**CANADA      - AB, BC, MB, ON, SK**

**SUBSCRIPTION      AGREEMENT FOR FLOW-THROUGH SHARES**

----

***INSTRUCTIONS***
*:      To      properly complete this Subscription Agreement:*

| *(1)* | ***All                subscribers must complete all boxes on this face page and page 2                to this                face page and sign this face page****.* |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| *(2)* | ***All                subscribers must complete and sign Exhibit 1****.* |
|-------|--------------------------------------------------------------------------|

| *(3)* | *If                the subscriber is****a                fully managed account****,                please complete the "Name of Subscriber" below in the following format:                "Account____ by [insert name of adviser, trust company or trust                corporation]".* |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| *(4)* | *All                completed documents should be returned to TD Securities Inc.,*77                King Street West, Toronto, Ontario M5K 1A5*Attention: Mary Ziotas; Telephone (416) 308-3770; Fax (416) 308-1335;                E-mail - mary.ziotas@tdsecurites.com,****no                later than June 30, 2006****.* |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***This      agreement is comprised of 12 pages (not including Exhibit      1).***

----

| **TO:**                    | **CanWest                Petroleum Corporation (the "Corporation")**                                                                                                                    |
|----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |                                                                                                                                                                                    |
| **AND                TO:** | **Oilsands                Quest Inc. ("OQI")**                                                                                                                                          |
|                       |                                                                                                                                                                                    |
| **AND                TO:** | **TD                Securities Inc., CIBC World Markets Inc., J. F. Mackie & Company Ltd.                and Peters & Co. Limited (collectively, the                "Agents")** |

**Subscriber**
*Income      Tax Act*
**Flow-Through      Shares**
**Aggregate      Flow-Through Subscription Price**
**Subscription      Agreement**

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                     (Name                  of Subscriber - please print) By:  (Authorized                  Signature)  (Official                  Capacity or Title - please print) (Please                  print name of individual whose signature appears above                  if different than the name of the subscriber printed above.) (Subscriber's                  Address)  (Telephone                  Number)                                             (Email Address) (Social                  Insurance Number, Federal Corporate Tax Account Number                  or Tax Shelter ID Number) |   |  **Number                  of Flow-Through Shares:**                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|  **Aggregate                  Flow-Through Subscription Price:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|  **If                  the Subscriber is signing as agent for a principal pursuant to                  paragraph                  6(f), complete the following and ensure that Exhibit 1 is completed                  in respect of each such principal:** (Name                  of Principal) (Principal's                  Address) (Principal's                  Social Insurance Number, Federal                  Corporate Tax Accnount                  Number or Tax Shelter ID                  Number)                                                                                                                                                                                                                                                                               |
|  **Register                  the Flow-Through Shares as set forth below:** (Name) (Account                  reference, if applicable) (Address)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |  **Deliver                  the Flow-Through Shares as set forth below:** (Name) (Account                  reference, if applicable) (Contact                  Name) (Address)  |

**(SUBSCRIBERS      MUST ALSO COMPLETE THE SECOND PAGE OF THIS FACE      PAGE)**

----

**CANADA          - AB, BC, MB, ON, SK**

| **Subscriber's                  Present Holdings:**The                  Subscriber represents that securities of the Corporation presently                  owned                  (beneficially, directly or indirectly) by the Subscriber are as                  follows                  ***(please                  indicate "nil" if you do not currently own any securities of the                  Corporation)***:  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Type                  of Securities Presently Owned                                                                                                                                                                                                                                                                                                                                                                               | Number                  or Amount |
|                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                              |   |

**ACCEPTANCE:**

|                                                                                                                              |   |                            |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|
| **CANWEST                PETROLEUM CORPORATION** By:                 __________________________________________________ |   | Subscription                No: |

**ACCEPTANCE:**

| **OILSANDS                QUEST INC.** By:                   __________________________________________________ |   |   |
|---------------------------------------------------------------------------------------------------------------------------|--------|--------|

----

**CANADA          - AB, BC, MB, ON, SK**

**TERMS      AND CONDITIONS OF SUBSCRIPTION FOR**

**FLOW-THROUGH      SHARES OF CANWEST PETROLEUM CORPORATION**

**Terms      of the Offering**

**Offering**

**Adjustment      Date**

**Representations,      Warranties and Covenants by Subscriber**

| (a) | it                acknowledges that the Corporation is not currently a reporting issuer                in                any jurisdiction and that the applicable "hold period" under applicable                securities laws will not commence to run until the Corporation becomes                a                reporting issuer in a jurisdiction of Canada and that it will only                be able                to resell the Flow-Through Shares in accordance with limited exemptions                under applicable securities legislation and regulatory policy and                it                agrees that any certificates representing the Flow-Through will bear                a                legend indicating that the resale of such securities is restricted                pursuant to applicable securities legislation;                and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**CANADA          - AB, BC, MB, ON, SK**

