Borealis Expolaration Limited Weekly update UPDATE FOR THE WEEK ENDING 12 June 2013

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AMTPF / BOREF, BOREY / CHOMF / COLCF / FWYPF / PHPWF/ PWCHF /

RCHBF, WheelTug plc and other members of the Borealis

Family of Companies Update for the week ending 12 June 2013

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We are now listed on the Prague Stock Exchange, www.pse.cz

We do indeed want trading of BOREY on Prague Stock Exchange.

Click under trading and we are listed as Borealis. There are bids, as many as 32,000 shares on the bid this past week. We need bids and offers on the PSE. We really want trading on the PSE.

Every US Broker should be able to trade on the PSE electronically. The same should be true for all brokers from Shanghai to Toronto. http://xetra.com/xetra/dispatch/de/kir/navigation/xetra

We will attempt to provide everybody with instructions for each individual broker so they can trade BOREY on the Prague Stock Exchange.

We are here to help to get trading going at http://www.pse.cz/Cenne-Papiry/Detail.aspx?isin=GI000A1J9JJ0#OL

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WheelTug Press:

Please note

http://online.wsj.com/article/SB10001424127887324049504578545791714539954.html

This is a major article in the Wall Street Journal. A very good read.

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Borealis Prospectus

SOURCE: Borealis Exploration Limited

http://www.borealis.gi/investor/prospectus/

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www.wheeltug.com

COME TO SEE US AT PARIS AIR SHOW 2013

HALL 5, E-264

17-23 June

If you wish to specifically set a meeting time at the show, email file@wheeltug.gi

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Annual Meetings Set:

10 May 2013 is the record date for all the annual meetings for all the Borealis Family of Companies.

The annual meetings are set for Wednesday, 26 June 2013, in Gibraltar and on GoToMeeting starting at 16:30 hours Gibraltar Summer Time.

If you are planning on showing up, now is the time to get Hotel Accommodations. We will be providing before the meetings a meal at Verdi Verdi which is on Casemates Square.

The meetings will be held at our Gibraltar Solicitors’ Office:

Verralls Barristers & Solicitors

PO Box 1450, 2B Centre Plaza

2 Horse Barrack Lane, Gibraltar

Tel: +(350) 200 47252 Fax: +(350) 200 72789

Email: smahtani@verralls.gi

Website: http://www.verralls.gi

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WheelTug Strategic Partners

We continue to grow relationships with key suppliers and risk sharing partners. Serious negotiations continue underway worldwide.

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WheelTug Press Release

http://www.marketwire.com/press-release/icelandair-reserves-wheeltug-delivery-slots-becomes-737max-launch-customer-1801176.htm

SOURCE: WheelTug plc

June 12, 2013 12:19 ET

Icelandair Reserves WheelTug Delivery Slots; Becomes 737MAX Launch Customer

GIBRALTAR--(Marketwired - Jun 12, 2013) - WheelTug plc announced today the execution of a Slot Purchase Agreement with Icelandair. With the new reservations the order book of WheelTug® aircraft drive systems grows to 573 delivery slots reserved by eleven airlines from Europe, America, the Middle East and the Far East.

Icelandair becomes the first carrier to reserve WheelTug Delivery Slots for 737MAX aircraft.

The WheelTug electric drive system uses high-performance electric motors, installed in the nose gear wheels of an aircraft, to provide full mobility while on the ground, without the use of the aircraft's jet engines or tugs for both pushback and taxi operations.

Current commercial aviation practice utilizes a tug for aircraft gate pushback, while forward taxi is powered by the aircraft's engines. Typically, a taxiing Airbus A320 or Boeing 737NG aircraft burns 24 to 27 pounds of fuel per minute. The electric WheelTug unit needs only four pounds of fuel per minute by using the aircraft's auxiliary power unit (APU), representing an 80% reduction in ground operation fuel consumption.

In addition to lower ground operation fuel consumption, other intended benefits of the WheelTug® aircraft drive systems include: removal of the time and safety costs of the use of ground tugs, substantially reduced carbon dioxide and other greenhouse gas emissions, increased safety and flexibility of operations, faster turnaround times, reduced engine wear and repair costs, and decreased noise pollution. WheelTug estimates the total savings at over US$700,000 per aircraft per year. WheelTug Systems will be offered to the airlines entirely on a lease, or power-by-the-hour basis, so that the systems can be installed and operated on aircraft without any capital expenditure on the part of the airline whatsoever.

WheelTug plc successfully installed and tested the first in-wheel WheelTug in Prague in June 2012. Video from the tests is available at http://media.wheeltug.com.

About WheelTug plc

WheelTug plc is a Gibraltar Corporation. A full listing of WheelTug partner companies and airline customers is on the company's website at http://www.wheeltug.gi.

About Icelandair

The Icelandair network and service is based on the geographical position of Iceland on the flight route between northern Europe and North America. By combining in its aircraft, passengers visiting Iceland, Icelanders travelling abroad and passengers travelling across the Atlantic via Iceland, Icelandair has expanded its network steadily. Icelandair now connects 25 European cities to 10 North American cities through the hub in Iceland in its summer schedule. The Icelandair mission is to operate a first-rate airline and maintain a reliable quality service through the experience and knowledge gained in 76 years of operations.

