Western Tidal Holdings Ltd. (“Western Tidal”), a tidal power marine energy project developer in British Columbia
are pleased to announce the execution of an Investigative Use License Agreement, the first of what Western Tidal
hope to be many collaborative efforts with the shíshálh Nation as described below in their press release dated
January 31, 2014 (inserted below). In addition to the shíshálh Nation, Western Tidal has worked with and has
gained the support for investigation permits of several other First Nation groups in and around the coastal waters of
B.C..

Western Tidal is the leading marine energy project developer operating in the coastal waters of British Columbia,
Canada. Western Tidal has worked with several First Nation groups and has made applications to the Ministry of
Forest, Land and Natural Resource Operations for investigative permits at fourteen project sites. Western Tidal is
also in the process of identifying additional sites which it intends to review against its development criteria, and
doing so in full collaboration with First Nations.

 

shíshálh Nation Press Release as released dated January 31, 2014 :

shíshálh Nation

shíshálh Nation signs Investigative Use License Agreement with Western Tidal Holdings Ltd.
Sechelt, BC – shíshálh Nation Chief Garry Feschuk and Council state, “This agreement is a prime example of how
shíshálh stewards its land. Through our Lands and Resources Decision-Making Policy, we are ensuring that our
resources are protected and that development occurs in a sustainable manner. Western Tidal engaged with the
Nation early with the goal of creating collaboration. We applaud them and expect all proponents to follow their
example.”

The agreement initiated the building of a constructive working relationship between Western Tidal and the shíshálh
Nation. Through the agreement due diligence will be conducted by the shíshálh Nation and Western Tidal. The
agreement allows the company to investigate the feasibility of a tidal project in Agamemnon Channel. The Nation
and Western Tidal will jointly decide if the project will proceed to the development stage. The agreement also
allows for Western Tidal to hold an investigative use licence for tidal power at Skookumchuck; however, any
investigative work or development must be expressly approved by the shíshálh Chief and Council.