Front Street Flow Through 2004 L.P.

The Partnership's investment objective is primarily to achieve capital appreciation through investment in a diversified portfolio of equity securities of Resource Issuers engaged in oil and gas or mining exploration, development or production of energy production that will incur Canadian Exploration Expenses ("CEE"), including Canadian Renewable and Conservation Expenses ("CRCE").

The Investment Advisor and the General Partner will assist the Partnership in selecting investments in flow-through shares and other securities of Resource Issuers, in accordance with the investment strategies and guidelines outlined herein, with the objective of achieving capital appreciation for Limited Partners.