Official statement from Crimson Ridge Golf Club

CRIMSON RIDGE NEWS RELEASES

******************** Crimson Ridge Golf Club settles third-party litigation

Sault Ste. Marie, Ontario (May 18, 2005) - Crimson Ridge Golf Course has settled its third party litigation with Orlando Rosa.

The settlement was made in order to permit Crimson Ridge to focus on the allegations made against it, its shareholders and its professional representatives by John Vanbiesbrouck.

The result of the settlement is that no decision as to the merits of the claim has been made.

In view of the fact that the issues in the case are before the Courts, Crimson Ridge will not comment on the statements made by Mr. Rosa and his colleagues.

Crimson Ridge and its shareholders intend to vigorously defend themselves in the ongoing litigation.

They believe that in the end they will be completely vindicated.

The settlement with Mr. Rosa permits Crimson Ridge to focus its energy and resources on the ongoing litigation.

Yesterday: Wishart lawyer cleared, Crimson Ridge lawsuit dismissed

******************** Crimson Ridge Golf Club extends spring special rate!

Sault Ste. Marie, Ontario (May 18, 2005) - Crimson Ridge Golf Club has announced that they will be extending their Spring Special Rate until May 31.

The Spring Special rate is $41.50 plus tax and includes 18 holes of golf with power cart usage.

Tee off times can be made by calling (705) 254–4653.

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