Hearings and Proceedings

T H E' ,...,Af'l l aDA SFC URlfl ES C OMM I SS IO N IN THE MATTER OF: THE SECURITIES ACT -and- IN THE MATTER OF: PAUL LESTER STILES NOTICE OF HEARING TAKE NOTICE that The Manitoba Securities Commission ("Commission") will hold a public hearing ("Hearing") at its offices at Room 500 ­ 400 St. Mary Avenue, Winnipeg, Manitoba on Wednesday, the 20 th day of March, 2013 commencing at 9:00 o'clock in the forenoon or so soon thereafter as the Hearing can be held, and from day to day thereafter until the Hearing is concluded, to consider pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended ("Act"): 1. whether or not it is in the public interest to order, pursuant to section 148 of the Act, that Paul Lester Stiles ("STILES") be cease traded; 2. whether or not it is in the public interest to order, pursuant to section 148.3 of the Act, that STILES resign any position he holds as, and be prohibited from becoming or acting as, a director or officer of any issuer; 3. such further and other matters and the making of such further and other orders as the Commission may deem appropriate. BY REASON OF THE FOLLOWING ALLEGATIONS: By reason of a Decision of the British Columbia Securities Commission dated October 3, 2012, to be filed, and such other material as staff counsel may advise and the panel may allow. AND FURTHER TAKE NOTICE that a person or company attending or submitting evidence at the Hearing may be represented by counsel of its choice. SOO··40iJ Sl . M~ry Avenue. WinnIV")i, M(lflllolJil R3C 4KS lei: (ZH4) 9'-15.25411 fax: (2(}4) 945 .cn:w "i'\vw.msc .~()v.n~b.QJ

2 AND FURTH TAKE NOTICE that party to the proceedings may, at Hearing, call witnesses and submit such evidence to the Hearing as it may wish and, for that purpose, it may obtain from the Director of the Commission at 500 - 400 Mary Winnipeg, Manitoba, a form or forms of summons compel the attendance AND FURTHER NOTICE that upon of any party to attend at the time and place aforesaid, the Hearing may proceed in that party's and Commission may make or give any decision or order as though that party were present DATED Winnipeg, Manitoba this 1ih day of January, 2013. TO: PAUL LESTER STILES