Letter of Intent

Qalipu Mi’kmaq First Nation Band and Black Spruce Exploration Sign Letter of Intent

September 16, 2013

Corner Brook, NL – Chief Brendan Sheppard of the Qalipu Mi’kmaq First Nation Band announced today that it has signed a Letter of Intent with Black Spruce Exploration Corp effective September 11, 2013. This agreement will provide Qalipu and Black Spruce an opportunity to work together on a number of important issues around the development of the Oil & Gas sector in Western Newfoundland.

"The Qalipu Mi’kmaq First Nation Band is a modern and dynamic First Nation," states Chief Sheppard, "We want to see prosperity and growth for our members and for the west coast of our province, and at the same time we wish to honour our traditions, history as well as ensure a safe and stable future for our people. We are constantly seeking to create opportunities for our members and to contribute to the provincial economy and to do so in a safe and environmentally responsible manner. We are glad that Black Spruce is a willing partner to work towards these goals".

Black Spruce CEO David Murray could not agree more. "We are honoured that the Qalipu Mi’kmaq First Nation Band has stepped forward to work with Black Spruce to develop the energy opportunity of Western Newfoundland, states Mr. Murray, "Black Spruce takes Qalipu’s willingness to work with our company very seriously and we commit to be responsible stewards of the beautiful resources that are found throughout the region"

Both parties will work towards an agreement on such important issues as employment, education, supplier development and environmental protection. For more information on this historic agreement and the oil & gas sector in Western Newfoundland, please visit our website at http://www.qalipu.ca

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