Unique Business Opportunity offered by New Age Amusements & Resorts
Inc. Represented as a Joint Venture opportunity to convert the former St.
Peters Hospital facility of Melville Saskatchewan to a Seniors Housing
Complex, under the trade name of Rimrock Meadows. As of Nov. 20, 2003
the assessed value is $513,150.00.

PROPERTY DESCRIPTION:

• Six point four acres (6.4) plus a 56, 274 sq. ft. facility

LEGAL DESCRIPTION:

• Plan of Survey of Lot 12, Block 201, Reg'd Plan No. 68Y04981;
  Blocks 85A and 86, Reg'd plan No. V3494
  and Block 114, Reg'd plan No.X3945 (in)
  N.W. 1/4 sec. 28 and S.W. 1/4 Sec. 33-Twp. 22-Rge. 6-W.2.M.

•  56,274 sq. ft. on Four Levels situated on 6.4 acres.

• Potential for 70+ suites - Studios, One and Two Bedroom suites

CONSTRUCTION:

• Masonry construction reinforced concrete footings with concrete slab between floors.  Partial above ground basement, with total of four floors.  Tar and gravel roof.

LAYOUT:

• Four Levels

MECHANICAL:

• Gas fired boiler heating system, back up generator.

INVENTORY/EQUIPMENT:

• List of chattels available upon written request

SPECIAL FEATURES:

• Formerly known as the St. Peters Hospital facility, decommissioned in June of 2002.

• This structurally sound facility would lend itself to a multitude of uses with ample land for future expansion

• Preliminary feasibility highest and best use would lend itself to Seniors housing

LAND/TAXES:

• This strategically located 6.4 acres, is situated amidst a mature residential neighbourhood.

• Disclosure: The present owners have represented to the City Fathers at the time of the original purchase that the highest and best use at that time was envisioned as a future Seniors housing facility.

• Therefore, represented in good faith by the City Fathers that a tax exempt status would apply for three years from the date of completion of the existing facility, to the proposed Seniors Housing complex.