1. Pellet Plant Wawasum Corporation

2. Wawasum 50/50 Partnership BNA & AZA Planned Location: BNA Reserve 67,000 tpa

3. Wood Pellet Market (Categories) INDUSTRIALRESIDENTIAL

4. Wood Pellet Market (Product/Spec) INDUSTRIALRESIDENTIAL

5. Wood Pellet Market (Logistics) INDUSTRIAL RESIDENTIAL

6. Key Market Questions 1.What product will we produce? (Residential or Industrial) 2.Where is our target market? (N.America or Overseas) 3.How will we deliver the product to them? (Rail, Vessel, Truck – cost?)

7. Ontario Power Generation Atikokan Generating Station Proposed Conversion

8. Who Buys Wood Pellets? INDUSTRIAL European Union United Kingdom RESIDENTIAL Italy

9. Great North BioEnergy (GNBE) 1.Wawasum Corp. (BNA/AZA) 2.Atikokan Renewable Fuels 3.Whitesand FN

10. Great North BioEnergy (GNBE) 3 Production Plants Same Equipment Same Process Same Product 1 Marketing Front

11. Why GNBE? – European Demand Reliability of Supply Repairs & Maintenance Larger Volume

12. Wawasum Wood Allocation 113,000 m3/yr 25% Birch 75% Poplar 10 year Commitment (likely 20yrs)

13. Class 30 Engineering Study and Business Plan Development

14. Class 30 Engineering & Business Plan Analyses and design of plant Equipment identification and layout Process flow diagram Budget Construction Opinion of Cost (+ - 30%) Simplified Project Schedule and GANTT chart

15. Class 30 Engineering & Business Plan RESULTS: Cost to produce Industrial? Cost to produce Premium? Adjustments to Business Plan required? Solid numbers to secure financing

16. WAWASUM – PELLET PLANT NEXT STEPS: Review results of the Class 30 Engineering Review business plan & financials Make any adjustments necessary Secure off-take agreement Secure financing for construction Site preparation & begin construction

17. Pellet Plant Wawasum Corporation