Notice from the Office of the Secretary: In the Matter of Global Energy Group, Ltd. et al.

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

- AND -

IN THE MATTER OF GLOBAL ENERGY GROUP, LTD., NEW GOLD LIMITED
PARTNERSHIPS, CHRISTINA HARPER, VADIM TSATSKIN, MICHAEL
SCHAUMER, ELLIOT FEDER, ODED PASTERNAK, ALAN SILVERSTEIN,
HERBERT GROBERMAN, ALLAN WALKER, PETER ROBINSON, VYACHESLAV
BRIKMAN, NIKOLA BAJOVSKI, BRUCE COHEN and ANDREW SHIFF

TORONTO – Following the hearing on the merits in the above noted matter, the Commission issued its Reasons and Decision.

The Commission also issued an Order which provides that (1) the parties shall appear before the Commission on January 15, 2013, at 3:00 p.m. at the offices of ASAP Reporting Services Inc., Bay Adelaide Centre, 333 Bay Street, Suite 900, Toronto, ON, for the purpose of scheduling dates for a sanctions and costs hearing; and (2) for the sake of clarity, the Temporary Order, as it pertains to Global Energy, New Gold, Tsatskin, Harper, Groberman, Bajovski, Cohen and Shiff is extended until the conclusion of the sanctions and costs hearing.

A copy of the Reasons and Decision and the Order dated December 21, 2012 are available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY