ALTERNATIVES TO THE NORONT OFFER
Discussions are underway between Freewest and third parties with a view to exploring alternative value-maximizing
transactions. The Board of Directors believes there is a reasonable prospect that one of these initiatives may result in a
competing offer which is financially superior to the Noront Offer.
The Noront Offer is open for acceptance until 5:00 p.m. (Toronto time) on November 18, 2009, unless withdrawn or extended.
Accordingly, there is no necessity for Freewest Shareholders to take any steps in respect of the Noront Offer at this time.
BACKGROUND TO THE NORONT OFFER AND FREEWEST RESPONSE
The following is a chronology of the principal events
