Navigator Exploration Corp. - ss. 83.1(1)

IN THE MATTER OF

THE SECURITIES ACT

R.S.O 1990, CHAPTER S.5, AS AMENDED (the "Act")

AND

IN THE MATTER OF

NAVIGATOR EXPLORATION CORP.

ORDER

(Subsection 83.1(1))

UPON the application of Navigator Exploration Corp. ("Navigator") for an order pursuant to subsection 83.1(1)of the Act deeming Navigator to be a reporting issuer for the purposes of Ontario securities law;

AND UPON considering the application and the recommendation of the staff of the Commission;

AND UPON Navigator representing to the Commission as follows:

1. Navigator is a corporation incorporated under the Business Corporations Act (Alberta) (the "ABCA") onSeptember 3, 1996.

2. Navigator's head office is located at Suite 1300 - 409 Granville Street, Vancouver, British Columbia, V6C 1T2.

3. The authorized share capital of Navigator consists of an unlimited number of common shares of which,19,065,402 common shares are issued and outstanding as of December 31, 2000, and an unlimited numberof preferred shares issuable in series, of which, no series has been authorized and none is issued andoutstanding as of December 31, 2000.

4. As of December 31, 2000, Navigator had registered shareholders whose last address on the Company'sregister of shareholders was in Ontario who collectively held 3,709,090 common shares of the Company orapproximately 19.45%, excluding shares held by CDS & Co.

5. Navigator has been a reporting issuer under the Securities Act (Alberta) (the "Alberta Act") since November13, 1997 and became a reporting issuer under the Securities Act (British Columbia) (the "BC Act") onNovember 26, 1999 as a result of the merger of the Vancouver Stock Exchange and the Alberta StockExchange to form the Canadian Venture Exchange ("CDNX"). Navigator is not in default of any requirementsof the BC Act or the Alberta Act.

6. Navigator is not a reporting issuer or public company under the securities legislation of any other jurisdictionin Canada.

7. The continuous disclosure requirements of the BC Act and the Alberta Act are substantially the same as therequirements under the Act.

8. The continuous disclosure materials filed by Navigator under the Alberta Act since November 1997 and underthe BC Act since November 1999 are available on the System for Electronic Document Analysis and Retrieval.

9. The common shares of Navigator are listed on the CDNX.

AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;

IT IS HEREBY ORDERED pursuant to subsection 83.1(1) of the Act that Navigator be deemed a reportingissuer for the purpose of the Act.

March 9th, 2001.

Howard I. Wetston, R. Stephen Paddon