Borealis Exploration Limited Weekly Update for the Week Ended 24 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 24 October 2013

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VOLARIS RESERVES WHEELTUG DELIVERY SLOTS

Gibraltar, 21 Oct 2013- WheelTug plc announced today the execution of a Slot Option Purchase Agreement with Volaris (NYSE: VLRS and BMV: VOLAR) for Airbus A320 WheelTug Systems. With the new reservations the order book for WheelTug® aircraft drive systems grows to 731 delivery slots reserved by thirteen airlines from Europe, America, the Middle East and Asia.

Volaris is the leading Mexican ultra-low-cost airline and the country's second largest airline.

Current commercial aviation practice utilizes a tug for aircraft gate pushback, while forward taxi is powered by the aircraft's engines. The electric WheelTug unit drives the aircraft without using the engines.

In addition to lower ground operation fuel consumption, other 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$1.1 million 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 athttp://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.

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

CONTACT INFORMATION

Jan Vana, Director, WheelTug plc

+420 724 276 506, +1 410 419 0082

exec@wheeltug.gi www.wheeltug.gi

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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

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 and as of now 2 to 3 weeks max for tests.

Simply Spectacular News!!!

Will keep everybody posted as to results.

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Public Information about our Companies and trading platforms:

We are in discussions with one of the largest financial intermediaries in the world about getting all the information about all our companies current and quite possibly getting all of our shares in all of our subsidiary companies up and trading.

This is being done by this major financial institution as a service to their customers as their customers represent significant holdings in all our companies.

They say they may file 211 forms for a couple of our companies with more to follow. Hammer your brokers, tell them that the Borealis Family of Companies is legitimate and they should join us in our marvelous adventures.

We are trying to get the information corrected on all our companies. WE HAVE CONCERNS WITH THE ACCURACY OF CERTAIN FINANCIAL INFORMATION POSTED ON OUR COMPANIES ON THE WEB. WE URGE YOU TO RELY ONLY ON THE INFORMATION POSTED ON OUR BOREALIS FAMILY OF COMPANY WEB SITES.

Look at http://www.marketwatch.com/investing/stock/BOREF/financials/balance-sheet and then compare the actual numbers from our Audited Statements posted on www.borealis.gi. This calls into question the capabilities of the entire financial reporting world to even be able to read a balance sheet, let alone know how to compute earnings off an Audited Financial statement.

We digress, but getting all this nonsense at least on its way to get corrected was all done by one of our shareholders after getting in discussions with one of the financial institutions about the Borealis Family of Companies. Just AWESOME as none of us have ever been able to get into the financial reporting systems to get our information corrected or to get our companies trading resumed in many of our companies..

To start looking at the reporting we are now getting for Borealis look at the below: This is actually pretty good. Fidelity seems to have trouble understanding that if our fiscal year ends 31 March 2013, that the annual report is for fiscal 2013, not fiscal 2012. That is a confusion that does not amount to the fundamental basic total confusion of Dow Jones trying to understand our financial statements.

1) Fidelity (no account required):

https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/financials.jhtml?stockspage=financials&symbols=BOREF

Once there, one can explore all the data and forms available from “clicks” to the left margin menu. Note again, they have wrong year ends, our Fiscal 2013 year end, ends 31 March 2013.

2) S&P (also accessible from the Fidelity “Key Statistics” menu choice, near the bottom:

http://research2.fidelity.com/fidelity/research/reports/pdf/getReport.asp?feedID=596&docTag=55215&verstionTag=20131021

However, in order to access this link which is the S&P service from the Fidelity website, one must have an account with Fidelity.

3) One may access the S&P financial reports directly, which requires being an S&P member:

https://www.capitaliq.com/home.aspx

4) Anyone may access BOREF’s financials on CNN for free using this link:

http://money.cnn.com/quote/financials/financials.html?symb=BOREF

Note that CNN has the numbers right.

5) I would imagine that any stockholder with an account could ask his broker for the S&P sheets if they are not already available within their electronic account as indicated above for Fidelity.