New Ownership of Hudson Bay Mountain in Smithers

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January 25, 2011

Smithers, BC: The purchase of Hudson Bay Mountain Adventures Inc and related entities was completed

by Northern Resorts Management Inc in late December. ‘Northern’ is owned equally by Lorne Borgal,

Gary Mathiesen and Alfredo Hermano.

In Hudson Bay Mountain they share a common vision based on the strong position of the resort in the

market of Northern BC. They see a mountain with the natural characteristics that support long term

development and operation of a year-round resort. Anchored in the picturesque town of Smithers and

the stunningly beautiful Bulkley Valley with the best season long powder of any resort in the Province,

they are confident that they can bring a vibrant new era to Hudson Bay Mountain.

Please follow the link below where you will be able to download a complete update.

www.hudsonbaymountain.com/press_releases