A UDITORS’ REPOR T T o the directors of F orage Orbit Inc. W e have audited the consolidated balance sheets of F orage Orbit Inc. as at January 31, 2007 and 2006 and the consolidated statements of earnings, retained earnings (deficit) and cash flows for the years then ended. These financial statements are the responsibility of the company’s management. Our responsibility is to express an opinion on these financial statements based on our audits. Except as explained in the following paragraph, we conducted our audits in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Because we were appointed auditors of the company in 2007, we were not able to observe the counting of physical inventories at either the beginning of the year ended January 31, 2007 and the beginning and ending of the year ended January 31, 2006 nor satisfy ourselves concerning those inventory quantities by alternative means. Since opening and ending inventories enter into the determination of the results of operations and cash flows, we were unable to determine whether adjustments to cost of sales, income taxes, net earnings, retained earnings (deficit) and cash provided from (used in) operations for each of the years ended January 31, 2007 and 2006 might be necessary. In our opinion, except for the effect of adjustments, if any, which we might have determined to be necessary had we been able to examine opening inventory quantities for the year ended January 31, 2007 and opening and ending inventory quantities for the year ended January 31, 2006, as described in the preceding paragraph, the consolidated balance sheet as at January 31, 2006, the consolidated statements of earnings, retained earnings (deficit) and cash flows for the years ended January 31, 2007 and 2006 present fairly, in all material respects, the financial position of the company as at January 31, 2006 and the results of operations and cash flows of the company for the years ended January 31, 2007 and 2006, in accordance with Canadian generally accepted accounting principles. F urther, in our opinion, the consolidated balance sheet as at January 31, 2007 presents fairly, in all material respects, the financial position of the company as at January 31, 2007 in accordance with Canadian generally accepted accounting principles. (signed) S AMSON B ? ELAIR D ELOITTE & T OUCHE S . E . N . C . R . L . Chartered A ccountants R ouyn-Noranda March 28, 2007 F-28