Red Eagle Mining Corporation

Red Eagle Mining Corporation was placed in receivership by order of the Supreme Court of British Columbia on November 21, 2018, under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act, in court file S1812407. FTI Consulting, Inc. was appointed Receiver and Manager on the application of Orion Fund JV Limited, acting as collateral agent for itself and Liberty Metals and Mining Holdings LLC. The proceeding remains active. At the entity level, the books and records of REMDC Holdings Limited showed, as at November 22, 2018, an investment in subsidiary with no dollar value carried and $1,298,748 due from a related party, unaudited and unverified by the Receiver. Orion Fund JV Limited claims approximately USD 79,901,000 from REMDC under a guarantee and security agreement granted in support of a loan to REMDC's parent.