Investor Presentaiton

• B.C's Conflict Politics Signal We Are Closed for Business B.C needs to send a strong signal that we are open for business The wild vs. ocean farmed public conflict has signalled we are closed to investment Social licence is preventing net-pen expansion and actually forcing contraction in certain geographies (Washington state, Discovery Islands) Federal Discovery Island decision has - Downloaded job losses to the province – a non-just transition for the workforce Dissuades further investment by the majors (Mowi, Cermaq, Grieg) which will ripple into adjunct industries such a feed mills and fish processing house which will refrain from on going capital improvement investments and R&D Creates a perception that "signals the beginning of the end" with no material transition plan Significant impact to coastal economies that could avalanche will have an impact on the individual FN's whom have working agreements with Fish Farm Companies Trudeau's documented private commentary1 that land-base salmon farming is not viable slams the door on investment and encourages the majors to age out their farms and leave the province 1 Land-Based Salmon Aquaculture: Aquacultures New Disrupter -Intrafish Business Intelligence report October 2020 NHST Checkout (onfastspring.com) 8

View entire presentation