April 6, 2011 (Wadena, Saskatchewan)

The Board of Directors of North East Terminal Ltd. (“NET”) announced that at a special meeting of shareholders of NET held on April 6,

2011 the shareholders approved the sale of substantially all of NET’s assets (the “Proposed

Transaction”) to Richardson International Limited (“Richardson”) pursuant to the terms of an

asset purchase agreement dated effective March 9, 2011 between NET and Richardson (the

“Asset Purchase Agreement”).

The purpose of the Proposed Transaction is to dispose of all substantially all of the assets of

NET and distribute the sale proceeds to shareholders, after payment of NET’s outstanding

liabilities. The Proposed Transaction is scheduled to close on April 13, 2011, provided certain

conditions set forth in the Asset Purchase Agreement are satisfied on or before that date.

Ultimately, management of NET is proposing that NET will be wound-up and dissolved. The

dissolution of NET would have to be approved by the shareholders of NET at a later date.

Additional details of the Proposed Transaction can be found in the information circular of

NET dated March 9, 2011 and in the Asset Purchase Agreement, copies of which have been

filed on www.sedar.com .

Founded in 1991, North East Terminal is a widely held, producer-owned agri-business, with

its head office located in Wadena, Saskatchewan. North East Terminal operates a 38,000 mt

inland grain terminal at Wadena, SK, and retails fertilizer (dry, liquid, & NH3), chemical,

and seed products at Wadena, Kelvington, Foam Lake, and Ponass Lake.

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