No securities commission, stock exchange or similar governmental or regulatory body outside of Canada has reviewed, passed on or made any determination as to the merits of an investment in units of BMG BullionFund (the Fund).

Class G Units of the Fund, denominated in US dollars, are available to investors resident in a jurisdiction outside of Canada and the United States of America (the “International Jurisdiction”) only on the basis of reliance upon the exemptions under or the non-applicability of the securities laws of the International Jurisdiction. It is the responsibility of international investors to be knowledgeable of, or to be independently advised as to, the applicable securities laws of the International Jurisdiction which apply to them, if any. Each investor will be required to execute a Subscription Agreement providing for, among other things, the investor’s warranties that:

1. it is purchasing the Units either pursuant to exemptions from the prospectus and registration requirements under the applicable securities legislation of that International Jurisdiction, or the subscriber is permitted to purchase the Units under the applicable securities laws of the International Jurisdiction without the need to rely on exemptions,
2. the applicable securities laws of the International Jurisdiction do not require the Manager to make any filings or seek any approvals of any kind whatsoever from any regulatory authority of any kind whatsoever in the International Jurisdiction, and
3. the subscriber will, if requested by the Manager, deliver to the Manager a certificate or opinion of local counsel from the International Jurisdiction in confirmation of the matters referred to in subparagraphs (i) and (ii) above to the satisfaction of the Manager, acting reasonably.

If you are an International Investor that is exempt from securities laws of your jurisdiction or securities laws are not applicable, please contact the Manager International Investor Relations, at intlsales@bmgbullion.com.