Atrum Coal : AGM Presentation

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via a new coal policy

▪ Elan South and Isolation South Site Care & Maintenance

▪ Primary objective is to preserve the value of the Elan HCC Project and ensure compliance with regulations

▪ Ensure mitigation of erosional events

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▪ Additional grouting required at Elan South to stop flowing wells in goat and sheep zone

▪ Environmental Baseline Data Collection

▪ Continuation of humidity cell testing

▪ Collection of data from various loggers (completed as required by staff)

▪ All other activity on hold

▪ PFS Activities Substantially Completed

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▪ PFS was well underway by the time policy changes were announced; subsequently completed

Elan Project

Coal Policy and Land Use - Working to achieve a fair coal policy amenable to responsible development

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Coal Policy Committee

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▪ In early March 2022, Energy Minister Savage released the CPC reports; one summarizing the feedback received

from Albertans and one summarizing the CPC's recommendations to government

▪ Continues the suspension of coal exploration and development until "sufficient land use clarity has been provided

through a planning activity."

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Land Use Plan

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▪ The South Saskatchewan Regional Plan (SSRP), is a comprehensive, 50-year plan that was issued in 2014 and

clearly identifies coal mining as an activity permissible under the plan. The SSRP is reviewed every 10 years, with

the first such review to commence in 2023 (post-election expected in May 2023)

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▪ Met with Executive Director of Land Use Secretariat on May 12, 2022 to seek clarity on process and timeline for

completion of the review(s) affecting the suspension of coal exploration and development:

▪ Eastern Slopes Policy (1984) to be updated in 2022 to ensure consistency with other policy documents