| (b) | it                has been independently advised as to restrictions with respect to                trading                in the Flow-Through Shares imposed by applicable securities laws,                confirms                that no representation (written or oral) has been made to it by or                on                behalf of the Corporation, OQI or the Agents with respect thereto,                acknowledges that it is aware of the characteristics of the Flow-Through                Shares and the risks relating to an investment therein;                and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | it                has not received or been provided with, nor has it requested, nor                does it                have any need to receive, any offering memorandum, any prospectus,                sales                or advertising literature, or any other document (other than an annual                report, annual information form, interim report, information circular                or                any other continuous disclosure document, other than an offering                memorandum, the content of which is prescribed by statute or regulation)                describing or purporting to describe the business and affairs of the                Corporation which has been prepared for delivery to, and review by,                prospective purchasers in order to assist it in making an investment                decision in respect of the Flow-Through                Shares;                and |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | it                has not become aware of any advertisement in printed media of general                and                regular paid circulation (or other printed public media), radio,                television or telecommunications or other form of advertisement (including                electronic display) with respect to the distribution of the Flow-Through                Shares; and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | unless                it is purchasing under paragraph 6(f) or (g), it is purchasing the                Flow-Through Shares as principal for its own account, not for the                benefit                of any other person, for investment only and not with a view to the                resale                or distribution of all or any of the Flow-Through Shares,                it is resident in or otherwise subject to applicable securities laws                of                the jurisdiction set out as the "Subscriber's Address" on the face                page                hereof and it is an "accredited investor", as such term is defined                in                National Instrument 45-106 - "Prospectus and Registration Exemptions"                ("**NI                45-106**")                promulgated under the securities legislation of all of the provinces                of                Canada (other than Quebec), it was not created or used solely to                purchase                or hold securities as an "accredited investor" as described in paragraph                (m) of the definition of "accredited investor" in NI 45-106 and has                **concurrently                executed and delivered a Representation Letter in the form attached                as                Exhibit 1 to this Subscription Agreement and has initialed in                Appendix "A" thereto indicating that the Subscriber satisfies (and                will satisfy at the Closing Time) one of the categories of "accredited                investor" set forth in such definition**;                and |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | if                it is purchasing the Flow-Through Shares and is acting as agent for                one or                more disclosed principals, each of such principals is purchasing                as                principal for its own account, not for the benefit of any other person,                for investment only, and not with a view to the resale or distribution                of                all or any of the Flow-Through                Shares,                and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | each                of such principals complies with paragraph 6(e) hereof and the                Subscriber acknowledges the Corporation is required by law to disclose                to                certain regulatory authorities the identity of each beneficial purchaser                of Flow-Through                Shares                for whom it may be acting, it is resident in the jurisdiction set                out as                the "Subscriber's Address" and each beneficial purchaser is resident                in                the jurisdiction set out as the "Principal's Address";                and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | if                it is not an individual, it pre-existed the offering of the Flow-Through                Shares and has a *bona                fide*                business purpose other than the investment in the Flow-Through Shares                and                was not created, formed or established solely or primarily to acquire                securities, or to permit purchases of securities without a prospectus,                in                reliance on an exemption from the prospectus requirements of applicable                securities legislation; and |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g) | if                it is a resident of or otherwise subject to applicable securities                laws of                **any                jurisdiction other than the Provinces of Alberta, British Columbia,                Manitoba, Ontario or Saskatchewan,**it                is resident in the jurisdiction set out as the "Subscriber's address",                it                is an "accredited investor" as such term is defined in NI 45-106                and                has**concurrently executed and delivered a Representation Letter in the                form                attached as Exhibit 1 to this Subscription Agreement and has initialed                in                Appendix "A" thereto indicating that the Subscriber satisfies (and                will                satisfy at the Closing Time) one of the categories of "accredited                investor" set forth in such definition**and,                it, or any beneficial purchaser for whom it is acting, complies with                the                requirements of all applicable securities legislation in the jurisdiction                of its residence and will provide such evidence of compliance with                all                such matters as the Corporation, OQI or the Agents may request;                and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**CANADA          - AB, BC, MB, ON, SK**

| (h) | it                is purchasing the Flow-Through Shares pursuant to paragraph 6(e),                (f) or                (g), and: |
|-----|------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the                Flow-Through Shares have not been offered to the Subscriber in the                United                States and the Subscriber and the individuals making the order to                purchase                the Flow-Through Shares and executing and delivering this Subscription                Agreement on behalf of the Subscriber were not in the United States                when                the order was placed and this Subscription Agreement was executed                and                delivered; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | it                is not a U.S. person (a "U.S. Person") (as defined in Regulation                S under                the United States Securities Act of 1933, as amended (the "U.S. Securities                Act"), which definition includes, but is not limited to, an individual                resident in the United States, an estate or trust of which any executor                or                administrator or trustee, respectively, is a U.S. Person and any                partnership or corporation organized or incorporated under the laws                of the                United States and any partnership or corporation if organized or                incorporated under the laws of any foreign jurisdiction and formed                by a                U.S. Person principally for the purpose of investing in securities                not                registered under the U.S. Securities Act, unless it is organized                or                incorporated and owned by "accredited investors" (as such term is                defined                in Rule 501(a) of Regulation D under the U.S. Securities Act) who                are not                natural persons, estates or trusts) and is not purchasing the Flow-Through                Shares on behalf of, or for the account or benefit of, a person in                the                United States or a U.S. Person; and |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i) | it                is aware that the Flow-Through Shares have not been and will not                be                registered under the U.S. Securities Act or the securities laws of                any                state and that these securities are not being offered or sold in                the                United States, it understands that the Flow-Through Shares are "restricted                securities" as defined in Rule 144 under the U.S. Securities Act                and                agrees that if it decides to offer, sell or otherwise transfer the                Flow-Through Shares, such shares may only be offered, sold or otherwise                transferred in accordance with the provisions of Regulation S under                the                U.S. Securities Act, pursuant to registration under the U.S. Securities                Act, or pursuant to an available exemption from registration under                the                U.S. Securities Act and applicable State securities laws and it agrees                not                to engage in hedging transactions with regard to the Flow-Through                Shares                unless in compliance with the U.S. Securities Act; and it acknowledges                that the certificates representing the Flow-Through Shares (and all                certificates issued in exchange therfor or in substitution thereof)                will                bear a legend to the effect that transfer is prohibited except in                accordance with the provisions of Regulation S, pursuant to registration                under the U.S. Securities Act, or pursuant to an available exemption                from                registration under the U.S. Securities Act and applicable State securities                laws, and that hedging transactions involving the securities may                not be                conducted unless in compliance with the U.S. Securities Act, until                such                time as such legend is no longer required under applicable requirements                of                the U.S. Securities Act or applicable state securities laws;                and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (j) | it                acknowledges that: |
|-----|--------------------------------------|

