The audit committee has primary responsibility for monitoring the quality of internal controls and ensuring that the financial performance of the Company is properly measured and reported on and for reviewing reports from the Company's auditors relating to the Company's accounting and internal controls.

The audit committee members are Eric Brown (Chair), Robert Cross, Jonathan Harris and Phill Knoll. The following is a description of their education and experience that is relevant to the performance of their responsibilities as audit committee members.

Eric Brown is a Chartered Accountant with several years experience as a director of both private and public Canadian companies. He has served on public company audit committees in the past. Eric possesses over 25 years experience in the financial services industry.

Robert Cross has more than 15 years of experience in the international resource equity markets. He was formerly CEO of Yorkton Securities Inc. and Partner - Investment Banking of Gordon Capital Corporation. Mr. Cross received his Engineering degree from the University of Waterloo, Ontario (1982) and an MBA from the Harvard Business School (1987).

Jonathan Harris holds a degree in Chemical Engineering and an MBA from the London Business School. He has over 20 years international experience in a senior management capacity with various companies and currently runs his own consulting business in London, UK. As well as being a director of a number of privately held companies he has served on the boards of Eastern Platinum Ltd and Hard Assets Inc.

Phill Knoll has over 30 years of varied experience in the energy sector, primarily related to energy infrastructure businesses. Mr. Knoll has held leadership roles in the development, acquisition, implementation and operation of businesses across the natural gas value chain. He is a graduate of St. Francis Xavier University and the Technical University of Nova Scotia (P.Eng).