Discovery Air - Making Ideas Fly

Forward Looking Statement

Caution Regarding Forward-Looking Statements

Discovery Air's public communications may include written or oral forward-looking statements (as defined in applicable securities laws) regarding the future performance of the company and/or its subsidiaries. Forward-looking statements by definition are based on assumptions and are as a result subject to risks and uncertainties, including those identified in the Management's Discussion and Analysis section of Discovery Air's financial statements for the fiscal year ended January 31, 2010, available at www.sedar.com. As a result of such risks and uncertainties, actual results may differ materially from those discussed in forward-looking statements, and readers should not place undue reliance on such statements. Forward-looking statements represent expectations as of the date they are made, and Discovery Air disclaims any intention or obligation to update or revise any forward-looking statements it may make, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

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  Both Great Slave Helicopters and Air Tindi are co-sponsors of the Government of the Northwest Territories Aviation Bursary Program that provides eight $5,000 scholarships to young Northerners looking to pursue a career in aviation within the NWT industry each year.

  

  Discovery Mining Service annually sponsors an adult recreational soccer team in Yellowknife; whereas Air Tindi commits to two novice hockey teams – the Air Tindi Otters.

• Hicks & Lawrence operates with two divisions

  

  A division dedicated to Air Charter Services and a Fire Division. The Air Charter Services division is operated by Walsten Air, a company wholly owned by Hicks & Lawrence.

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  Great Slave Helicopters has strong partnerships with ten other Northern-based Helicopter companies, such as Denendeh Helicopters and Hudson Bay Helicopters.

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  The Northlinx Network brings together many of the Great Slave Helicopters Aboriginal Joint-Venture Partnerships allowing all participants to benefit from pan-territorial mega-projects requiring helicopter services in the North. Presently there are nine partnerships operating in this profitable model around the NWT and Nunavut, including Denendeh Helicopters, Dehcho Regional Helicopters, Sahtu Helicopters, Kitikmeot Helicopters, Gwich’in Helicopters, Havgun Helicopters, Kivalliq Aviation, Tlicho Helicopters and Akaitcho Helicopters.

  

  We are committed to providing our customers with specialty aviation solutions whenever and wherever they are required. Our pilots, maintainers, logisticians and administrators operate with precision and pride in some of the most challenging environments in the world.

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  Discovery Air is committed to recruiting and retaining the best talent in aviation industry. By joining Discovery Air you will have the opportunity to participate in a unique and dynamic environment focused on growth, entrepreneurship, innovation and teamwork.

  

  Hicks & Lawrence Limited, (“H&L”), is a Northern Ontario based Air Operator which has been active in the Canadian Aviation industry for over 50 years.

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  If you would like to concentrate on flying aircraft while knowing you are in the safest hands around, our team of maintainers will take care of all aspects of managing your fleet.

  

  The Turbine Single Otter is one of the most versatile and dependable bush airplanes operating in the North today. This aircraft is easily converted from full-passenger to all-cargo configuration quickly, or a combination of both may be used.