|   | (i) | no                securities commission or similar regulatory authority has reviewed                or                passed on the merits of the Flow-Through Shares;                and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | there                is no government or other insurance covering the Flow-Through Shares;                and |
|--------|------|---------------------------------------------------------------------------------------------------------------|

|   | (iii) | there                are risks associated with the purchase of the Flow-Through Shares;                and |
|--------|-------|------------------------------------------------------------------------------------------------------------|

|   | (iv) | there                are restrictions on the Subscriber's ability to resell the Flow-Through                Shares and it is the responsibility of the Subscriber to find out                what                those restrictions are and to comply with them before selling the                Flow-Through Shares; and |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | the                Corporation has advised the Subscriber that the Corporation is relying                on                an exemption from the requirements to provide the Subscriber with                a                prospectus and to sell securities through a person or company registered                to sell securities under the Securities Act (Alberta) and other applicable                securities laws and, as a consequence of acquiring securities pursuant                to                this exemption, certain protections, rights and remedies provided                by the                Securities Act (Alberta) and other applicable securities laws, including                statutory rights of rescission or damages, will not be available                to the                Subscriber; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**CANADA          - AB, BC, MB, ON, SK**

| (k) | if                a corporation, partnership, unincorporated association or other entity,                it                has the power, authority and legal capacity to enter into and be                bound by                this Subscription Agreement and take all action pursuant hereto and                further certifies that all necessary approvals of directors, shareholders                or otherwise have been given and obtained;                and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (l) | if                an individual, it is of the full age of majority and is legally competent                to execute and deliver this Subscription Agreement and take all action                pursuant hereto; and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (m) | the                entering into of this Subscription Agreement and the completion of                the                transactions contemplated hereby will not result in a violation of                any of                the terms or provisions of any law applicable to the Subscriber,                or if the                Subscriber is not a natural person, any of the Subscriber's constating                documents, or any agreement to which the Subscriber is a party or                by which                it is bound; and |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (n) | if                the Subscriber is a body corporate, it is duly incorporated and validly                subsisting under the laws of its jurisdiction of incorporation;                and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (o) | this                Subscription Agreement has been duly and validly authorized, executed                and                delivered by and constitutes a legal, valid, binding and enforceable                obligation of the Subscriber; and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (p) | in                the case of a subscription by it for Flow-Through Shares acting as                agent                for a disclosed principal, it is duly authorized to execute and deliver                this Subscription Agreement and all other necessary documentation                in                connection with such subscription on behalf of such principal and                this                Subscription Agreement has been duly authorized, executed and delivered                by                or on behalf of, and constitutes a legal, valid and binding agreement                of,                such principal; and |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (q) | it                has such knowledge in financial and business affairs as to be capable                of                evaluating the merits and risks of its investment and is able to                bear the                economic risk of loss of its investments or, where it is not purchasing                as                principal, each beneficial purchaser is able to bear the economic                risk of                loss of its investment; and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (r) | the                Subscriber confirms that neither the Corporation, OQI, the Agents                nor any                of their representative directors, employees, officers or affiliates,                have                made any representations (written or oral) to the Subscriber: (i)                regarding the future value of the Flow-Through Shares; (ii) that                any                person will resell or repurchase the Flow-Through Shares; or (iii)                that                any person will refund the purchase price of the Flow-Through Shares                other                than as provided in this Subscription Agreement;                and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (s) | except                for the representations and warranties made by the Corporation to                the                Agents in the Agency Agreement, it has relied solely upon publicly                available information relating to the Corporation and not upon any                verbal                or written representation as to fact or otherwise made by or on behalf                of                the Corporation, OQI or the Agents, such publicly available information                having been delivered to the Subscriber without independent investigation                or verification by the Agents, and agrees that the Agents and the                counsel                to the Agents assume no responsibility or liability of any nature                whatsoever for the accuracy, adequacy or completeness of the publicly                available information or as to whether all information concerning                the                Corporation required to be disclosed by the Corporation has been                generally                disclosed and acknowledges that the Corporation's counsel, OQI's                counsel                and the counsel to the Agents are acting as counsel to the Corporation,                OQI and the Agents respectively, and not as counsel to the Subscriber;                and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (t) | it                understands that the Flow-Through Shares are being offered for sale                only                on a "private placement" basis and that the sale and delivery of                the                Flow-Through Shares is conditional upon such sale being exempt from                the                requirements under applicable securities laws as to the filing of                a                prospectus or delivery of an offering memorandum or upon the issuance                of                such orders, consents or approvals as may be required to permit such                sale                without the requirement of filing a prospectus or delivering an offering                memorandum and, as a consequence (i) it is restricted from using                most of                the civil remedies available under securities legislation; (ii) it                may not                receive information that would otherwise be required to be provided                to it                under securities legislation; and (iii) the Corporation is relieved                from                certain obligations that would otherwise apply under securities                legislation; and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (u) | if                required by applicable securities legislation, regulations, rules,                policies or orders or by any securities commission, stock exchange                or                other regulatory authority, the Subscriber will execute, deliver,                file and                otherwise assist the Corporation in filing such reports, undertakings                and                other documents with respect to the issue of the Flow-Through Shares                (including, without limitation, a Representation Letter in the form                attached as Exhibit 1); and |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**CANADA          - AB, BC, MB, ON, SK**

