHER INFORMATION AND
DETAILS REGARDING THE ABOVE TERMS AND CONDITIONS WILL BE
AVAILABLE ON MAR 23, 2005.
</RestrictionDescription>
<SurfaceAccess>
SURFACE ACCESS IS SUBJECT TO SPECIFIC RESTRICTIONS
</SurfaceAccess>
<Contact>
<ContactName>DARLENE CARIFELLE</ContactName>
<ContactTitle>METIS SETTLEMENTS GENERAL COUNCIL</ContactTitle>
<ContactAddressLine>10335 172 ST NW SUITE 200</ContactAddressLine>
<ContactCityTownVillageName>EDMONTON</ContactCityTownVillageName>
<ContactProvinceStateName>AB</ContactProvinceStateName>
<ContactPostalCode>T5S 1K9</ContactPostalCode>
<ContactTelephone>
<AreaCode>780</AreaCode>
<Prefix>822</Prefix>
<Suffix>4068</Suffix>
</ContactTelephone>
</Contact>
</RestrictionDetail>
</AddendaAndContacts>
</PublicOfferingNotice>

