Skookum has a deficit accumulated during
the development stage of $69,077 as of August 31, 2012. Skookum's financial statements are prepared using the generally accepted
accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities
in the normal course of business. However, Skookum has no current source of revenue and a limited amount of working capital. Without
realization of additional capital, it would be unlikely for Skookum to continue as a going concern. Skookum's management plans
on raising cash from public or private debt or equity financing, on an as needed basis and in the longer term, and, ultimately,
upon achieving profitable operations through the development of business activities.