STAY INFORMED TMX ACADEMY Toronto Stock Exchange and TSX Venture Exchange Are Committed to Helping Listed Companies Succeed

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LEARNING STAY INFORMED TMX ACADEMY Toronto Stock Exchange and TSX Venture Exchange are committed to helping listed companies succeed. TMX Learning Academy is an educational platform for information relevant to being or becoming a public company. We offer educational programs and tools such as interactive workshops, online courses and seminars on topics important to public companies. Access programs designed to keep you informed in the evolving public markets.

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tmx.com/learning 2014 WORKSHOP SERIES

Timely Disclosure Fundamentals Spring session MONTREAL * TORONTO HALIFAX MAY 6, 2014 MAY 8, 2014 MAY 9, 2014 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM MAY JUNE Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Managing a Public Company 1 2 3 MONTREAL * TORONTO CALGARY MAY 15 - 16, 2014 MAY 29 - 30, 2014 NOVEMBER 20 - 21, 2014 8:30 AM - 4:30 PM 8:30 AM - 4:30 PM 9:00 AM - 4:30 PM 4 5 6 7 8 9 10 1 2 3 4 5 6 7 11 12 13 14 15 16 17 8 9 10 11 12 13 14 Filing Fundamentals VANCOUVER CALGARY TORONTO MONTREAL * 18 19 20 21 22 23 24 15 16 17 18 19 20 21 JUNE 12, 2014 JUNE 12, 2014 JUNE 12, 2014 JUNE 12, 2014 1:00 PM - 4:30 PM 1:00 PM - 4:30 PM 1:00 PM - 4:30 PM 1:00 PM - 4:30 PM 25 26 27 28 29 30 31 22 23 24 25 26 27 28 NOVEMBER 13, 2014 NOVEMBER 13, 2014 NOVEMBER 13, 2014 NOVEMBER 13, 2014 1:00 PM - 4:30 PM 1:00 PM - 4:30 PM 1:00 PM - 4:30 PM 1:00 PM - 4:30 PM 29 30 Rules and Tools CALGARY TORONTO MONTREAL * VANCOUVER OCTOBER 23, 2014 OCTOBER 23, 2014 OCTOBER 23, 2014 OCTOBER 23, 2014 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM

Mining Company Disclosure Fundamentals Fall session VANCOUVER NOVEMBER 4, 2014 1:00 PM - 4:30 PM OCTOBER NOVEMBER Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 1 Investor Relations Fundamentals TORONTO MONTREAL * CALGARY VANCOUVER 5 6 7 8 9 10 11 2 3 4 5 6 7 8 OCTOBER 16, 2014 OCTOBER 28, 2014 OCTOBER 30, 2014 OCTOBER 31, 2014 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM 12 13 14 15 16 17 18 9 10 11 12 13 14 15 19 20 21 22 23 24 25 16 17 18 19 20 21 22 Capital Markets & Equity Trading Essentials HALIFAX TORONTO CALGARY VANCOUVER 26 27 28 29 30 31 23 24 25 26 27 28 29 NOVEMBER 6, 2014 NOVEMBER 12, 2014 NOVEMBER 18, 2014 NOVEMBER 19, 2014 1:00 PM - 5:00 PM 8:00 AM - 12:00 PM 1:00 PM - 5:00 PM 1:00 PM - 5:00 PM 30

Simplifying Timely Disclosure TORONTO CALGARY VANCOUVER HALIFAX OCTOBER 1, 2014 OCTOBER 21, 2014 OCTOBER 22, 2014 NOVEMBER 6, 2014 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM 8:30 AM - 12:00 PM

Private Placements, Acquisitions & Prospectus Offerings TORONTO CALGARY VANCOUVER COURSE COLOURS LEGEND OCTOBER 1, 2014 OCTOBER 21, 2014 OCTOBER 22, 2014 1:00 PM - 5:00 PM 1:00 PM - 5:00 PM 1:00 PM - 5:00 PM

Exploring Environmental & Social Disclosure TORONTO CALGARY VANCOUVER NOVEMBER 12, 2014 NOVEMBER 18, 2014 NOVEMBER 19, 2014 1:00 PM - 5:00 PM 8:00 AM - 12:00 PM 8:00 AM - 12:00 PM

* Workshops in Montréal are conducted in French. Rules and Tools

Understanding your governance responsibilities is at the heart Topics include Cost of growing your company and protecting your reputation. This • Board of Directors - examining their roles $200 + tax half-day workshop will provide a detailed exploration of three key and responsibilities corporate governance requirements for public companies. You’ll • Audit committees that work get practical information from professionals that you can apply • Executive compensation - setting the right policies immediately. and guidelines

Timely Disclosure Fundamentals Cost $200 + tax Timely disclosure of material information is a key TSX Venture Topics include Exchange policy. Thinking about material facts, material changes • Material changes and material information can lead to material confusion. This • Confidentiality of information half-day workshop was designed by TSX Venture Exchange to • News releases help issuers understand their disclosure obligations and how • Dissemination to best meet them. This hands-on workshop gives participants • Market surveillance an opportunity to work through scenarios with TSX Venture Exchange professionals.

Mining Company Disclosure Fundamentals Cost $200 + tax Learn key points for achieving quality technical disclosure Topics include for your mining company. If you are involved in preparing or • Rules & regulations approving technical disclosure material for an exploration • News releases - disclosing complex technical company and feel you are not aware of all the basic information correctly requirements, then this course is for you. This half-day workshop • Reserves & resources - how to report and will cover the most common areas where mining venture issuers stay compliant need practical guidance. You will get valuable information that you can apply immediately from TSX Venture Exchange professionals experienced in mining.

