Record of Delivery

    • 2012

    • Public spin-off from TSX:ERD

    • 2013

    • Sold USA land holdings for $395k

    • 2014

    • Monetized Black Point with U.S.’s largest aggregate producer for $1.8 mln & 50 year production royalty

    • 2014

    • Worked with prospective buyers, NS govn’t, & Glencore to initiate a change in ownership at Donkin

    • 2014

    • Received first royalty payment from Yellow Giant gold project

    • 2014

    • Waived ROFR on sale of Glencore’s 75% Donkin interest in favor of third party buyer, The Cline Group

    • 2014

    • Completed financing for $1.45 mln at $0.20

    • 2014

    • The Cline Group purchased Glencore’s 75% interest in Donkin

    • 2014

    • Signed Agreement with Cline for $5.5 mln & 2-4% production royalty

    • 2014

    • Completed private placement with Cline subsidiary for $1 mln at $0.30

    • 2015

    • Received $2 mln on closing with Cline

    • 2015

    • Submitted Environmental Impact Statement for Black Point

    • 2015

    • Adopted Shareholder Rights Plan

    • 2015

    • Odd-lot program removed small and odd-lot shareholders (327,000 common shares; 0.6% of shares o/s)

    • 2016

    • Played out land reversion strategy in Georgia resulting in retention of 1,020 surface acres

    • 2016

    • Black Point receives positive environmental permitting decision; Morien receives $400,000

    • 2017

    • Cline commences production at Donkin Coal project

    • 2017

    • Morien receives first royalty payment from Cline

    • 2017

    • Morien receives first minimum royalty payment from Vulcan Materials

    • 2017

    • Announced inaugural dividend and initiated quarterly dividend policy

    • 2018

    • Cline signs multi-year coal offtake agreement with local power utility, Nova Scotia Power, to supply a portion of Donkin coal production to NSP’s nearby Lingan Generating Station.

    • 2018

    • Cline adds Flexible Conveyor Train to mining fleet; expected to significantly increase production volumes

    • 2019

    • Provincial Energy Ventures announces plans to proceed with first phase of a $75 million expansion of its coal export facility in Sydney, Cape Breton.

    • 2019

    • Sold remaining USA land holdings for $935,000, after deducting for transaction related costs

    • 2019

    • Purchased/cancelled 18% of shares outstanding since 2015 as part of Normal Course Issuer Bid

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