Dated; June 14, 2005

The Oak island Tourism Society directors met Tuesday, June14, 2005 at the Oak Island Resort, Spa and Convention Center with five directors present and invited guest/member Gordon Phillips.

Chairman Jim Barkhouse called the meeting to order at 7:00 P.M.

The purpose of the meeting was to discuss the direction of moving forward with Phase II of the society’s feasibility study.

Discussion was held on the various challenges facing the society and it was decided a meeting between, land owner Dan Blankenship, Danny Hennigar and Gordon Phillips would be arranged. The meeting will be a working lunch at the Oak Island Resort to be arranged by Danny Hennigar. The cost of the lunch will be covered by the Oak Island Tourism Society. Gordon Phillips and Danny Hennigar will present possible options/scenarios the society may or may not pursue. These options may be of interest to Mr. Blankenship’s mandate for Oak Island development. The directors are cautiously optimistic Mr. Blankenship will be agreeable to the options put forward and look forward to working with him to further make the mandate of the society a reality.

Danny Hennigar reported on the progress of a lobster supper on the eve of Explore Oak Island Day slated for August 13 and 14, 2005. Details are being worked on with event coordinator Kathy Langille of the Oak Island Resort.

Discussion on a “Pirates Ball” costumed dinner/dance was discussed. Danny Hennigar made contact with Kathy Langille; events’ coordinator at the Oak Island Resort. There are no weekend times available during the 2005 season. There has been discussion of holding a Pirates theme week end event early in the 2006 season. The details are to be worked out with the resort and will be reported upon as they become clear.

Meeting was adjourned at 8:15 P.M.