Website Terms of Use

Stoneham Drilling Trust including its affiliates and subsidiaries ("Stoneham") makes available to you the website located at www.stonehamdrilling.com (the "Website") subject to your acceptance of and compliance with these Legal Terms and Conditions ("Terms"). By accessing or using the Website you are agreeing to and accepting these Terms. If you do not agree with these Terms do not access or use the Website.

Stoneham reserves the right to modify these Terms at any time without prior notice by posting such modifications on the Website. Your continued access or use of the Website after such modifications have been posted shall indicate your acceptance of and agreement to be bound by these Terms as modified. It is your responsibility to review these Terms regularly.

Conditions of Use

Except as may be expressly authorized by Stoneham, any reproduction, modification or distribution of the Website materials or content, in whole or in part, is strictly prohibited.

Stoneham reserves the right to modify, change, discontinue or suspend the Website in whole or in part, at any time, without prior notice to you. Stoneham or any of its respective employees, agents, officers, directors or third party service providers (collectively, "Stoneham Service Providers") shall not be liable to you or any third party should Stoneham exercise this right.

Accuracy of Information

Information posted to the Investor Relations section of the Website was believed to be accurate at the time it was posted, but may be superseded by subsequent disclosures.

Stoneham makes reasonable efforts to ensure that the information provided through the Website is current and accurate. Stoneham makes no representations or warranties as to the accuracy, reliability, completeness or timeliness of such information.

Ownership of Intellectual Property

Stoneham or its Service Providers own all right, title and interest in the Website, including all associated market data and information, and you acquire no interest therein. The materials provided on the Website including, without limitation, all content, site design, text, graphics and the selection and arrangement thereof are protected by copyright. All rights are reserved. Any unauthorized use or any reproduction, modification or distribution of the materials is strictly prohibited. Nothing in these Terms or your use of the Website shall grant you any rights in or to the intellectual property or proprietary rights of Stoneham or any third party. You may not frame this Website nor link to this Website without Stoneham's express permission. If you wish to link to this Website please contact us at 403-264-7777.

Stoneham, stonehamdrilling.com and related words and logos are the property of Stoneham. Nothing in this or on the Website shall be construed as granting, either expressly, by implication, by estoppel or otherwise, a licence or other right to you to use any marks or names of Stoneham. The names of other companies, products or services referred to on the Website may be trade-marks or trade-names of their respective owners. Any unauthorized use of the name Stoneham, Stonehamdrilling.com and related words, logos and trade-names or the trade-marks or trade-names of third parties is strictly prohibited.

Stoneham hereby grants to you a licence to download one copy of materials published by Stoneham on this Website on any single computer for your personal, non-commercial use only, provided you do not remove or alter any copyright or other proprietary notices.

Software Available on the Website

Software that is made available to download from the Website is the copyrighted work of Stoneham or third party vendors. Your use of the software is governed by the terms of the end user license agreement which accompanies or is made available with the software. You may not install or use the software unless you first agree to the terms and conditions of the license agreement.

Links

Certain links on this Website lead to other websites ("Linked Sites"). Independent parties over whom Stoneham has no control maintain the Linked Sites. Stoneham makes no representations or warranties as to the accuracy or any other aspect of the information contained on the Linked Sites, including the goods or services sold or made available. Stoneham disclaims all liability and responsibility for the content of the Linked Sites. Nothing in these Terms grants you any rights or authorization with respect to any Linked Sites.

Compliance with Laws

In addition to complying with these Terms, you agree to use the Website, Linked Sites and services available on or through the Website and Linked Sites for lawful purposes only and in a manner consistent with local, national or international laws and regulations. You may not use the Website or Linked Sites in any manner which could damage, disable, overburden, or impair the Website or Linked Sites or interfere with any other party's use or enjoyment of the Website or Linked Sites.

