Proceedings

Notice from the
Office of the Secretary

Ontario

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario

FOR IMMEDIATE RELEASE

November 21, 2005


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

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THE MOUNTAIN INN AT RIBBON CREEK LIMITED PARTNERSHIP,

THE LODGE AT KANANASKIS LIMITED PARTNERSHIP,
and JOHN PENNINGTON

TORONTOThe Commission issued an Order approving the settlement agreement between Staff of the Commission and The Mountain Inn at Ribbon Creek Limited Partnership, The Lodge at Kananaskis Limited Partnership and John Pennington.

A copy of the Order and Settlement Agreement is available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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For Investor Inquiries: OSC Contact Centre
(416) 593-8314
1-877-785-1555 (Toll Free)