FOR IMMEDIATE RELEASE Tuesday, September 29, 2015 TRUE NORTH ISSUES STATEMENT RE: MBLL NEW HEADQUARTERS ANNOUNCEMENT True North Sports & Entertainment Limited today issued the following statement with regards to the announcement today by Manitoba Liquor & Lotteries to move their headquarters to 223 Kennedy Street: “This is a significant announcement for Manitoba Liquor & Lotteries. True North Sports & Entertainment Limited will continue to work with MBLL and the Province of Manitoba in order to advance any and all opportunities we may have together within the SHED for the development and expansion of True North Square and downtown Winnipeg. We will continue to move forward with our development planning for True North Square. We are in advanced discussions with office and retail tenants and have also already identified our hotel developer and investor partner. We remain committed as an organization to a bright future for our city and the ongoing opportunities for True North and its partners to invest in Winnipeg, its people, its commercial infrastructure and our collective future together in our home town. As is our practice, any further announcements by True North will come in due course. Thank you very much.” #####