| (v) | it                undertakes and agrees that it will not offer or sell the Flow-Through                Shares                in                the United States unless such securities are registered under the                U.S.                Securities Act and the securities laws of all applicable states of                the                United States or an exemption from such registration requirements                is                available; and |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (w) | it                will not resell the Flow-Through                Shares                except in accordance with the provisions of applicable securities                legislation and stock exchange rules;                and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (x) | the                acquisition of the Flow-Through Shares hereunder by the Subscriber                will                not result in the Subscriber becoming a "control person", as defined                under                applicable securities laws; and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (y) | the                Subscriber does not act jointly or in concert with any other person                or                company for the purposes of acquiring securities of the Corporation;                and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (z) | the                Subscriber acknowledges that the Corporation may complete additional                equity financings in the future which may have a dilutive effect                on the                Subscriber's shareholdings in the Corporation;                and |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (aa) | the                funds representing the Aggregate Flow-Through Subscription Price                which                will be advanced by the Subscriber hereunder will not represent proceeds                of crime for the purposes of the *Proceeds                of Crime (Money Laundering) and Terrorist Financing Act*                (Canada) and the Subscriber acknowledges that the Corporation or                the                Agents may in the future be required by law to disclose the Subscriber's                name and other information relating to this Subscription Agreement                and the                Subscriber's subscription hereunder, on a confidential basis, pursuant                to                the *Proceeds                of Crime (Money Laundering) and Terrorist Financing Act*                (Canada) and to the best of the Subscriber's knowledge (i) none of                the                subscription funds to be provided by the Subscriber (A) have been                or will                be derived from or related to any activity that is deemed criminal                under                the law of Canada, the United States of America, or any other                jurisdiction, or (B) are being tendered on behalf of a person or                entity                who has not been identified to the Subscriber, and (ii) it shall                promptly                notify the Corporation and the Agents if the Subscriber discovers                that any                of such representations ceases to be true, and to provide the Corporation                and the Agents with appropriate information in connection therewith;                and |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (bb) | it                acknowledges that this Subscription Agreement and the Exhibit hereto                require the Subscriber (or any beneficial purchaser for whom the                Subscriber is contracting) to provide certain personal information                to the                Corporation and the Agents. Such information is being collected by                the                Corporation, OQI and the Agents for the purposes of completing the                offering of Flow-Through Shares, which includes, without limitation,                determining the Subscriber's (or any beneficial purchaser for whom                the                Subscriber is contracting) eligibility to purchase the Flow-Through                Shares                under applicable securities legislation, preparing and registering                any                certificates representing Flow-Through Shares to be issued to the                Subscriber and completing filings required by any stock exchange                or                securities regulatory authority or by the Canada Revenue Agency (the                "**CRA**").                The Subscriber's (or any beneficial purchaser for whom the Subscriber                is                contracting) personal information may be disclosed by the Corporation,                OQI                or the Agents to: (a) stock exchanges or securities regulatory authorities                or the CRA, (b) the Corporation's registrar and transfer agent, and                (c)                any of the other parties involved in the offering, including legal                counsel                to the Corporation, OQI and the Agents. By executing this Subscription                Agreement, the Subscriber (or any beneficial purchaser for whom the                Subscriber is contracting) consents to the foregoing collection,                use and                disclosure of the Subscriber's (or any beneficial purchaser for whom                the                Subscriber is contracting) personal information. The Subscriber (or                any                beneficial purchaser for whom the Subscriber is contracting) also                consents                to the filing of copies or originals of any of the Subscriber's (or                any                beneficial purchaser for whom the Subscriber is contracting) documents                described in Section 11 below as may be required to be filed with                any                stock exchange or securities regulatory authority or the CRA in connection                with the transactions contemplated hereby. Without limiting the generality                of the foregoing, the Subscriber (or any beneficial purchaser for                whom the                Subscriber is contracting) (if resident in the Province of Ontario)                further acknowledges that: (a) the Corporation will deliver to the                Ontario                Securities Commission (the "**OSC**")                the Subscriber's (or any beneficial purchaser for whom the Subscriber                is                contracting) full name, residential address and telephone number,                the                number of Flow-Through Shares purchased by the Subscriber (or any                beneficial purchaser for whom the Subscriber is contracting) hereunder,                the total purchase price paid by the Subscriber (or any beneficial                purchaser for whom the Subscriber is contracting) hereunder, the                exemption                under applicable securities laws relied upon in respect of the                Subscriber's (or any beneficial purchaser for whom the Subscriber                is                contracting) purchase of Flow-Through Shares hereunder and the date                the                Flow-Through Shares subscribed for hereunder were distributed to                the                Subscriber (or any beneficial purchaser for whom the Subscriber is                contracting); (b) the information set forth in (a) immediately above                is                being collected indirectly by the OSC under the authority granted                to it                under securities legislation for the purposes of the administration                and                enforcement of the securities legislation of Ontario; and (c) the                title,                business address and telephone number of the public official in Ontario                who can answer questions about the OSC's indirect collection of the                information is as follows: Administrative Assistant to the Director                of                Corporate Finance, Suite 1903, Box 5520 Queen Street West, Toronto,                Ontario, M5H 3S8, Telephone (416) 593-8086. The Subscriber (or any                beneficial purchaser for whom the Subscriber is contracting) (if                resident                in the Province of Ontario) hereby authorizes the indirect collection                of                the information set forth in (a) immediately above by the OSC;                and |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**CANADA          - AB, BC, MB, ON, SK**