Stock Quotes and Charts

Stoneham does not guarantee the sequence, accuracy or completeness of any stock price information or other data displayed, and is not liable or responsible in any way for any delays, inaccuracies or errors in any stock price information or data or in the transmission of any stock price information or data. The stock price information or data provided is not to be relied upon for any trading, business or financial purpose and Stoneham and Stoneham Service Providers are not liable or responsible in any way for any damages, losses or costs arising from reliance upon this information or incurred as a result of the nonperformance, interruption or termination for any reason whatsoever of the stock price information or data.

No Solicitation

MATERIAL CONTAINED IN OR ACCESSIBLE THROUGH THIS WEBSITE IS FOR INFORMATION PURPOSES ONLY AND IS NOT INTENDED TO AND DOES NOT CONSTITUTE AN OFFERING OF SECURITIES IN ANY JURISDICTION. STONEHAM DOES NOT ASSUME ANY DUTY OF DISCLOSURE BEYOND THAT WHICH IS REQUIRED BY APPLICABLE LAW.

Stoneham is subject to the securities laws of various jurisdictions. Information disclosed or provided by Stoneham pursuant to the securities laws of those jurisdictions is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through, or on this Website. Stoneham's public filings can be viewed at www.sedar.com.

Investment Decisions

Due to the technical and security risks inherent in the Internet, and because the document you access may differ from the original depending on your browser software, the information set out in this Website should not be used for the purpose of making investment decisions with respect to Stoneham's securities. If you are contemplating trading in Stoneham's securities, you should review Stoneham's public filings at www.sedar.com, and contact your securities broker or financial advisors.

Forward-Looking Information

This Website (and the documents and information accessible through the Website) may contain forward-looking statements, including management's assessment of Stoneham's future plans and operations.

By their nature, forward-looking statements involve numerous assumptions, risks and uncertainties, some of which are beyond Stoneham's control. These include: the impact of general economic conditions, industry conditions, commodity price and currency fluctuations, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. These and other factors contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Stoneham's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements, and accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits Stoneham will derive therefrom. Further discussion of risks, uncertainties and other factors that negatively affect the reliability of the forward-looking information are discussed in our public filings with the Canadian securities regulatory authorities and on www.sedar.com. We further caution that information contained on, or accessible through, this Website is current only as of the date of such information and may be superseded by subsequent events. Subject to its obligations under applicable law, Stoneham does not intend, and does not assume any obligation, to update these forward-looking statements.

Disclaimers, Limitations of Liability and Indemnification

YOU UNDERSTAND AND AGREE THAT:

USE OF THE WEBSITE IS AT YOUR SOLE RISK. THE WEBSITE IS PROVIDED ON AN "AS IS", "AS AVAILABLE" BASIS. STONEHAM AND STONEHAM SERVICE PROVIDERS DO NOT WARRANT THAT THE WEBSITE WILL BE UNINTERRUPTED OR ERROR FREE; NOR DO THEY MAKE ANY WARRANTY AS TO THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE WEBSITE OR AS TO THE ACCURACY, RELIABILITY OR CONTENT OF ANY INFORMATION AVAILABLE ON OR THROUGH THE WEBSITE.

USE OF ANY LINKED SITE IS ENTIRELY AT YOUR OWN RISK. HYPERLINKS FROM THE WEBSITE TO ANY LINKED SITE DO NOT IMPLY AN ENDORSEMENT OF THE LINKED SITE OR ANY GOODS, SERVICES OR INFORMATION PROVIDED THROUGH SUCH LINKED SITES.

THE DOWNLOADING OF MATERIAL FROM THE WEBSITE OR LINKED SITES IS DONE AT YOUR OWN RISK. STONEHAM DOES NOT GUARANTEE OR WARRANT THAT SUCH MATERIALS ARE FREE OF VIRUSES, WORMS, TROJAN HORSES OR OTHER DESTRUCTIVE CODE. YOU ARE RESPONSIBLE FOR IMPLEMENTING SAFEGUARDS TO PROTECT YOUR COMPUTER SYSTEM AND DATA AND YOU ARE RESPONSIBLE FOR THE ENTIRE COST OF ANY SERVICE, REPAIRS OR CORRECTIONS NECESSARY AS A RESULT OF THE USE OF THE WEBSITE OR ANY LINKED SITE.

