Castillian and its Board of Directors recognize the importance of corporate governance to the effective management of Castillian and to the protection of its stakeholders, particularly shareholders. Castillian’s approach to significant issues of corporate governance is designed with a view to ensuring that the business and affairs of Castillian are effectively managed so as to enhance shareholder value. The Board fulfills its mandate directly and through its committees at regularly scheduled meetings or as required. Directors are kept informed of Castillian’s operations at regular meetings and through reports and discussions with management on matters within their particular areas of expertise.

Castillian believes that its corporate governance practices are in compliance with applicable Canadian requirements and that its approach is appropriate and works effectively for Castillian and its shareholders.