| (cc) | **the                Subscriber acknowledges that it has been encouraged to obtain independent                legal, income tax and investment advice with respect to its subscription                for the Flow-Through Shares and accordingly, has had the opportunity                to                acquire an understanding of the meanings of all terms contained herein                relevant to the Subscriber for purposes of giving representations,                warranties and covenants under this Subscription                Agreement**. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Matters      Relating to the Flow-Through Shares**

| (a) | "**Act**"                means the*Income Tax Act*                (Canada), together with any and all regulations promulgated thereunder,                as                amended from time to time; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | "**Canadian                Exploration Expense(s)**"                or "**CEE**"                means Canadian exploration expense described in paragraphs (a), (d)                or (f)                of the definition of "Canadian exploration expense" in                subsection 66.1(6) of the Act or that would be described in                paragraph (h) of such definition if the reference therein to                "paragraphs (a) to (d) and (f) to (g.1)" were a reference to                "paragraphs (a), (d) or (f)", excluding amounts which are prescribed                to constitute "Canadian exploration and development overhead expense"                under the Act, the amount of any assistance described in                paragraph 66(12.6)(a) of the Act and any expense described in                paragraph 66(12.6)(b.1) of the                Act; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | "**Commitment                Amount**"                means the Aggregate Flow-Through Subscription Price indicated on                the                face-page of this Subscription                Agreement; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | "**Expenditure                Period**"                means the period commencing on the date of acceptance by the Corporation                of this Subscription Agreement and ending on the earlier of the date                on                which the Commitment Amount has been fully expended in accordance                with the                terms hereof, and December 31,                2007; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | "**Principal                Business Corporation**"                means a principal-business corporation as defined in subsection 66(15)                of                the Act; and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | "**Qualifying                Expenditures**"                means expenses that are CEE on the date that they are incurred or                are                deemed to be incurred. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | the                Corporation has the full corporate right, power and authority to                enter                into this Subscription Agreement, to issue the Flow-Through Shares                and to                incur and renounce to the Subscriber, Qualifying Expenditures in                an amount                equal to the Commitment Amount; and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**CANADA          - AB, BC, MB, ON, SK**

| (b) | as                at the date hereof, the Corporation has no reason to believe that                it will                be unable to incur Qualifying Expenditures during the Expenditure                Period                in an amount equal to the Commitment Amount, that it will be unable                to                renounce to the Subscriber effective on or before December 31, 2006                Qualifying Expenditures in an amount equal to the Commitment Amount                or to                expect any reduction of such amount by virtue of subsection 66(12.73)                of                the Act; and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | the                incurring and renunciation of Qualifying Expenditures to the Subscriber                pursuant hereto, does not and will not constitute a breach of or                default                under the constating documents of the Corporation or any law, regulation,                order or ruling applicable to the Corporation or any agreement, contract                or indenture to which the Corporation is a party or by which it is                bound;                and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | the                Corporation is, and at all material times will be, a Principal Business                Corporation; and |
|-----|----------------------------------------------------------------------------------------------------------------------------|

