Privacy Policy

Personal Information

Laricina Energy Ltd. (“ Laricina”) is committed to protecting the privacy of the personal information collected, used and disclosed in the conduct of its business and accordingly has established this privacy policy (this “Policy”) in that regard.

Personal information means information about an identifiable individual, except business title and business contact information when used or disclosed for business communications, and includes information about prospective, present or former employees and external parties such as landowners and other individuals.

Enforcement

It is Laricina’s policy to comply with the privacy legislation within each jurisdiction in which it operates. Sometimes the privacy legislation and / or an individual’s right to privacy are different from one jurisdiction to another. This Policy covers only those activities that are subject to the provisions of Canada’s federal and provincial privacy laws, as applicable.

Consent

Laricina will endeavour to obtain express, deemed or implied consent of individuals, except where otherwise permitted by law, to collect, use and disclose personal information for reasonable business purposes.  To the extent that your consent is required, Laricina will assume, unless you advise otherwise, that you have consented to Laricina collecting, using and disclosing your personal information for the purposes stated in this policy (including any other purposes stated or reasonably implied at the time such personal information was provided to Laricina).

External Stakeholder Information

In general, the personal information about external parties is collected, used and disclosed for the purposes of:

• Providing information about Laricina and its operation to external parties;
• Managing and administering contracts with external parties;
• Managing Laricina’s relationship with and providing for the safety of external parties;
• Meeting any legal or regulatory requirement or obligation;
• Facilitating participation in Laricina events; and
• Other reasonable purposes consistent with Laricina’s business objectives.

For example, Laricina may collect personal information about individuals including landowners, leaseholders, residents and royalty holders for purposes such as:

• Administration – to execute agreements, facilitate payments and file land registry requirements;
• Safety – Emergency Response Plans;
• Legal compliance – as required by law or regulation (for example EUB, environmental and Government regulations);
• Development – to manage and foster relationships necessary to conduct business; and
• External stakeholder considerations that are reasonably necessary and / or required.

Protection of Information

Laricina will endeavour to ensure that personal information is protected by reasonable security safeguards that are appropriate to the sensitivity level of the information and that personal information is only retained for the period of time as outlined in any retention and disposal guidelines established by Laricina from time to time, or as required for statutory or other legal purposes. Upon request, and subject to legal requirements, individuals will be granted the reasonable right of access to and review of their personal information.

Privacy Officer

In order to ensure compliance with this Policy and privacy legislation, Laricina has appointed the VP Finance and Controller as the Privacy Officer for the Company. The Privacy Officer is responsible for ensuring compliance with the law and this policy and responding to any questions or concerns. You may address any questions or concerns about our compliance with this policy or concerning your personal information by contacting Laricina’s Privacy Officer.

Laricina Energy Ltd.
Privacy Officer: Karen Lillejord, VP Finance and Controller
Email: karen.lillejord@laricinaenergy.com
Phone:  1-403-750-0817
Main office number: 1-403-750-0810

This version of Laricina Energy Ltd.’s Privacy Policy has had certain purely internal matters removed. The Privacy Policy has been approved by the Board of Directors of Laricina Energy Ltd. and is effective March 20, 2006.