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FINANCIAL STATEMENTS - Available at www.sedar.com

Management’s Discussion and Analysis

May 31, 2015

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Interim Financial Statements

May 31, 2015

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Audited Financial Statements

February 28, 2015

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Management’s Discussion and Analysis

February 28, 2015

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Management’s Discussion and Analysis

November 30, 2014

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Interim Financial Statements

November 30, 2014

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Management’s Discussion and Analysis

August 31, 2014

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Interim Financial Statements

August 31, 2014

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Audited Financial Statements

May 31, 2014

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Management’s Discussion and Analysis

May 31, 2014

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Audited Financial Statements

February 28, 2014

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Management’s Discussion and Analysis

February 28, 2014

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Management’s Discussion and Analysis

November 30, 2013

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Interim Financial Statements

November 30, 2013

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Management’s Discussion and Analysis

August 31, 2013

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Interim Financial Statements

August 31, 2013

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Management’s Discussion and Analysis

May 31, 2013

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Interim Financial Statements

May 31, 2013

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Management’s Discussion and Analysis

February 28, 2013

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Audited Financial Statements

February 28, 2013

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Management’s Discussion and Analysis

November 30, 2012

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Interim Financial Statements

November 30, 2012

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Management’s Discussion and Analysis

August 31, 2012

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Interim Financial Statements

August 31, 2012

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Management’s Discussion and Analysis

May 31, 2012

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Interim Financial Statements

May 31, 2012

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Audited Financial Statements

February 29, 2012

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Management’s Discussion and Analysis

February 29, 2012

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Management’s Discussion and Analysis

November 30, 2011

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Interim Financial Statements

November 30, 2011

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Management’s Discussion and Analysis

August 31, 2011

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Interim Financial Statements

August 31, 2011

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Management’s Discussion and Analysis

May 31, 2011

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Interim Financial Statements

May 31, 2011

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Audited Financial Statements

February 28, 2011

Years ended February 28, 2011 and 2010

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Management’s Discussion and Analysis

February 28, 2011

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Interim Financial Statements

November 30, 2010

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Management’s Discussion and Analysis

November 30, 2010

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Interim Financial Statements

August 31, 2010

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Management’s Discussion and Analysis

August 31, 2010

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Interim Financial Statements

May 31, 2010

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Management’s Discussion and Analysis

May 31, 2010

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Audited Financial Statements

February 28, 2010

Years ended February 28, 2010 and 2009

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Management’s Discussion and Analysis

February 28, 2010

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Interim Financial Statements

November 30, 2009

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Management’s Discussion and Analysis

November 30, 2009

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Interim Financial Statements

August 31, 2009

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Management’s Discussion and Analysis

August 31, 2009

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Interim Financial Statements

May 31, 2009

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Management’s Discussion and Analysis

May 31, 2009

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FORWARD LOOKING STATEMENTS

This website may contain certain forward-looking statements related to, among other things, expected future events, future spending levels and the future financial and operating results of the Company. Forward-looking statements are encouraged to enhance communication but are subject to inherent risks and uncertainties including, but not limited to, market and general economic conditions, changes arising as drilling results unfold, changes in regulatory environments affecting the Company and the availability and terms of subsequent financings. Consequently, actual results and events may differ materially from those included in, contemplated or implied by such forward-looking statements for a wide variety of reasons.