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Driftwood Resources Ltd. and Green Point Resources Ltd.

Driftwood Resources Ltd. and Green Point Resources Ltd.

On June 25, 2009, Meyers Norris Penny Limited was appointed Receiver and Manager of Driftwood Resources Ltd ("Driftwood") and Green Point Resources Ltd ("Green Point") by the Court of Queen's Bench of Alberta.

Driftwood and Green Point were in the business of Oil and Gas exploration and development with properties in Alberta and Saskatchewan.

Sale of Assets:

The Receiver and Manager has retained CB Securities Inc. as its advisor with respect to the divestiture of Driftwood's and Green Point's oil and natural gas properties. Further information with respect to the sales process is set out below or can be obtained at CB Securities Inc.'s website (www.cbsecurities.com).

Driftwood Map

In Receivership Property Divestiture Offering

Sale Approval and Vesting Order - April 7, 2010

Sale Approval and Vesting Order - January 27, 2010

Court Documents

Notice of Motion - April 7, 2010

Notice of Motion - January 27, 2010

Sealing Order - January 27, 2010

Notice of Motion - June 25, 2009

Affidavit of Murray D'Angelo - June 25, 2009

Receivership Order - June 25, 2009

Application to the Court February 2, 2012

Notices

Notice and Statement of Receiver - Driftwood Resources Ltd.

Notice and Statement of Receiver - Green Point Resources Ltd.

Reports

Second Interim Report of Receiver - Driftwood Resources Ltd. - June 28, 2010

Second Interim Report of Receiver - Green Point Resources Ltd. - June 28, 2010

Receiver's Second Report to the Court - March 30, 2010

Receiver's First Report to Courts - January 18, 2010

Receivers Interim Report - December 17, 2009

First Interim Report of Receiver - Driftwood Resources Ltd. - December 17, 2009

First Interim Report of Receiver - Green Point Resources Ltd. - December 17, 2009

Third Interim Report of Receiver - Driftwood Resources Ltd. - December 21, 2010

Third Interim Report of Receiver - Green Point Resources Ltd. - December 21, 2010

Fourth Interim Report of Receiver - Driftwood Resources Ltd. - June 24, 2011

Fourth Interim Report of Receiver - Green Point Resources Ltd. - June 24, 2011

Fifth Interim Report of Receiver - Driftwood Resources Ltd. - December 19, 2011

Fifth Interim Report of Receiver - Green Point Resources Ltd. - December 19, 2011

Final Report to the Court - January 19, 2012

Contact Information

If you require further information, please contact Katherine Bujold at 403.537.7622.