1. Working on our EA conditions: Our Environmental Assessment (EA) Certificate was approved for Amendment and Extension on January 15, 2021. The Amendment removes the mandated deadline to drill test wells in the Paradise Valley. This will give us time to thoroughly investigate on-mountain water supply options, which we are actively working on now.

The Extension keeps the Certificate valid until January 26, 2026, granting the project 5 more years to complete the EA Certificate requirements and substantially start construction.

2. Strengthening our ties to Squamish Nation: We have been reimagining what partnership with Squamish Nation is, and have given our Squamish Nation team members the floor in imagining what a resort in the heart of their traditional territory could become.

3. Creating a sustainable site plan: We are taking a deeper dive into the infrastructure systems for the resort to ensure that the project is built on a sustainable foundation, including:

• Best practices in water conservation and reclamation

• Transportation: designing for people first, (not cars)

• Development parcel and phasing review: ensuring we focus development in previously logged areas, and make sure parcels support compact walkable, skiable & bikeable village nodes and communities.

4. Integrating our work into the revised Master Plan: As we continue to test, improve and advance different components of the project, we will update correlating sections of the Master Plan to capture and embed our changes. We are really excited about the work we are doing, and can't wait to share the next version of the Master Plan. Look for more information in summer 2022!

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