CHERISH

Happy Valentine's Day!

FORT ERIE UPDATE ON ONTARIO HBPA WEB SITE
http://www.hbpa.on.ca/
February 13, 2009

The H.B.P.A. of Ontario, the Town of Fort Erie, and the EDTC will be offering a non-refundable down payment for the purchase of Fort Erie racetrack from Nordic Gaming.

A brief outline of the offer is as follows:

The above named parties will make a non-refundable deposit for the purchase of Fort Erie Racetrack in the amount of $2,250,000.

In exchange, Nordic Gaming must agree to run 78 days of live horse racing in 2009 commencing the first Saturday in May. They must also allow the parties involved till August of 2009 to review with the Province of Ontario the formation of a not-for-profit corporation. This will allow all concerned to perform due diligence to secure a permanent solution for Fort Erie.

Several prior meetings with Nordic Gaming made them aware this offer could be forthcoming. We were awaiting approval from the Province to use EDTC funds.

This information is for horsemen's use only, please do not make it public as there is a long way to go yet.

We anticipate a timely response from Nordic Gaming. More details will follow.

Sue Leslie, President
HBPA of Ontario

---