Forward-looking statement at http://www.wheeltug.gi/fls.shtml.

Contact Information

• For more information:

Jan Vana

Director

WheelTug plc

+420 724 276 506

+1 410 419 0082

exec@wheeltug.gi

www.wheeltug.gi

http://www.aviationweek.com/Article.aspx?id=/article-xml/awx_06_16_2013_p0-588629.xml

Electric Taxi Puts On A Show At Paris

By Guy Norris guy.norris@aviationweek.com

Source: AWIN First

June 16, 2013

Credit: ERIC DROUIN/SAFRAN

Two years after Honeywell and Safran announced plans to develop an electric-drive system, the team is preparing to demonstrate a proof-of-concept system on an Airbus A320 at this year’s Paris air show.

The appearance of the Electric Green Taxiing System (EGTS) at Le Bourget, added to mounting sales of the competing WheelTug system, indicates growing interest in fuel-saving electric-powered taxiing systems for commercial aircraft. The concept involves fitting electrically driven motors to the aircraft’s wheels which will be used in place of the main engines to taxi. The system takes power from the aircraft’s auxiliary power unit (APU), and is designed to save fuel and emissions, cut direct operating costs, reduce maintenance time, extend engine life and provide environmental benefits.

Unlike the taxi system in development by WheelTug, which uses electrically driven motors in the nose wheels, the Honeywell-Safran system incorporates motors fitted to the main landing gear. In development by EGTS, a joint venture formed between the two companies in 2012, the system could save up to $200,000 per aircraft per year in fuel costs, says Honeywell Product Marketing Vice President and EGTS business manager Jim Fusaro.

“We’ve looked at the mid- to short-haul market, and we think that’s where there is the greatest value,” Fusarosays. Based on the standard taxiing procedures of a typical A320 making a 500 naut. mi flight, the company predicts EGTS will save up to 4% of block fuel costs. Assumptions include an average taxi time of 20 min. with a single engine operating. “We are looking at total system savings, fuel consumption of the APU versus the main engine, the weight of the system and any of ancillary type of benefits, such as savings associated with tug operations, a 2-min. shave off the push-back time, reduced brake wear and less foreign object damage to the engine,” he adds. The system will also reduce carbon emissions by 75% and nitrogen oxide emissions by up to 50%, reducing carbon tax liability at various European airports.

The decision to opt for a system based on the wing-mounted landing gear rather than the nose leg was “predicated on the majority of the aircraft’s weight being transmitted through the main gear,” says Fusaro. Less than 10% of an aircraft’s weight is on the nose gear, so the EGTS team believes its system is therefore better equipped to handle adverse conditions on ground, slopes, snow, ice, and breakaway torque considerations when aircraft “sink” into soft tarmac on hot days.

Honeywell and Safran have combined expertise in avionics, power and landing gear systems into an integrated EGTS designed to accelerate to around 20 kt. in 90 sec., or 18 kt. at maximum take-off weight (MTOW). The system will also be capable of accelerating to 10 kt. in 20 sec. to cross active runways. It will also have the power to achieve breakaway torque on a 1.5% slope at MTOW.

The system will be built into one of the two wheels on each main landing gear unit, providing a 50 kW electric motor per leg. The installation includes power converters to drive the motors using power from the APU, and a reduction gearbox to drive the wheel through a clutch/reaction torque mechanism which is integrated with the brake control. The installed unit is currently expected to weigh around 150 kg per wheel, though “there will always be further optimization,” says Fusaro.

Power electronics and dedicated system controllers are used by pilots to control the aircraft’s speed and direction during taxi operations. On the test aircraft, control is via a joystick, which the developers say pilots like. Final implementation may vary, depending on work conducted with specific aircraft manufacturers. During Paris the EGTS demonstration will include a reverse capability, as well as turning around the aircraft’s center using reverse on one wheel and forward on the other.

Initial tests to evaluate runway conditions and calculate the necessary loads to move an A320 were undertaken in Montpellier, France. Testing of various elements of the system has been undertaken at Honeywell and Safransites in Canada, Europe and the U.S, while the full system integration is being conducted on an A320 at Toulouse. In all some 3,000 hr. of laboratory testing has been achieved so far on electrical and landing gear sub-system integration, while 2,200 mi. of equivalent distance has been amassed on qualification tests of wheels and brakes under normal and loaded conditions. Testing of the system on the A320 covered 160 km and 300 hr.

“We are in the first phase of testing, and we’ve crossed many hurdles and bridges,” says Fusaro. The fully integrated system, which is designed for both forward fit and retrofit of the A320 and 737 from 2016 onwards, could also one day be incorporated into an automated “auto taxi” airport system, he adds. “We have full intentions to support the other OEMs, and we are in good conversations with other manufacturers. There’s been a lot of interest from airlines, and we’ve spoken to more than 50 operators.”