YOU SHOULD NOT RELY ON ANY OPINION OR OTHER INFORMATION SET OUT IN THE WEBSITE OR ANY SITE ACCESSIBLE THROUGH THE WEBSITE WHEN MAKING BUSINESS, FINANCIAL, PERSONAL OR OTHER DECISIONS. STONEHAM AND ITS SERVICE PROVIDERS DO NOT ENDORSE THE OPINIONS OF ANY THIRD PARTY EXPRESSED ON THE WEBSITE OR ANY SITE ACCESSIBLE THROUGH THE WEBSITE.

Limitations of Liability.

IN NO EVENT SHALL STONEHAM BE LIABLE FOR ANY

• INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL, COMPENSATORY OR PUNITIVE DAMAGES,
• DAMAGES FOR LOSS OF INCOME, LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, LOSS OF DATA OR BUSINESS INFORMATION, LOSS OF OR DAMAGE TO PROPERTY,
• CLAIMS OF THIRD PARTIES, OR
• OTHER PECUNIARY LOSS, ARISING OUT OF OR RELATED TO THESE TERMS, THE WEBSITE OR ANY LINKED SITE.

IN NO EVENT WILL THE CUMULATIVE LIABILITY OF STONEHAM AND STONEHAM SERVICE PROVIDERS ARISING OUT OF OR RELATED TO THESE TERMS EXCEED CDN$10.00. TO THE EXTENT THAT SOME JURISDICTIONS DO NOT ALLOW EXCLUSIONS OR LIMITATIONS ON SOME CATEGORIES OF DAMAGES, THESE EXCLUSIONS OR LIMITATIONS MAY NOT APPLY TO YOU.

Scope of Limitations and Disclaimers.

THE DISCLAIMER OF WARRANTIES AND LIMITATIONS OF LIABILITY SET OUT IN THESE TERMS SHALL APPLY REGARDLESS OF THE CAUSES, CIRCUMSTANCES OR FORM OF ACTION GIVING RISE TO THE LOSS, DAMAGE, CLAIM OR LIABILITY, EVEN IF SUCH LOSS, DAMAGE, CLAIM OR LIABILITY IS BASED UPON BREACH OF CONTRACT (INCLUDING, WITHOUT LIMITATION, A CLAIM OF FUNDAMENTAL BREACH OR BREACH OF A FUNDAMENTAL TERM), TORT (INCLUDING, WITHOUT LIMITATION, NEGLIGENCE), STRICT LIABILITY OR ANY OTHER LEGAL OR EQUITABLE THEORY, AND EVEN IF STONEHAM AND ITS SERVICE PROVIDERS ARE ADVISED OF THE POSSIBILITY OF THE LOSS, DAMAGE, CLAIM OR LIABILITY.

Indemnity.

IN EXCHANGE FOR USING THIS WEBSITE YOU AGREE TO INDEMNIFY AND HOLD STONEHAM AND ITS SERVICE PROVIDERS HARMLESS FROM AND AGAINST ANY AND ALL CLAIMS, LIABILITIES, DAMAGES, DEMANDS, LOSSES OR EXPENSES (INCLUDING ALL LEGAL FEES) ARISING OUT OF YOUR BREACH OF THESE TERMS OR ANY POLICIES.

Jurisdiction

The laws of the Province of Alberta and any applicable federal laws of Canada shall govern your use of the Website. The courts of the Province of Alberta shall have exclusive jurisdiction over any dispute arising out of your use of this Website.

General

These Terms, any and all other notices, policies and statements contained on the Website (as the same may be amended by Stoneham from time to time without prior notice) constitute the entire agreement between Stoneham and you. These Terms cannot be modified except as described elsewhere herein. These Terms supersede anything in the Website inconsistent with these Terms. No waiver of any of these Terms shall be deemed a further or continuing waiver of such term or condition or any other term or condition. If in any jurisdiction, any part of these Terms is held to be unenforceable by a court of competent jurisdiction, such part of these Terms shall be restricted or eliminated to the minimum extent necessary and the remaining Terms shall otherwise remain in full force and effect.