Borealis Exploration Limited - Weekly Update for the Week Ended 4 December 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 4 December 2013

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The following information does not constitute mandatory disclosure under

applicable European Union and/or Czech regulations. As such, we are

disclosing the following information on a voluntary basis only.

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MARKETFORCE!

The market Force Video from last week is up.

It is just super!!!

The presentation is up, at <http://youtu.be/JcRYrKbEFyM>

http://youtu.be/JcRYrKbEFyM . Share with your friends! :-)

Kudos to Jim for vast amounts of post-process work. The Marketforce camera

was just on me - not the screen. So Jim had to come in and out it all

together.

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Attended this week

7th Flight Ops Conference

<http://www.aircraft-commerce.com/conferences/default.asp> Frankfurt,

Germany

The video of the speech will be up shortly. Another great show!!!

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WheelTug Tests

Major tests and evaluation work was just completed on two continents.

This is big time, as usual.

Simply awesome results for our develoment programs.

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WheelTug Industry Adoption

Note this is meant to be taken in a spirit of fun-we have had so much fun

with this that we really think most people in the industry have not tweaked

to the size of the savings generated by WheelTug.

http://www.linkedin.com/today/post/article/20131120054209-11846967-faster-ai

rline-boarding-looking-at-solutions

Hmmmm.. A chairman of a major airline who is very interested in improving

turnaround time. And 15% of his readers say it would be good to use *both*

doors - which, of course, he points out that JetBlue does when the weather

is nice and the airport is conducive. So it is good to know that JetBlue is

already on top of this.

One wonders why the industry has not thought of something that could reduce

ground delays due to ground staff and equipment *and* enable jet bridges for

both doors to really speed up passenger loading and unloading. There must be

*something* someone could do!

In all seriousness: time and time again we are amazed to discover that quite

a few people in the industry have never heard of WheelTug despite repeated

coverage from the New York Times blogs to the WSJ to Flight, Aviation Week

and countless other publications. And many of those who *have* heard of it

do not understand what it means.

Yet it remains *very* good news that airlines are thinking about more than

just fuel savings. Just last week, the WSJ had an article on how United is

trying to cut billions from its *non-fuel* costs.

I am sure they'll think of something.

In the meantime, we'll ensure that El Al, Alitalia, Onur, Corendon,

Malaysia, airberlin, Jet, Israir, Malaysia, KLM, Icelandair, Unannounced and

Volaris profit from what seems to escape the notice of the big US carriers.

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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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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(r) 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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Public Information about our Companies and trading platforms:

No improvement in third party reporting of our financial information. You

would think that the financial reporting services would know some shame. If

a shareholder relying on MarketWatch information sells out using the bad

information from MarketWatch would the seller have a claim against

MarketWatch?

Note:

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

Laugh or cry as appropriate.

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Quarterly Financial Reporting

Note that the unaudited financial results for the second quarter of fiscal

2014 ending 30 September 2013 have been posted at www.borealis.gi

http://www.borealis.com/investor/FY2014/Borealis_Exploration_Limited_Sept_20

13.pdf

We continue to move forward strongly on all the development projects we have

underway.

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Iron Ore Prices

Another Copyrighted article

Fortescue stays bullish on iron ore prices

* BUSINESS SPECTATOR

* DECEMBER 02, 2013 2:36PM

+Description: A Fortescue Metals Group stacker, reclaimer and conveyor

system at Christmas Creek, Australia.

A Fortescue Metals Group stacker, reclaimer and conveyor system at Christmas

Creek, Australia. Source:Supplied

FORTESCUE Metals Group is tipping the iron ore price will sit between US$110

and US$130 a tonne over the next two years.

Fortescue, the world's third biggest iron ore miner, predicts the price

would be highly unlikely to fall below US$100 a tonne in the near term - the

next two to three years.

Speaking at a tour of Fortescue's Kings operations in the Pilbara, chief

financial officer Stephen Pearce said the miner's modelling put the price at

US$110 to US$130 in the near term.

The estimate is in line with some analysts' forecasts. UBS recently raised

its rating on Fortescue to buy from neutral, on the current strength of iron

ore prices.

"With the iron ore price expected to average above $US100 a tonne out to the

end of 2015 and the success of Fortescue in obtaining pre-payments for sales

and infrastructure access, we now see Fortescue degearing comfortably and

the market likely to ascribe a higher multiple to its earnings," UBS

analysts said.

However, Credit Suisse is forecasting that iron ore prices will fall to

$US115 by the end of the year and slide to $US90 by the end of next year.