12 Q ual i f i ed O pi ni on I n ou r opi ni on ex c ept f o r t he pos s i bl e e f f ec t s o f t h e m a t t e r des c r i bed i n t he B as i s f o r Q ual i f i ed O pi ni on par a g r aph t he f i nan c i al s t at e m ent s p r es ent f ai r l y i n al l m at e r i al r es pec t s t he f i nanc i al pos i t i on o f W a u bet e k B us i nes s D ev el opm ent C o r por a t i on as at A ugus t 31 2016 and i t s r es ul t s o f ope r at i ons and i t s c as h f l ow s f or t he y ear t hen ended i n ac c o r dan c e w i t h C anadi an ac c ou nt i ng s t anda r ds f o r no t f or pr o f i t or g ani z at i ons O t he r M at t er s O ur audi t w as m ade f or t he pur pos e o f f o r m i ng an opi ni on on t he f i nanc i al s t at e m ent s t a k en a s a w hol e T he s uppl em en t ar y i n f or m at i on i nc l uded i n t he s c hedul es i s pr es en t ed f o r pur pos es o f a ddi t i onal a nal y s i s and i s not a r e q ui r ed par t o f t he f i nanc i al s t at e m en t s S uc h i n f or m at i on ha s been s ubj e c t ed t o t he audi t i ng p r oc edu r es appl i ed i n t he au di t o f t he f i n anc i al s t at e m ent s and i n our opi ni on i s f ai r l y s t a t ed i n al l m at er i al r es pec t s i n r e l at i on t o t he f i nanc i al s t a t em ent s t a k en as a w hol e C har t er ed P r o f es s i onal A c c ount ant s Li c ens ed P ubl i c A c c ount ant s N ov em ber 17 2016 S udbur y C anada