Beatty/Coleman Room, Banff Springs Hotel, Banff, Alberta

CEAEC GENERAL MEETING

Thursday May 27, 2010

Beatty/Coleman Room, Banff Springs Hotel, Banff, Alberta Attendance:

Chad McCaw McCaw’s D & B Pierre St. Georges Dyno Nobel Darren Walker Walker’s Holdings Troy Walker Walker’s Holdings John Kozak Nordex Randy Erb Amerind Michael Young Explosives Partnership Jon Erickson Tradestar Allan Stanley Austin Powder Bill Fleenor Austin Powder Keith Taylor Austin Powder John Brulia Austin Powder John Topham Austin Powder Craig Nicolson Explosives Limited Nicholas Ebsworth Dyno Nobel Fred McNeill BXL Matthew Archibald Atlantic Explosives Cecil Trites Atlantic Explosives Jorge Duque CIL-Orion Everett Clausen CIL-Orion Mandy Johnson Maxam North America Aaron Galt Maxam N A Tom Watts Tread Corp Al Loan Orica Stephen McIsaac Industrial Trucking Ian Duff Industrial Trucking Richard Walker Consbec

STANDARDS OF CONDUCT FOR CEAEC MEETINGS

We would draw your attention to the conduct required at our meetings and suggest that we avoid using any terminology or make statements that might jeopardize our Association in the eyes of the law and particularly anti-trust laws.

We remind you that the Association was formed to pursue the above goals and during any meeting there are several things that should be avoided:

1) No discussion of prices.

2) No exchange of statistics.

3) No price fixing.

4) No black balling or bad mouthing others who work in our industry but are not part of our association. We are not a control organization and everyone is free to compete in the manner they so choose.

5) No discussion on division or restriction of trade or methods of distribution.

6) No discussion of boycotting sales to any client because of poor credit.

7) No discussion of sharing clients or markets.

In other words only positive discussions which will assist in promoting the aims of the Association.

1 The President, Nicholas Ebsworth, called the meeting to order and welcomed the members and guests to Banff.

S. McIsaac moved that the minutes of the last general meeting be approved as circulated. Seconded by Chad McCaw. Passed.

There was no business arising out of the minutes of the last meeting.

The manager of CEAEC, R. Morin, presented the manager's report for the past year as well as the financial report.

Committee Reports

Membership: There are currently 12 regular members and 12 Allied members in the Association.

Government Affairs: Regular contact was maintained with ERD, CERL and Transport Canada over the past year.

Quebec Affairs: Al Loan will keep us abreast of proposed changes in Quebec regulations regarding the explosives industry

Safety & Security Committee: Suspended until further notice

B ulk Vehicle Committee: Suspended until further notice.

Annual Meeting 2011: St. John’s, Newfoundland, July 6,7,8, 2010.

A nnual Meeting 2012: Whitehorse and Vancouver were chosen as potential sites

New Business: It was agreed that CEAEC membership in SAFEX was not required at this time.

Stephen McIsaac moved that the meeting be adjourned. Seconded by Frd McNeill. Passed