| (e) | upon                issuance pursuant to the provisions hereof, the Flow-Through Shares                will                be "flow-through shares" as defined in subsection 66(15) of the Act                and will not constitute "prescribed shares" for the purpose of                Regulation 6202.1 of the Act assuming that there are no agreements,                arrangements, obligations or undertakings as contemplated by such                provisions in respect of the Flow-Through Shares to which, or in                respect                of which, the Corporation is not a party or in respect of which the                Corporation has no knowledge; and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | the                Corporation is related to OQI within the meaning of the Act, and                will be                related to OQI at all times during the Expenditure                Period. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | to                keep proper books, records and accounts of all Qualifying Expenditures                and                all transactions affecting the Commitment Amount and the Qualifying                Expenditures, and, upon reasonable notice, to provide reasonable                access to                such books, records and accounts for review by or on behalf of the                Subscriber at the Subscriber's sole expense; and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | to                incur (or be deemed to incur pursuant to subsection 66(12.61) of                the Act),                during the Expenditure Period, Qualifying Expenditures in such amount                as                enables the Corporation to renounce to the Subscriber, Qualifying                Expenditures in an amount equal to the Commitment Amount effective                on or                before December 31, 2006; and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | to                renounce to the Subscriber, effective on or before December 31, 2006,                Qualifying Expenditures incurred (or deemed to be incurred) during                the                Expenditure Period as required under the Act in an amount equal to                the                Commitment Amount; and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | to                deliver to the Subscriber within the time periods required by the                Act, and                in any event not later than March 31, 2007, a statement setting forth                the                aggregate amounts of such Qualifying Expenditures renounced to the                Subscriber; and |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | that                all Qualifying Expenditures renounced to the Subscriber pursuant                to this                Subscription Agreement will be Qualifying Expenditures incurred by                the                Corporation that, but for the renunciation to the Subscriber, the                Corporation would be entitled to deduct in computing its income for                the                purposes of Part I of the Act; and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | that                the Corporation will not reduce the amount renounced to the Subscriber                hereunder and, in the event the Minister reduces the amount renounced                to                the Subscriber hereunder pursuant to subsection 66(12.73) of the                Act                (except as a result of any amendment to the Act) or if the Corporation                fails to renounce Qualifying Expenditures to the Subscriber in an                amount                or amounts which in aggregate are equal to the Commitment Amount                and with                an effective date or dates of not later than December 31, 2006, the                Corporation and OQI shall jointly and severally indemnify the Subscriber                and pay in settlement thereof to the Subscriber an amount equal to                the                amount of any tax payable under the Act (and under any corresponding                provincial tax legislation) by the Subscriber as a consequence of                such                failure to renounce or such reduction, as the case may be, by the                later of                April 15, 2007 and the date on which the amount of tax so payable                by the                Subscriber is determined; and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**CANADA          - AB, BC, MB, ON, SK**

| (g) | that                the Corporation will maintain its status as a Principal Business                Corporation throughout the Expenditure Period;                and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (h) | to                file all prescribed forms required under the Act or any corresponding                provincial tax legislation with respect to the issuance of the shares                as                "flow-through shares" as defined in subsection 66(15) of the Act                or that                are necessary to renounce Qualifying Expenditures equal to the Commitment                Amount to the Subscriber effective on or before December 31, 2006 and                to provide the Subscriber with a copy of all such forms as are required                to                be provided thereto, all on a timely basis; and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i) | that                the Corporation will not be subject to the provisions of subsection                66(12.67) of the Act in a manner which impairs its ability to renounce                Qualifying Expenditures to the Subscriber in an amount equal to the                Commitment Amount; and |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (j) | that                the Corporation has not and will not enter into transactions, take                deductions or make any tax elections or designations which would                otherwise                reduce its cumulative Qualifying Expenditures to an extent which                would                preclude a renunciation of Qualifying Expenditures hereunder in an                amount                equal to the Commitment Amount effective on or before December 31,                2006; and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (k) | that                in the event that the Corporation cannot renounce to Subscribers                Qualifying Expenditures equal to 100% of the Commitment Amount, the                Corporation shall renounce such lesser amount as is permitted and,                to the                extent the Corporation has incurred expenses which are capable of                renunciation, but which are not Qualifying Expenditures, the Corporation                shall, if agreed to by the Subscriber, renounce such expenses to                the                Subscriber, without any prejudice to any other rights the Subscriber                may                have under this Subscription                Agreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | neither                the Subscriber, nor the beneficial purchaser, as the case may be,                has or                will knowingly enter into any agreement or arrangement which will                cause                the Flow-Through Shares to be or become "prescribed shares" for purposes                of the Act; and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | it                (and each beneficial purchaser for whom it is acting) deals at arm's                length with the Corporation within the meaning of the Act and will                continue to deal at arm's length with the Corporation to and including                January 1, 2008. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Closing**

**Exhibit 1**

**Closing      Time**
**Closing      Date**

----

**CANADA          - AB, BC, MB, ON, SK**

**General**

**Agency      Agreement**

**Le      soussigné reconna t par les présentes avoir consenti et exigé que tous les      documents faisant foi ou se repportant de quelque manière à la vente de ces      actions soient rédigés en anglais seulement.**

----

**CANADA          - AB, BC, MB, ON, SK**

----

**CANADA          - AB, BC, MB, ON, SK**

**EXHIBIT      1**

**REPRESENTATION      LETTER**

| **TO:**                    | **CanWest                Petroleum Corporation (the "Corporation")**                                                                                                                    |
|----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |                                                                                                                                                                                    |
| **AND                TO:** | **Oilsands                Quest Inc. ("OQI")**                                                                                                                                          |
|                       |                                                                                                                                                                                    |
| **AND                TO:** | **TD                Securities Inc., CIBC World Markets Inc., J. F. Mackie & Company Ltd.                and Peters & Co. Limited (collectively, the                "Agents")** |

**Flow-Through      Shares**
**Subscriber**

*Trust      and Loan Companies Act*

*****
*      If      the Subscriber is *
***a      fully managed account***
*,      please complete in the following format: "Account____ by [insert name of      adviser, trust company or trust corporation]"*

****      PLEASE INITIAL THE APPLICABLE PROVISION IN APPENDIX "A" ON THE FOLLOWING PAGES      ****

----

**CANADA          - AB, BC, MB, ON, SK**

**APPENDIX      "A"**

**TO      EXHIBIT 1**

**NOTE:      THE INVESTOR MUST INITIAL BESIDE THE APPLICABLE PORTION OF THE DEFINITION      BELOW.**

**Accredited      Investor**

| _________ | (a)                  a                Canadian financial institution, or a Schedule III bank;                or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| _________ | (b)                  the                Business Development Bank of Canada incorporated under the *Business                Development Bank of Canada Act*                (Canada); or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| _________ | (c)                  a                subsidiary of any person referred to in paragraphs (a) or (b), if                the                person owns all of the voting securities of the subsidiary, except                the                voting securities required by law to be owned by directors of that                subsidiary; or                                                                                                                                                                                                                                                                                                                                                                                                      |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| _________ | (d)                  a                person registered under the securities legislation of a jurisdiction                of                Canada as an adviser or dealer, other than a person registered solely                as a                limited market dealer under one or both of the *Securities                Act*                (Ontario) or the *Securities                Act*                (Newfoundland and Labrador); or                                                                                                                                                                                                                                                                                                   |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| _________ | (e)                  an                individual registered or formerly registered under the securities                legislation of a jurisdiction of Canada as a representative of a                person                referred to in paragraph (d); or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| _________ | (f)                  the                Government of Canada or a jurisdiction of Canada, or any crown                corporation, agency or wholly owned entity of the Government of Canada                or                a jurisdiction of Canada; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| _________ | (g)                  a                municipality, public board or commission in Canada and a metropolitan                community, school board, the Comite de gestion de la taxe scolaire                de                l'ile de Montreal or an intermuncipal management board in Quebec;                or                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| _________ | (h)                  any                national, federal, state, provincial, territorial or municipal government                of or in any foreign jurisdiction, or any agency of that government;                or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| _________ | (i)   a                pension fund that is regulated by either the Office of the Superintendent                of Financial Institutions (Canada) or a pension commission or similar                regulatory authority of a jurisdiction of Canada; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| _________ | (j)                  an                individual who, either alone or with a spouse, beneficially owns,                directly                or indirectly, financial assets having an aggregate realizable value                that                before taxes, but net of any related liabilities, exceeds $1,000,000;                or ***Note:                if individual accredited investors wish to purchase through wholly-owned                holding companies or similar entities, such purchasing entities must                qualify under (t) below, which must be initialed.*                                                                                                                                     |
| _________ | (k)                  an                individual whose net income before taxes exceeded $200,000 in each                of the                2 most recent calendar years or whose net income before taxes combined                with that of a spouse exceeded $300,000 in each of the 2 most recent                calendar years and who, in either case, reasonably expects to exceed                that                net income level in the current calendar year; or ***Note:                if individual accredited investors wish to purchase through wholly-owned                holding companies or similar entities, such purchasing entities must                qualify under (t) below, which must be initialed.*  |
| _________ | (l)                  an                individual who, either alone or with a spouse, has net assets of                at least                $5,000,000; or ***Note:                if individual accredited investors wish to purchase through wholly-owned                holding companies or similar entities, such purchasing entities must                qualify under (t) below, which must be                initialed.*                                                                                                                                                                                                                                                                                                             |

----

| _________ | (m)  a                person, other than an individual or investment fund, that has net                assets                of at least $5,000,000 as shown on its most recently prepared financial                statements; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| _________ | (n)                  an                investment fund that distributes or has distributed its securities                only                to: (i)                a person that is or was an accredited investor at the time of the                distribution, (ii)                a person that acquires or acquired securities in the circumstances                referred to in sections 2.10 [*Minimum                amount investment*],                and 2.19 [*Additional                investment in investment funds*],                or (iii)                a person described in paragraph (i) or (ii) that acquires or acquired                securities under section 2.18 [*Investment                fund reinvestment*];                or |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| _________ | (o)                  an                investment fund that distributes or has distributed securities under                a                prospectus in a jurisdiction of Canada for which the regulator or,                in                Quebec, the securities regulatory authority, has issued a receipt;                or                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| _________ | (p)                  a                trust company or trust corporation registered or authorized to carry                on                business under the *Trust                and Loan Companies Act*                (Canada) or under comparable legislation in a jurisdiction of Canada                or a                foreign jurisdiction, acting on behalf of a fully managed account                managed                by the trust company or trust corporation, as the case may be;                or                                                                                                                                                                                                                                                          |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| _________ | (q)                  a                person acting on behalf of a fully managed account managed by that                person,                if that person: (i)                is registered or authorized to carry on business as an adviser or                the                equivalent under the securities legislation of a jurisdiction of                Canada or                a foreign jurisdiction, and (ii)                in Ontario, is purchasing a security that is not a security of an                investment fund; or                                                                                                                                                                                                                         |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| _________ | (r)                  a                registered charity under the *Income                Tax Act*                (Canada) that, in regard to the trade, has obtained advice from an                eligibility adviser or an adviser registered under the securities                legislation of the jurisdiction of the registered charity to give                advice                on the securities being traded; or                                                                                                                                                                                                                                                                                                                                                        |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| _________ | (s)                  an                entity organized in a foreign jurisdiction that is analogous to any                of the                entities referred to in paragraphs (a) to (d) or paragraph (i) in                form and                function; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| _________ | (t)                  a                person in respect of which all of the owners of interests, direct,                indirect or beneficial, except the voting securities required by                law to be                owned by directors, are persons that are accredited                investors;                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| _________ | (u)                  an                investment fund that is advised by a person registered as an adviser                or a                person that is exempt from registration as an adviser;                or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| _________ | (v)                  a                person that is recognized or designated by the securities regulatory                authority or, except in Ontario and Quebec, the regulator as: (i)                an accredited investor, or (ii)                an exempt purchaser in Alberta or British Columbia after National                Instrument 45-106 came into force.                                                                                                                                                                                                                                                                                                                                                                                          |

