Digby Pines Resort in Notes to Bear River First Nation's 2025 Financials:

The First Nation has provided a guarantee and postponement of claim of up to 75% of the balance of a line of credit and loan held by a related company, Digby Pines Resorts Limited Partnership. As security the First Nation has provided a priority GSA and specific assignment of fisheries and gas bar revenues.

As at March 31, 2024, Digby Pines Resorts Limited Partnership had $8,432,130 (2024 - $8,526,007) of loans outstanding to which the guarantee applies. Several adverse conditions cast significant doubt on the ability of the Partnership's ability to continue as a going concern.

The Partnership will require, and management is actively seeking, additional financing through various means including but not limited to bank financing. The Partnership will continue to rely on external and partner financing until it becomes profitable. The Partnership's ability to continue as a going concern is dependent upon the successful results from its operations, securing additional revenue, increased investment from partners, and financing in the form of government assistance or other external sources. As the outcome of management's actions is dependent on future events, there is no certainty that management will be able to successfully resolve these issues. Should the Partnership be unable to continue as a going concern, it may be unable to realize the carrying value of its assets and to meet its liabilities as they become due.