Mr. Tim Taylor reports

MOSAIC CAPITAL CORPORATION FILES FINAL BASE-SHELF PROSPECTUS

Mosaic Capital Corp. has filed, and received a receipt for, a final short-form base-shelf prospectus. The prospectus was filed with securities regulatory authorities in each of the provinces of Canada except Quebec. The prospectus was filed to provide Mosaic with financial flexibility and efficient access to Canadian capital markets. A copy of the prospectus is available under Mosaic's profile on SEDAR. The prospectus is valid for a 25-month period during which time Mosaic may, from time to time, issue common shares, preferred shares, warrants, preferred securities, debt securities, subscription receipts and units, or any combination thereof, having an aggregate offering price up to $200-million. Securities may be offered for sale separately or in combination with one or more other securities and may be sold from time to time in one or more transactions at a fixed price or prices or on a non-fixed-price basis. Mosaic may offer and sell the securities to or through underwriters or dealers purchasing as principals, and may also sell directly to one or more purchasers, through agents or pursuant to applicable statutory exemptions. The specific terms of any offering of securities will be described in one or more shelf prospectus supplements, which will be filed with the applicable securities regulatory authorities at the time of the offering of such securities.

We seek Safe Harbor.