Core One Labs Inc. (CLABF)

[tonyo524]

This statement is one of concern discovered in my DD of the company and it's directors.

Bankruptcies To the best of the Company’s knowledge, no Proposed Director has, within ten years before the date of this Information Circular been a director or executive officer of any company that, while the Proposed Director was acting as a director or executive officer, became bankrupt, made a proposal under any legislation relating to bankruptcy or insolvency, or was subject to, or instituted, any proceedings, arrangement, or compromise with creditors, or had a receiver or receiver manger or trustee appointed to hold the company’s assets. To the best of the Company’s knowledge, no Proposed Director has, within ten years before the date of this Information Circular, become bankrupt, made a proposal under any legislation relating to bankruptcy or insolvency, or was subject to, or instituted, any proceedings, arrangement, or compromise with creditors, or had a receiver or receiver manger or trustee appointed to hold the Proposed Director’s assets Other

Taken from the LDS shareholder meeting notice

U.S. Bankruptcy Court
Northern District of Texas (Dallas)
Bankruptcy Petition #: 99-31869-bjh11

Party Name Court Case Ch Date Filed Date Closed Disposition

1 Pakulis, James (cr) txnbke 3:99-bk-31869 11 03/05/1999 04/28/2010 Discharge Not Applicable

So that above statement by the company is not entirely correct. Mr. Pakulis was involved in a unapproved bankruptcy that was closed in 2010, much less than 10 years ago!