Copyright © 2013, Aviation Week, a division of McGraw Hill Financial.

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Iron Ore Pricing

• Iron ore price | MacroBusiness

www.macrobusiness.com.au/category/iron-ore-price/‎

1 day ago – Still got some technical issues today but iron ore rose one percent or so to $112, which is better than I'd feared. However, pressure will remain...

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Power Chips plc / Cool Chips plc / Avto Metals plc

If all goes well we can expect to be negotiating contracts to build prototype Power Chips(tm) in the next few months. Work Continues.

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Share Prices for 6 June 2013 through 12 June 2013

Borealis Exploration Limited(BOREY) is now listed on the Prague Stock Exchange(PSE),http://www.pse.cz. PSE is a member of the Federation of European Securities Exchanges (FESE), and the US Securities and Exchange Commission (US SEC) included PSE on its list of exchanges safe for investors by granting it the status of “Designated Offshore Securities Market”. The Frankfurt Stock Exchange Xetra® electronic trading platform, used by the PSE and more than 14 other stock exchanges, has an outstanding record of high scalability, speed, reliability, quality of core technology

PSE:BOREY(CZK)

High: n/a Last: 180.00 Best Bid: 182.00 Best Ask: n/a

Low: n/a Vol: 0 Bid Size: 32,000 Ask Size: 0

=====Company:Symbol === High ==== Low === Last =Change === Volume ==== Bid ==== Ask

.Borealis Exp:BOREF .$12.25 . $8.68 .$11.75 + 3.120 ...24,464 . $11.75 .$12.00

Chorus Motors:CHOMF . . did not trade . $2.25 + ..... ........0 . . .n/a . . n/a

...Cool Chips:COLCF . . did not trade . $0.60 - ..... ........0 . .$0.60 . $1.00

..Power Chips:PWCHF . . did not trade . $1.25 + ..... ........0 . . .n/a . . n/a

....Roche Bay:RCHBF . . did not trade . $0.02 - ..... ........0 . . .n/a . . n/a

West Melville Metals INC

..Toronto.TSX-V:WMM .C$0.065 .C$0.065 .C$0.065 - 0.005 ...130,500 .C$0.060 .C$0.100

Advanced Explorations Inc.

....Other-OTC:ADEXF . . did not trade . $0.060 + ..... .........0 . . .n/a . . n/a

..Toronto.TSX-V:AXI .C$0.060 .C$0.050 .C$0.050 – 0.010 ....55,030 .C$0.055 .C$0.060

..Frankfurt.FWB:AE6 .EU0.047 .EU0.040 .EU0.045 + 0.005 ....40,609 .EU0.038 .EU0.046

n/a = not available

NOTE: DO NOT PLACE MARKET ORDERS FOR ANY OF OUR SHARES

Please note that Dow Jones is now covering Borealis Exploration Limited.http://www.marketwatch.com/investing/stock/BOREF?link=MW_Djcom_Autocomplete This means, for example, that all Borealis Audited Financial statements and quarterly statements for the past 5 years are available on line at www.wsj.com in addition to being available at www.borealis.com, and on the web sites of all the individual public companies.

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Sign Off

rtc

iwc

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(c) Copyright, Borealis Exploration Limited, 2013

WheelTug and Chorus are Registered Trade Marks of Borealis Technical Limited

To be added to the BoreyNet (which includes updates and daily stock closes), please e-mail:pr@borealis.gi

If there are any comments or questions about the information given above,

Please e-mail: pr@borealis.gi

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This information is being sent to various News Agencies and newsgroups as part of Borealis' policy to ensure that all news sent to the BoreyNet (Corporate e-mail listserv over the Internet) is absolutely public in nature.

All the information being sent out is public information, and is included on the BoreyNet. Much of the information is also contained in our web page at http://www.borealis.gi .

Our companies are quoted in the US under the Symbols:

BOREY, BOREF - Borealis Exploration Limited http://www.borealis.gi

CHOMF - Chorus Motors plc ----------------- http://www.chorusmotors.gi

COLCF - Cool Chips plc -------------------- http://www.coolchips.gi

PWCHF - Power Chips plc ------------------- http://www.powerchips.gi

RCHBF - Roche Bay plc --------------------- http://www.rochebay.gi

AMTPF - Avto Metals plc ------------------- http://www.avtometals.gi

FWYPF - Faraway plc ----------------------- http://www.faraway.gi

PHPWF - Photon Power plc ------------------ http://www.photonpower.gi

Current quotes with bid and ask information can be found at:

BOREY - http://www.pse.cz/Cenne-Papiry/Detail.aspx?isin=GI000A1J9JJ0#KL

BOREF - http://si.advfn.com/p.php?pid=squote&symbol=boref

COLCF - http://si.advfn.com/p.php?pid=squote&symbol=colcf

PWCHF - http://si.advfn.com/p.php?pid=squote&symbol=pwchf

Advanced Explorations Inc.

http://www.advanced-exploration.com/home/

West Melville Metal