Borealis Exploration Limited Weekly Update for the Week Ended 30 October 2013 - Part I

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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 30 October 2013

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Slot Sales

Negotiations continue worldwide for an ever increasing number of Slot Sales.

As these negotiations are completed they will be announced.

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Toulouse Video

This is a most important Video:

We have a version posted on our web site where all the questions can be heard.

Go to media.wheeltug.gi or

http://www.youtube.com/watch?feature=player_embedded&v=LBpl6NO0GgA

Understand that the video is almost two hours long but it gives a really good understanding of WheelTug!

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Current Upcoming Conferences:

We continue to attend conferences several times a month:

November 25-26

Future of Air Transport Conference

London, England

December 3-4

7th Flight Ops Conference

Frankfurt, Germany

December 4-5

Aviation Forum

Hamburg, Germany

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WheelTug plc New Private Placement Memorandum

The current PPM is dated 02 August 2013.

It is available to qualified investors under Non-Disclosure Agreement.

Please contact kalin@wheeltug.gi

It should be noted that we expect all our current offerings to sell out in fairly short order. WheelTug® is becoming a reality.

Our Solicitors are now working on what should be our last Private Placement Memorandum for WheelTug plc.

As soon as this offering is sold out we can reasonable expect to commence work on listing WheelTug plc shares on the Prague Stock Exchange. The listing is subject to all the standard listing issues and approvals.

NO OFFER OR SALE OF SHARES OF WHEELTUG PLC IS BEING MADE HEREBY.

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Avto Metals/Cool Chips/Power Chips

We now have the facility with the equipment to run the Ev tests.

We are arranging dates which may be as early as this week.

Simply Spectacular News!!!

Will keep everybody posted as to results.

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Public Information about our Companies and trading platforms:

We might as well start reporting each week the most outlandish reporting of the financial information by the major reporting services.

Let us start with The Wall Street Journal, which has stopped reporting any financial numbers.

MarketWatch, which is owned by the Wall Street Journal, report absolutely hilarious numbers:

For Example: Note that most of these numbers are in Millions of Dollars-so we have for example last year US$47,277 millions of dollars in Depreciation and Amortization, or in more common terms over US$47 billion in such charges.

This sure shakes at least one’s faith in the reporting of financial numbers by the Wall Street Journal. Do any of these services have any liability if they report phony numbers to the world?

http://www.marketwatch.com/investing/stock/boref/financials

Annual Financials for Borealis Exploration Ltd.

Fiscal year is April-March.

All values USD millions.

2009

2010

2011

2012

2013

5-year trend

Sales/Revenue

0

0

0

0

0

Cost of Goods Sold (COGS) incl. D&A

-

-

-

42,316

5.67M

COGS excluding D&A

-

-

-

0

5.62M

Depreciation & Amortization Expense

38,778

36,934

38,561

42,316

47,277

Depreciation

7,500

6,000

6,000

5,979

5,183

Amortization of Intangibles

31,278

30,934

32,561

36,337

42,094

Gross Income

-

-

-

(42,316)

(5.67M)

$$$$$$$$$$$$$$$$$

Note that in 2012 we lost US$42,316 billion dollars and last year we only lost US$5.67 million. As reported this was one of the biggest turnarounds ever in Corporate History J