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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: January Presentation

I need to correct an error that I made on point #5 in that I called Connacher's 50% ownership of 38.5 acres of leases with AOS at Hangingstone. The name of the area should read Halfway Creek.

5) Page 17 Managing The Balance Sheet states "Potential asset sales reduce net debt: $57.5 mm Battrum sale scheduled to close February. 2011, non-core oilsands , PDP. " This is the first mention of selling Connacher's PDP position as well as selling CLL's land holding at Halfway Creek in partnership with AOS (if I read this right).

Sorry for the error. Scott

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