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COVID-19 Response

PFM has been carefully managing and adapting to the outbreak of coronavirus (COVID-19). We are currently working to ensure the health of our people, our clients and our larger community. This includes policies on meetings, events and travel that evolve as circumstances change.

Following provincial guidelines, as of March 23, 2020, our office will be officially closed, with all employees working remotely. At this time, we do not expect any interruption of regular work for our office. Most tasks can be done remotely and our level of service should not decline. Please continue to remit payments and/or submit invoices in the usual manner.

The office will reopen when deemed safe to do so by the provincial government and health authorities. In the interim, if you need to get in contact, please call the office at 306-791-4855.

TC Energy Invests in Alberta Pumped Hydro Energy Storage Project

May 20th, 2020

CALGARYMay 20, 2020 /PRNewswire/ – WindRiver Power Corporation is pleased to announce that TC Energy Corporation has closed an equity investment in Turning Point Generation (“TPG”), a WindRiver subsidiary. TPG is the developer and 100 per cent owner of the Canyon Creek Project, a planned pumped hydro energy storage facility to be located near Hinton, Alberta.

“We are excited to be joined by TC Energy in advancing the Canyon Creek Project to its commencement of construction, which we anticipate by year’s end”, said Kipp Horton, President & CEO of WindRiver. “TC Energy’s outstanding reputation, financial strength and intimate working knowledge of the Alberta electricity market make it an ideal complement to WindRiver’s expertise in hydro plant construction and operation.”

“We are looking forward to working with TPG and adding the Canyon Creek Project to our growing portfolio of energy storage prospects”, says François Poirier, Chief Operating Officer and President, Power & Storage and Mexico. “We believe that large-scale, long-duration and strategically-sited energy storage is the key to unlocking the full potential of renewable energy and moving towards a lower carbon footprint in Alberta’s electricity grid.”

The Canyon Creek Project

The Canyon Creek Project will have initial generating capacity of 75 MW (expandable through future development to 400 MW) and utilizes existing site infrastructure from a decommissioned open pit coal mine. The 75 MW facility will provide up to 37 hours of on-demand, flexible, clean energy and ancillary services to the Alberta electricity grid. The closed-loop, off-stream design of the facility will significantly reduce any potential adverse environmental impacts to Alberta’s natural river courses. The Canyon Creek Project has received the approval of the Alberta Utilities Commission and the required approval of the Alberta Government for hydro projects under the Canyon Creek Hydro Development Act, passed with bi-partisan support by the Alberta Legislature.  More information can be found at www.turningpointgeneration.ca

About TC Energy

We are a vital part of everyday life – delivering the energy millions of people rely on to power their lives in a sustainable way. Thanks to a safe, reliable network of natural gas and crude oil pipelines, along with power generation and storage facilities, wherever life happens – we’re there. Guided by our core values of safety, responsibility, collaboration and integrity, our more than 7,300 people make a positive difference in the communities where we operate across Canada, the U.S. and Mexico. TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP.

About WindRiver Power

WindRiver Power is engaged in the development, ownership and operation of renewable energy projects in Western Canada and internationally, with a focus on run-of-river hydro, wind generation and, through TPG, pumped hydro energy storage.

SOURCE WindRiver Power Corporation

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Through its affiliation with the fund managers PFM Fund Operations, PFM Venture Capital, Prairie Ventures GP, TopSoil Farm Land Management, and TopSoil Farm Land Management (II), and doing business as PFM Capital ("PFM Capital" or "PFM"), PFM is a leading private equity investment firm in Saskatchewan. Founded in 1989 as a corporate finance company, PFM has been managing private equity and venture capital funds since 1993. This website does not represent an offering of securities. The information disclosed is incomplete and can be qualified in its entirety by each fund's most recent offering document or limited partnership agreement, obtainable free of charge by contacting PFM Capital Inc. The securities described herein are only available to eligible investors in Canada in accordance with applicable securities laws. Legal

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