Auditors’ Report Chartered Accountants Vancouver, British Columbia February 13, 2003 (except as to note 11(a), which is as of February 28, 2003) In our opinion, these financial statements present fairly, in all material respects, the financial position of the Company as at December 31, 2002 and 2001 and the results of its operations and its cash flows for the years then ended in accordance with Canadian generally accepted accounting principles. As required by the British Columbia Company Act, we report that, in our opinion, these principles have been applied on a consistent basis. We conducted our audits in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We have audited the balance sheets of Westshore Terminals Ltd. as at December 31, 2002 and 2001 and the statements of earnings and deficit and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits. To the Shareholder of Westshore Terminals Lid. df. Westshore Terminals Ltd. Financial Reporting 17 Yreınaterheuntenpav [LP