Receivership Proceedings

On September 7, 2017, the Court of Queen’s Bench of Alberta issued an Order appointing Hardie & Kelly Inc. as a Receiver (the “Receiver”) limited only to the interest of Grand Valley Resources Corp.’s (the “Company”) right, title and interest in the purchase and sale agreement entered into on March 17, 2017 between the Company and Pengrowth Energy Corporation (the “PSA”) including the funds held in escrow associated with the PSA (the “Property”).

Court Orders

• Consent Receivership Order – September 7, 2017
• Order Amending Receivership Order and Establishing Timeline – September 22, 2017
• Order re: Advise and Direction – February 28, 2018

Court Filings

• Affidavit of (Gabriel) Wang Kaiyang – September 7, 2017
• Notice of Application – filed February 21, 2018
• Notice of Application – filed March 12, 2018
• Affidavit of Alyssa Okabe – March 12, 2018

Receiver’s Reports

• First Report of Receiver – February 21, 2018
• Supplement to the First Report of Receiver – February 23, 2018
• Second Report of Receiver – March 12, 2018