NOTE 4: RELATED PARTY TRANSACTION
On February 8, 2010, the Companys sole
director at the time, advanced the sum of $25,000 CAD ($23,740 USD) on behalf of the Company to the operator of certain natural
gas wells located in Alberta (the "Prospect"). The advance was recorded by the Company as a non-interest bearing unsecured
loan by the former director to the Company that was due and payable on demand. On August 30, 2011, the Company assigned all its
interest in and to the Prospect, including recovery of $100,000 CAD ($94,960 USD) cash receivable from the operator of the Prospect,
to the former director in exchange for a release of $25,000 CAD ($23,740 USD) owed to him by the Company.