Mr. Gregory Chamandy of Oxbridge reports

The Oxbridge Group Inc., an entity wholly owned by Gregory H. Chamandy, has acquired 7.9 million common shares, 750,000-common-share options and 125,000 common share purchase warrants of Liquid Nutrition Group Inc. and 4,020,854 common shares of Richmont Mines Inc. by way of transfer from Oxbridge Bank & Trust SCC. Each Liquid Nutrition common share option entitles the holder to acquire one additional common share of Liquid Nutrition at a price of $1.00 until May 13, 2021. Each common share purchase warrant entitles the holder to acquire one additional common share of Liquid Nutrition at a price of $1.50 until May 13, 2016.

Oxbridge Bank is an indirect wholly owned subsidiary of Oxbridge. They are both part of a group of companies wholly owned and controlled by Mr. Chamandy. In the context of a reorganization of such group of companies, Oxbridge Bank will be wound up and therefore transferred the aforementioned Liquid Nutrition securities to Oxbridge on Sept. 30, 2014. There was no consideration exchanged for the transfer of such securities. No agreements were entered into for such transfer, which occurred by way of private transaction.

Immediately following the transfer, Mr. Chamandy indirectly owns, through Oxbridge, 7.9 million common shares of Liquid Nutrition, representing approximately 44.7 per cent of issued and outstanding common shares, as well as 750,000 common share options and 125,000 common share purchase warrants of Liquid Nutrition. Assuming the exercise of all of the aforementioned stock options and warrants, he would own a total of 8,775,000 common shares, representing approximately 47.3 per cent of the Liquid Nutrition common shares that would then be issued and outstanding.

With regard to Richmont Mines, immediately following the transfer, Mr. Chamandy owns 961,805 common shares directly and 4,020,854 common shares indirectly through Oxbridge and controls 33,704 common shares held by his spouse, Chantal Condoroussis, representing in the aggregate 5,016,363 common shares which is approximately 10.47 per cent of issued and outstanding common shares. He also directly owns 532,000 common share options of Richmont Mines. Assuming the exercise of all of the aforementioned Richmont Mines stock options, he would own or control a total of 5,548,363 common shares, representing approximately 11.45 per cent of the Richmont Mines common shares that would then be issued and outstanding.

The holdings of both Mr. Chamandy and Oxbridge in securities of Liquid Nutrition and Richmont Mines may be increased or decreased in the future, as the case may be.