Notice of Hearing: In the Matter of Global Energy Group, Ltd. and New Gold Limited Partnerships

      WHEREAS on July 10, 2008, the Ontario Securities Commission (the "Commission") issued a temporary cease trade order pursuant to sections 127(1) and 127(5) (the “Temporary Order”) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the "Act") ordering that all trading by Global Energy Group, Ltd. and New Gold Limited Partnerships (“New Gold Partnerships”) and their officers, directors, employees, and/or agents in securities of the New Gold Partnerships shall cease;

      TAKE NOTICE THAT the Commission will hold a hearing pursuant to subsections 127(7) and (8) of the Act at the offices of the Commission, 20 Queen Street West, 17th Floor, Toronto, Ontario commencing on July 23, 2008 at 11:00 a.m., or as soon thereafter as the hearing can be held;

      TO CONSIDER whether it is in the public interest for the Commission:

        1) to extend the Temporary Order pursuant to subsections 127(7) and (8) of the Act until the conclusion of the hearing, or until such further time as considered necessary by the Commission;

        2) to make such further orders as the Commission considers appropriate;

      BY REASON OF the facts recited in the Temporary Order and of such allegations and evidence as counsel may advise and the Commission may permit;

      AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by counsel at the hearing;

      AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to further notice of the proceeding.

      DATED at Toronto this 15^th day of July, 2008.