----

**CANADA            - AB, BC, MB, ON, SK**

**For      the purposes hereof:**

**affiliate**

|   | (a) | one                of them is the subsidiary of the other,                or |
|--------|-----|------------------------------------------------------------------------------|

|   | (b) | each                of them is controlled by the same                person; |
|--------|-----|------------------------------------------------------------------------------|

**bank**
*Bank      Act*

**beneficial      ownership**

**Canadian      financial institution**

|   | (a) | an                association governed by the *Cooperative                Credit Associations Act*                (Canada) or a central cooperative credit society for which an order                has                been made under section 473(1) of that Act,                or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | a                bank, loan corporation, trust company, trust corporation, insurance                company, treasury branch, credit union, caisse populaire, financial                services cooperative, or league that, in each case, is authorized                by an                enactment of Canada or a jurisdiction of Canada to carry on business                in                Canada or a jurisdiction in Canada; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**control**

|   | (a) | the                first person, directly or indirectly, beneficially owns or exercises                control or direction over securities of the second person carrying                votes                which, if exercised, would entitle the first person to elect a majority                of                the directors of the second person, unless that first person holds                the                voting securities only to secure an                obligation, |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the                second person is a partnership, other than a limited partnership,                and                first person holds more than 50% of the interests of the partnership,                or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | the                second person is a limited partnership and the general partner of                the                limited partnership is the first                person; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**director**

|   | (a) | a                member of the board of directors of a company or an individual who                performs similar functions for a company,                and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | with                respect to a person that is not a company, an individual who performs                functions similar to those of a director of a                company; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**financial      assets**

|   | (a) | cash, |
|--------|-----|-------|

|   | (b) | securities,                or |
|--------|-----|-------------------------------|

|   | (c) | a                contract of insurance, a deposit or an evidence of a deposit that                is not a                security for the purposes of securities                legislation; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**foreign      jurisdiction**

**fully      managed account**

**investment      fund**
*Employee      Investment Act*
*Small      Business Venture Capital Act*

----

**CANADA          - AB, BC, MB, ON, SK**

**jurisdiction**

**individual**

|   | (a) | a                partnership, unincorporated association, unincorporated syndicate,                unincorporated organization or a trust,                or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | a                natural person in the person's capacity as trustee, executor,                administrator or other legal                representative; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

**mutual      fund**

|   | (a) | an                issuer described in an order that the British Columbia Securities                Commission may make pursuant to section 3.2 of the *Securities                Act*(British                Columbia); and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | an                issuer that is in a class of prescribed issuers, |
|--------|-----|--------------------------------------------------------------------|

*Securities      Act *

**non-redeemable      investment fund**

|   | (a) | whose                primary purpose is to invest money provided by its                securityholders, |
|--------|-----|---------------------------------------------------------------------------------------------------------|

|   | (b) | that                does not invest, |
|--------|-----|--------------------------------------|

|   | (A) | for                the purpose of exercising or seeking to exercise control of an issuer,                other than an issuer that is a mutual fund or a nonredeemable investment                fund, or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (B) | for                the purpose of being actively involved in the management of any issuer                in                which it invests, other than an issuer that is a mutual fund or a                non-redeemable investment fund, and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | that                is not a mutual fund; |
|--------|-----|-------------------------------------------|

**person**

|   | (a) | an                individual, |
|--------|-----|-------------------------------|

|   | (b) | a                corporation, |
|--------|-----|-------------------------------|

|   | (c) | a                partnership, trust, fund and an association, syndicate, organization                or                other organized group of persons, whether incorporated or not,                and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | an                individual or other person in that person’s capacity as a trustee,                executor, administrator or personal or other legal                representative; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**regulator**

**related      entity**

----

**CANADA          - AB, BC, MB, ON, SK**

**related      liabilities**

|   | (a) | liabilities                incurred or assumed for the purpose of financing the acquisition                or                ownership of financial assets; or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | liabilities                that are secured by financial                assets; |
|--------|-----|---------------------------------------------------------------------------------|

**Schedule      III bank**
*      Bank      Act*

**securities      legislation**

**securities      regulatory authority**

**spouse**

|   | (a) | is                married to another individual and is not living separate and apart                within                the meaning of the *Divorce                Act*(Canada),                from the other individual, |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | is                living with another individual in a marriage-like relationship, including                a marriage-like relationship between individuals of the same gender,                or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | in                Alberta, is an individual referred to in paragraph (a) or (b), or                is an                adult interdependent partner within the meaning of the *Adult                Interdependent Relationships Act*(Alberta); |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**subsidiary**

**voting      security**

|   | (a) | is                not a debt security; and |
|--------|-----|--------------------------------------------|

|   | (b) | carries                a voting right either under all circumstances or under some contingency                that has occurred and is                continuing. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----