Investment Portfolio

Wild Horse Group
TriNorth invested in Wild Horse Group as part of a $7.5 million private placement financing in June 2008. Wild Horse Group is consolidating farmland and intends to be one of Canada's largest owners and operators of irrigated farmland in Saskatchewan. The Company's principal business activities focus on acquiring land rights through leases or earn-in agreements to irrigated and dry (with the intention to irrigate) arable farmland in the Lake Diefenbaker area and participation in crop production. Saskatchewan is a globally important source of high yielding farmland, with the province representing approximately 50% of Canada's total production of wheat and canola. It is anticipated that Wild Horse Group will go public before the end of 2009.

Feronia Inc.
Founded in 2008 by Trinorth Capital Inc., Feronia was established to explore opportunities to acquire and consolidate farm land and operations in Africa with the objective of bringing them back into production using modern agricultural techniques and practices. Agricultural production from Feronia's plantations and facilities will contribute to local food supply in regions where the agriculture sector has fallen into decline due to years of turmoil while proceeds from production earmarked for export will contribute to the national economies of the countries in which Feronia operates. Feronia is currently exploring opportunities in a number of African countries including Uganda, the Democratic Republic of Congo and South Africa. www.feronia.com