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NEWSLETTER Spring 2019

Commencement of Environmental Assessment Consultation and Engagement Process Pre Front End Engineering and Design Completion Completion of Environmental Assessment Permits and Approvals Consultation and Engagement (continued) Onshore and Offshore Investigations Permits and Approvals (continued) Consultation and Engagement (continued) Received Environmental Assessment Approval Front End Engineering and Design (FEED) (continued) Permits and Approvals (continued) Front End Engineering & Development (FEED) completed Permits and Approvals (continued) Consultation and Engagement (continued) Permits and Approvals Consultation and Engagement Soft Final Investment Decision Mid-2019

Start of Construction

Testing, Start-up and First Gas Delivered to Europe Q4 2023

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2019

PROJECT TIMELINE

Chief Sidney Peters (left), Chief Terry Paul (centre), Pieridae Board Chair Myron Tétreault (right)

PIERIDAE COMPLETES IKKUMA ACQUISITION

In late December 2018, Pieridae and Ikkuma Resources became one company. This provides Pieridae with ownership of an extensive area of gas-producing wells and reserves in the Foothills of Central Alberta. Developing all of Ikkuma’ s assets should provide Goldboro’s with 60 per cent of the gas it needs for the first LNG liquefaction facility (or ‘Train’). Pieridae continues to look to buy further assets to supply all the gas needed at Goldboro. And to get that gas to the East Coast, Pieridae is negotiating space on existing TransCanada and Enbridge pipelines to bring the gas right to the doorstep of the Goldboro site.

PIERIDAE NEGOTIATES A BENEFITS AGREEMENT WITH THE MI’KMAQ

On February 4th, 2019, Pieridae Energy ratified a benefits agreement with the Assembly of Nova Scotia Mi’kmaq Chiefs. The agreement sets the framework for how the Mi’kmaq will benefit economically from the development, construction and operation of the Goldboro LNG facility.

Mi’kmaq Chief Terrance Paul said, “This agreement with Pieridae is an example of how companies can respect our Mi’kmaq rights and title, and also provide an opportunity for Mi’kmaq participation in development on our lands”.

BUILDING RELATIONSHIPS

1718 Argyle Street, Suite 730 Halifax, NC B3J 3N6

T: 902.492.4044 F: 902.492.5211 info@pieridaeenergy.com

For project information, carrer updates and vendor registration, visit : www.GoldboroLNG.com

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A STAKE IN THE GROUND

ANNOUNCING OUR PRESENCE!

Signs are now up for the future home of Pieridae’s Goldboro LNG facility.

It’s more tangible evidence the project continues to move forward.

In late October 2018, the Nova Scotia Utility and Review Board issued the permit to Pieridae that will allow it to build Goldboro.

The company will work to satisfy all of the conditions of the permit and continue progress toward a soft and ultimately a final investment decision to construct the LNG facility.

Pieridae will also continue to engage with the communities surrounding the site and First Nations.

GOLDBORO PROGRESS

SITE UPDATES

LNG FACILITY SITE CLEARED

More progress at the site for the Goldboro LNG liquefaction and export facility. Trees have been cleared but ‘grubbing’, removing the roots, stumps and soil, will happen later.

Last March and April, Pieridae worked with local company R MacLean Forestry to clear just under 200 hectares of trees and bush.

The LNG site will sit on 115 hectares, with 85 hectares reserved for the temporary camp site and equipment.

About a dozen locals were hired to do the work, including two Mi’kmaq employees helping out.

PIERIDAE RECEIVES PERMIT TO CONSTRUCT GOLDBORO LNG FACILITY

UNIQUE LNG CAPTAIN TRAINING

PIERIDAE USES UK SIMULATORS TO TRAIN LNG CARRIER CAPTAINS

Pieridae, Transport Canada and two captains from the Atlantic Pilotage Association travelled to the United Kingdom to take part in marine simulations to imitate docking and casting off large LNG carriers at the proposed Goldboro facility.

Using actual Goldboro designs, the simulator recreated a 360 degree view of the site, complete with large waves, seagulls and bells in the background.

The simulations were intended to start building safety training, engage local captains and also look ahead to creating jobs down the road.

There will also be opportunities for local tug boat operators as up to four tugs will be needed on site to help the large LNG carriers dock and cast off.