Marquee Energy Ltd. (fka MQXDF)

[Enterprising Investor]

Lower Athabasca Regional Plan (LARP)

On August 22, 2012, the Government of Alberta approved the Lower Athabasca Regional Plan (“LARP”). The LARP identifies and sets resource and environmental management outcomes for air, land, water and biodiversity, and will guide future resource decisions while considering social and economic impacts.

In March 2013, the Company received notice from Alberta Energy that six (6) parts of the Company’s Clearwater leases located in the Gipsy-Gordon Wildland Park Conservation Area, comprising of 1,200 hectares, will be cancelled under LARP. These lands are not in proximity to the Clearwater Phase 1 project area and outside future development areas so the cancellations had no significant impact on the development plan or ERCB application process. The portions of the leases to be cancelled are all in areas that AOS has previously deemed sterilized due to proximity to outcrops and water ways. In April 2014, the Company received $1.4 million in compensation with respect to the cancelled leases under LARP.

MD&A 11/27/14

Source: SEDAR

http://www.sedar.com/FindCompanyDocuments.do