|   | 2.2.1 | Each      member of the Committee shall be an “unrelated” director within the      meaning of applicable Toronto Stock Exchange (“TSX”)      guidelines. |
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|   | 2.2.2 | Each      member of the Committee shall be financially literate, meaning each      member, at the time of their appointment, must be able to read and      understand financial statements that present a breadth and level of      complexity of accounting issues that are generally comparable to the      breadth and complexity of the Company that can reasonably be expected to      be raised by the Company’s financialstatements. |
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| 2.3   | Service      on Multiple Committees |
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|   | 4.1.1 | The      Committee shall be directly responsible for the appointment (subject to      shareholder approval),      retention or replacement of the independent  auditor. |
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|   | 4.1.2 | The      Committee shall be directly responsible for the compensation and oversight      of the work of the independent auditor, (including resolution of      disagreements between Management and the auditor regarding financial      reporting), employed by the Company to audit its financial      statements. |
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|   | 4.1.3 | The      independent auditor shall report directly to the  Committee. |
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|   | 4.1.4 | The      Committee shall review and evaluate the experience, qualifications,      performance and independence      of the independent auditor. |
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|   | 4.1.5 | The      Committee shall have the sole authority to  pre-approve: |
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|   |   | (a)                 all auditing services, including all audit engagement fees and terms;      and |
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|   |   | (b)    all      non-audit services, including certain tax services to be performed by the      Company’s      independent auditor. |
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|   | 4.1.6 | The      Committee shall review with the lead audit partner whether any of the      audit partners receive any discretionary compensation from the audit firm      with respect to non-audit services performed by the independent      auditor. |
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|   | 4.1.7 | The      Committee shall obtain and review with the lead audit partner and a more      senior representative of the independent auditor, annually or more      frequently as the Committee considers appropriate, a report by the      independent auditor describing: |
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|   |  (a) | the      independent auditor’s internal quality-control  procedures; |
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|   |  (b) | any      material issues raised by the most recent internal quality-control review,      or peer review, of the independent auditor, or by any inquiry, review or      investigation by governmental, regulatory or professional authorities,      within the preceding five years, respecting one or more independent audits      carried out by the independent auditor, and any steps taken to deal with      these issues; and |
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|   | (c) | all      relationships between the independent auditor and the Company in order to      assess the independent auditor’sindependence. |
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|   | 4.1.8 | The      Committee shall ensure a five-year rotation period and a five-year      “time-out” periodof the lead audit partner having primary responsibility      for the audit and the audit partner responsible for reviewing the audit as      required by law and a seven-year mandatory rotation period with a two year      “time-out” period for certain other audit partners depending on the      partner’s involvement in the audit. In addition, the Committee shall      consider whether, in order to assure continuing auditor independence, it      is appropriate to adopt a policy of rotating the independent auditing firm      on a regular basis. |
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|   | 4.1.9 | The      Committee shall recommend to the Board policies for the Company’s hiring      of partners, employees or former partners and employees of the current and      formerindependent auditor who participated in any capacity in the audit of      the Company. |
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|   | 4.1.10 | The      Committee shall pre-approve the hiring of any partner, employee or former      partner and employee of the independent auditor who was a member of the      Company’s audit team during the preceding two fiscal years. In addition,      the Committee shall pre-approve the hiring of any partner, employee or      former partner or employee of the independent auditor within the preceding      two fiscal years for senior positions within the Company, regardless of      whether that person was a member of the Company’s audit    team. |
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|   | 4.2.1 | The      Committee shall discuss with Management and advise on the appointment,      replacement, reassignment or dismissal of any senior internal auditor, if      applicable. |
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|   | 4.2.2 | The      Committee shall meet with Management and the independent auditor prior to      the audit to discuss the scope, planning and staffing of the proposed      audit for the current year. |
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|   | 4.2.3 | The      Committee shall review and discuss with Management and the independent      auditor, any internal audit department responsibilities, plans, results,      budget and staffing, if applicable. |
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|   | 4.2.4 | The      Committee shall review and discuss with Management the Company’s major      financial risk exposures and the steps Management has taken to monitor and      control such exposures, including the Company’s policies with respect to      risk assessment and riskManagement. |
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|   | 4.2.5 | The      Committee shall review with Management, any internal auditor and the      independent auditor and conduct an annual assessment and a quarterly      evaluation of the Company’s disclosure controls and procedures and the      Company’s internal controls over financial reporting and determine if      there are any significant deficiencies or weaknesses in the Company’s      control procedures. The Committee shall review with Management the      Company’s anti-fraud controlprocedures. |
