The referendum results show that the New Gold shares currently held by UFN will need to be distributed to UFN members either as cash or as shares. To facilitate this process, the follow steps are recommended.

Step 1. UFN will need to contact each community member and draw up three lists. List 1 would be those people who are 19 years or older and wish to have the cash value of their shares as soon as possible. List 2 would be those who are 19 years or older and wish to keep their portion of the shares for future sale. List 3 would be those members who are less than 19 years of age and considered minors. All lists would be in force from the date of the referendum. Step 1 can only be completed

internally by UFN as each member will need to be contacted.

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