On April 9, 2009, the plan of arrangement involving TUSK Energy Corporation, its shareholders and Polar Star Canadian Oil and Gas, Inc. was completed, whereby Polar Star acquired all of the outstanding shares of TUSK for $2.15 per share. TUSK and Polar Star were amalgamated immediately thereafter and continued under the Polar Star name.

The shares of TUSK were de-listed from the Toronto Stock Exchange on April 15, 2009.

PLAN OF ARRANGEMENT involving
TUSK ENERGY CORPORATION and
POLAR STAR CANADIAN OIL AND GAS, INC.
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