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|   | 4.2.6 | The      Company shall provide for appropriate funding, as determined by the      Committee, for payment of compensation to the independent auditor for the      purpose of rendering or issuing an audit report and to any advisors      employed by the Committee. |
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|   | 4.3.1 | The      Committee shall review and discuss with Management and the independent      auditor the Company’s annual audited financial statements, including the      Management’s discussion and analysis before the filing of such      statements. |
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|   | 4.3.2 | The      Committee shall review and discuss with Management and the independent      auditor the Company’s quarterly financial statements, including the      interim Management’s discussion and analysis, and the results of the      independent auditor’s review of the quarterly financial statements, before      the filing of such statements. |
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|   | 4.3.3 | The      Committee shall discuss the independent auditor Management’s competency in      preparing the financial statements. |
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|   | 4.3.4 | The      Committee shall review and discuss quarterly and annual reports from the      independent auditor on: |
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|   | (a) | all      critical accounting policies and practices to be used by the Company      in preparing its financialstatements; |
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|   | (b) | all      material alternative treatments of financial information within GAAP that      have been discussed with Management, ramifications of the use of these      alternative disclosures and treatments, and the treatment preferred by the      independent auditor; and |
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|   | (c) | other      material communications between the independent auditor and Management,      such as any Management letter or schedule of unadjusted      differences. |
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|   | 4.3.5 | The      Committee shall review and discuss with Management earnings (and/or other      financial) press releases with particular attention to the use of “pro      forma” or “adjusted” non-GAAP information, before they are      issued. |
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|   | 4.3.6 | The      Committee shall review and discuss generally with Management the nature of      the financial information and earnings guidance provided to analysts and      rating agencies. |
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|   | 4.3.7 | The      Committee shall review with Management, any internal auditor and the      independent auditor disclosures made to the Committee by the Company’s CEO      and CFO during their certification process for the quarterly and annual      financial filings about the quality, adequacy and effectiveness of the      Company’s internal controls over financial reporting and any significant      deficiencies in the design or operation of internal controls over      financial reporting or material weakness therein and any fraud involving      Management or other employees who have a significant role in the Company’s      internal controls over financialreporting. |
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|   | 4.3.8 | The      Committee shall review and discuss with Management and the independent      auditor the effect of regulatory and accounting initiatives as well as      off-balance sheet structures on the Company’s financial      statements. |
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|   | 4.3.9 | The      Committee shall discuss with Management and the independent auditor any      audit  problems      or difficulties and Management’s  response. |
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|   | 4.3.10 | The      Committee shall review and discuss with Management and the independent      auditor the effectiveness of the Company’s disclosure controls and      procedures. |
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|   | 4.3.11 | The      Committee shall discuss with Management and the independent auditor      financial reporting issues and judgments made in connection with the      preparation of the Company’s financial statements, including any      significant changes in the Company’s selection or application of      accounting principles, any major issues as to the adequacy of the      Company’s internal controls over financial reporting and any special steps      adopted in light of material control  deficiencies. |
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|   | 4.3.12 | The      Committee shall review with Management, and any outside professionals as      the Committee considers appropriate, important trends and developments in      financial reporting practices and requirements and their effect on the      Company’s financialstatements. |
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|   | 4.3.13 | The      Committee shall review with Management any related party transactions and      ensure such related party transactions are appropriately      disclosed. |
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|   | 4.4.1 | The      Committee shall discuss with Management and the independent auditor any      correspondence with regulators or governmental agencies and any published      reports which raise material issues regarding the  Company. |
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|   | 4.4.2 | The      Committee shall establish proceduresfor |
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|   |   | (a) | the      receipt, retention and treatment of complaints received by the      Company  regarding accounting, internal accounting controls,      auditing matters or potentialviolations of law;  and |
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|   |   | (b) | the      confidential, anonymous submission by employees of the Company of concerns      regarding questionable accounting or auditing matters or potential      violations of law. |
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| 5.1 | The      foregoing list of duties is not exhaustive, and the Committee may, in      addition, perform such other functions as may be necessary or appropriate      for the performance of its oversightfunction. |
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| 5.2 | The      Committee has the power to delegate its authority and duties to a      subcommittee or individual members of the Committee, as it deems      appropriate, provided that the subcommittee is composed entirely of      unrelated directors. |
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| 5.3 | In      discharging its oversight role, the Committee shall have full access to      all Company books, records, facilities and  personnel. |
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| 5.4 | The      Committee may retain, and determine the fees of, independent counsel and      other advisors, in its solediscretion. |
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