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Edward H. Kernaghan

Senior Investment Advisor Kernaghan & Partners Ltd President Principia Research Inc. and Kernwood Ltd

Edward H. Kernaghan holds a Master of Science degree from the University of Toronto. He is Senior Investment Advisor of Kernaghan & Partners Ltd., a brokerage firm. Mr. Kernaghan is also President of Principia Research Inc., a research and investment company, and of Kernwood Ltd., an investment holding company.

Mr. Kernaghan is also a member of the Board of Directors of Waterloo Brewing Ltd., Exco Technologies Limited, Obsidian Energy Ltd. and Black Diamond Group Limited.