Filing Fundamentals Cost $200 + tax Is this your first association with a TSX Venture Exchange listed Topics include company? This half-day introductory-level workshop features • Private placements TSX Venture Exchange’s Listed Issuer Services professionals. They • Acquisitions and sale of assets will provide you with details on how to execute Exchange-related • Stock options transactions simply and efficiently. This workshop is highly interactive and practical. Working with actual case studies, you will gain knowledge you can use immediately.

Managing a Public Company Cost $650 + tax This two-day workshop delivers a comprehensive overview of Topics include what you need to know about managing a public company. • Corporate governance We’ll help you define your responsibilities as a public company • Basic securities law and develop winning strategies to manage your company. All • Shareholder communications presenters have real-world experience in taking emerging growth • Insider obligations companies to the next level of success. You will get practical • Financial reporting information you can use right away. • Continuous disclosure requirements

All workshops are half day, with the exception of Managing a Public Company, which is a two day workshop. All program materials provided. Products, services and pricing are subject to change without notice. Private Placements, Acquisitions & Prospectus Offerings Cost $350 + tax Toronto Stock Exchange has rules that govern corporate finance transactions, including private placements, acquisitions and prospectus offerings. At this hands-on, half-day workshop, Toronto Stock Exchange staff will explore these requirements to provide you with a broad overview of the rules and help ensure your transactions are structured in compliance with the rules. This workshop is designed for professionals who are responsible for managing corporate finance transactions for TSX listed issuers, providing a broad overview of TSX rules for those who have limited familiarity with the rules.

Exploring Environmental & Social Disclosure Cost $350 + tax In October 2010, the Canadian Securities Administrators issued CSA Staff Notice 51-333 — Environmental Reporting Guidance. The Staff Notice states that it was motivated by three key developments: * Marketed in partnership with • the impact of environmental matters on issuers the Finance and Sustainability • the changing regulatory landscape Initiative • increasing investor interest in environmental matters

TSX staff, along with the local securities regulatory authorities, will explore this Staff Notice and help issuers understand what information about both environmental and social issues must be disclosed and how issuers can enhance that disclosure to address the interest of their security holders.

Simplifying Timely Disclosure Cost $350 + tax TSX and provincial securities administrators have adopted important timely disclosure requirements to foster market integrity. Thinking about material facts, material changes and material information can lead to material confusion. This introductory half-day workshop was designed by TSX with the Investment Industry Regulatory Organization of Canada (IIROC) to help clear up this confusion for individuals new, or in need of a refresher, to this subject area. The Simplifying Timely Disclosure workshop will help issuers understand their disclosure obligations and how to best meet them. You will be walked through real-life scenarios and provided practical advice.

Capital Markets & Equity Trading Essentials Cost $350 + tax The Exchange staff along with other market participants Topics include (brokers, clearing professionals and regulators) will explore many • Canadian market environment • Market makers aspects of equity markets including market structure, roles and • Anonymity and dark pools • Order book responsibilities of key participants, the equity trading process • High-frequency trading • Market on close and how trading has changed over the years.

Investor Relations Fundamentals Cost $200 + tax Do you want to increase your company’s visibility and profile Topics include with investors and the financial community? Are you ready to • Prerequisites to an IR program commit your efforts to these goals, but are simply uncertain • The difference between IR and promotion where to start? Hosted by TSX Venture Exchange professionals • Costly things you don’t need to do and investor relations experts, this workshop will give you the • Best practices for maintaining investor interest building blocks to create a successful and principled investor relations program. Learn what you must do, what you shouldn’t do and hear first-hand what the market really wants to know about your company.

All workshops are half day. All program materials provided. Products, services and pricing are subject to change without notice. ONLINE COURSES

Toronto Stock Exchange TSX Venture Exchange Filing Requirements Filing Fundamentals

In this course you will learn about Toronto Stock Exchange’s If you are relatively new to working with TSX Venture Exchange, reporting requirements and gain a better understanding of or want to better understand the nuances of various corporate the rules and the content of the reporting forms required financing transactions, this course offers guidance in meeting to be filed by TSX issuers. the responsibilities of a public company. You will become familiar with the TSX Venture Exchange Corporate Finance Manual and build your knowledge of Exchange policies.

This course will: Cost This course will provide you with: Cost • Explain requirements for each reporting $250 + tax • Confidence in ensuring that proposed $150 + tax form including “how” and “when” to file transactions are in line with Exchange • Take you through the step-by-step video policies demos of TSX SecureFile®, a web-based • Knowledge on private placements, acquisitions/ system for filing documents and reporting dispositions and stock option plans forms required by the Exchange • Quizzes and case studies to assess your • Point out common mistakes as well as knowledge areas of interest on the forms • Interactive tools such as a fee calculator • Provide you with a certificate upon • A certificate upon successful completion successful completion • Ability to provide feedback via a short survey • Give you a chance to send your feedback via a short survey Powered by

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Education Sessions for New Public Companies*

As a newly listed company, take advantage of a customized education session. These sessions provide an opportunity for your staff to speak openly with the Exchange about new responsibilities related to your listing. Topics can be general – such as compliance and disclosure reporting requirements – or we can address specific topics suggested by your company.

Seminars*

Seminars offer a closer look at the changing regulatory landscape, the role of proxy advisory firms and corporate reporting requirements.