Geological Reports

Softrock Oil Reserves - as stated December 31, 2008 available on SEDAR.

Alberta Properties

Grand Forks
A 3% GORR (gross overriding royalty) is held in 3 producing Grand Forks oil wells in the southeast quarter of section 09, township 12, range 13 west of fourth meridian.

Minhik
The company has a twenty per cent working interest, subject to its proportionate share of a 13% GORR in a one section (640 ac) Crown Lease on all rights from surface to base of Cretaceous on which it is completing an Ostracod B sand light oilwell. Most of the other upper zones in the Cretaceous appear to be gas laden, with the possibility of oil in a couple of thin sands which will be tested sometime in the future.
In addition the company has the same interest in the same section (section 35, township 44, range 04, west of fifth meridian) in a shut-in Edmonton (Horseshoe Canyon) gas well about one mile away from other producers.

Potash-Lithium
The company is in the first year (2009) of an Alberta Non-Metallic Licence on three permits totalling 66,240 ac in northwest Alberta off the Peace River Arch in which it holds a 100% interest.

Saskatchewan Properties

Two Sparky heavy oilwells on two quarter sections in which the company has a forty percent working interestin the Manitou Lake area of northwest Saskatchewan have been suspended due to high water cuts. Studies are being done to see if recompletions should be tried or extensive pump tests carried out to see if there is a rate of withdrawal which will maximize oil recovery.

Québec Properties

The Company is in the first year, with a 100% working interest, in a Province of Québec Oil and Gas Exploraton License of 5,575 hectares (13,776 ac) in the Sept-Îles area on the North shore of the St Lawrence River.

Income