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FOR THE BENEFIT OF THE INUIT OF NUNAVUT PRESENT AND FUTURE

Nunavut Trust (the "Trust") is domiciled in Canada and was created on April 23, 1990 by deed of trust. The address of the Trust's registered office is 50 O'Connor Street, Suite 1415, Ottawa, Ontario, Canada, K1P 6L2. The Trust, on behalf of its beneficiaries, received the capital transfers paid to the Inuit of the Nunavut Settlement Area pursuant to the Agreement Between the Inuit of the Nunavut Settlement Area and Her Majesty the Queen in right of Canada between 1993 and 2007. The Trust's mandate is to invest the capital transfers to protect them from the effects of inflation and to provide income to its beneficiaries.

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