CleanEnergy Developments Corp.Company Overview

January 2013

Agenda• Overview of your CleanEnergy

• What is Geoexchange/geothermal energy?

• Overview of CleanEnergy’s projects

• Detail on some large recent projects

About CLEANENERGY

• Wholly owned subsidiary of Bellair Ventures Inc.

• Designs and installs cost effective sustainable thermal energy solutions for its

users.

• 10 year old company ­ executed over 2,100 Geoexchange heating and cooling

projects across Canada

• Leaders in R&D – multiple research projects with Universities

• Provides building owners, managers and developers a risk­managed solution with

the ability to self­finance or provide a utility model for long­term thermal energy

contracts.

We are transforming sustainable energy technologies from ideas into actuality.

About BellairBellair Ventures Inc. is publically traded on the Toronto Venture Exchange under the symbol TSX­V:BVI

Bellair Corporate strategy is to be the leading provider of sustainable infrastructure solutions and services

Expertise and core competencies in:

• Alternative Energy solutions and building sustainable designs

• Providing end to end life cycle solutions

• Engineering expertise in sustainable Design Build solutions for the Energy / Mechanical and efficiency solutions

• Offering services and maintenance solutions to support and offer follow on services including 3rd

party commissioning, reviews etc.

• Broader revenue platform to attract capital to fund the Growth Platform of Sustainable Energy Design Build platform (Clean Energy)

Bellair Ventures Inc. has recently acquired Urban Mechanical Contracting

“The coolest thing about geoexchange systems is that it's not a new technology. These systems have been around for decades, and the technology is proven, robust and only getting better.” -The Pembina Institute

What is Geoexchange?Geoexchange is the process of utilizing heat from the earth to heat and cool buildings and homes.

• Hybrid systems include both traditional HVAC and geothermal

• Hybrid can enhance project economics• Building load balancing• Can have a large reduction in first cost• Reduction in maintenance cost• Designed strategically not for

redundancy!!!

Hybrid Geoexchange

CLEANENERGY ScopeTechnology Services

• Feasibility studies

• Energy modelling

• Mechanical design

• Design optimization

Equipment

• Heat pumps

• Radiant panels

Complete Thermal Systems

• Design build GeoExchange

• GeoExchange systems to specification

• Hybrid Integrated thermal technologies

Commissioning

• Measurement & Verification

• Post commissioning

Recent Projects

• Calgary Airport – 700 boreholes to 600’ deep providing

35% of heating and cooling to new terminal and piers

• Waypoint Centre Hospital – 120 borehole ground loop

• Delta, BC schools – geoexchange retrofit – started first

two schools of planned 200

• Seniors Home in London, ON – design build

geoexchange system

CleanEnergy’s Calgary

Airport project is the

largest geothermal

system in Canada with

over 15 Km of vertical

ground loop

Case Study - Commercial

Sources:Fossil Fuel Capital – RSL high efficiency furnace and air conditioner including complete installation.Repair, Replacement and Maintenance – ASHRAE standardGas forecast – Sproule Associates Jan 2010Power forecast – EDC Associates Jan 2010

Metric Geoexchange Natural Gas Savings

Initial System Capital $12.4MM $11MM ($1.4MM)

Repair, Replacement and Maintenance Costs

$4.1MM $14.2MM $10.1MM

Energy Costs $15.9MM $33.1MM $17.1MM

Life Cycle Costs $31.4MM $58.3MM $25.8MM

Geoexchange vs. Natural Gas based on a 30 year life cycle600,000 ft2 - 20 storey - vertical ground loop - commercial building in Toronto, Ontario

• Reduce life cycle costs by 54%• Energy savings of 40%

o ~$550K/year

• Reduce carbon footprint by 70%o ~3,000 tons/year

The most reliable energy resource on earth, and it’s right under your feet. Geothermal.

Canada’s sustainable thermal energy provider.

Robert van Duynhoven, P.Eng, LEED GA254 Attwell Drive

Toronto, ON

416-951-5283

r.vanduynhoven@cleanenergy.ca