Formerly:

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Formerly Isis Arctic Char West Virginia Aqua
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West Virginia Salmon Trout

• Dave Russell
• Senior Vice President Product Development,
  MariCal Inc
• Operations Manager
• Virginia Cobia Farms

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Blue Ridge AquacultureMartinsville VA

• Acquired 70 Stake in WV Aqua/ Isis Arctic Char
  in January 2008
• Remaining 30 retained by former owners
• MariCal Inc. of Portland Maine contracted for
  interim management and transitioning of facility
  to trout and salmon production

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4 million lbs of tilapia per year
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MariCal An Animal Health and Nutrition Company
Founded 1996 Portland ME 28 Full Time
Employees in 4 Countries SuperSmolt- Over 100
million smolt produced with technology to date
for Global Salmon Farming Industry Marine Fish
in Low Salinity- VCF Bio-fouling Terrestrial
RD Efforts -swine, cattle, and poultry
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MariCal Recirc Experience

• Research lab has multiple RAS systems
• 8 years of research on Trout and Salmon in RAS
  systems
• Incubation/larval rearing
• Freshwater
• Saltwater
• Smolt Production
• Commercial RAS Facility Experience
• Staff has 40 years experience working with RAS
• Facility design operation
• Technology at 25 commercial RAS facilities
  globally
• Egg incubation
• Larval rearing
• Multiple Species
• Salmon
• Trout
• Arctic Char
• Cod
• Tilapia

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Extensive knowledge of all aspects of production
from egg thru harvest due to need to validate and
evaluate our technology
We are not newcomers to Trout and Salmon
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Blue Ridge Vision for the Future500 million lbs
of Seafood Production in one or two centralized
locations

• Diversify Species Portfolio
• Tilapia, Shrimp, Cobia, Salmon and Trout
• Acquire/develop satellite commercial scale RD
  facilities
• Increase production capacities of each site upon
  merits and feasibility of location
• Select one or two locations for large scale
  centralized multi-species production
• West Virginia, Virginia, North Carolina are
  possible locations
• Looking for sites of 500 to over 1000 acres in
  size
• Add feed milling capability
• Byproduct Utilization opportunities for reduced
  production costs and sustainability
• Market positioning
• Eco-friendly, sustainable, safe, and high in
  heart healthy omega-3 fatty acids
• One stop shopping

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Plan is underway

• Large Scale tilapia production exists in
  Martinsville Virginia
• Production being increased by another 10 million
  lbs in 2008
• Satellite facilities for other species
  established
• Cobia- Virginia Cobia Farms
• Shrimp- Virginia Shrimp Farms
• Trout and Salmon- West Virginia Salmon Trout

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Virginia Cobia Farms LLCa joint venture between

• Blue Ridge Aquaculture of Martinsville Virginia,
  the largest tilapia fish farm in the United
  States
• Produces 4 million lbs of fish annually indoors
• MariCal LLC, an International Animal Health and
  Nutrition Company based in Portland Maine with
  broad global aquaculture experience

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s s s

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Virginia Cobia Farms- Pilot facility
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Broodstock tanks at VCF
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West Virginia Salmon Trout

• Arctic char being phased out
• Last of Char will be gone by April
• Trout eggs are now in the hatchery
• Majority of production will be trout
• Will produce pigmented fish of about 4 lbs
• Salmon eggs to arrive soon
• Use of MariCal technology to overcome
  smoltification/de-smoltifications cycles in
  freshwater.
• Use of technology to achieve seawater growth
  rates in fresh water environment

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Thank You