This communication is confidential. The contents are not to be reproduced or distributed to the public or press. The information contained herein, while obtained from sources which are believed to be reliable, is not guaranteed as to its accuracy or completeness and confers no right to investors. Except where otherwise noted, statements regarding historical fact and statements regarding industry and market trends and forecasts are based on information obtained from publicly available third party sources of such information. Elixir has not undertaken any independent verification of any such third party information.

This communication should not be considered as the giving of investment advice by Elixir or any of its shareholders, directors, officers, agents, employees or advisors. Each party to whom this communication is made available must make its own independent assessment of Elixir after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumption and each recipient should satisfy itself in relation to such matters.

This communication does not constitute, of form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in Elixir, nor shall it, or the fact of its communication, form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. No securities regulatory authority in Canada or the United States has passed upon the securities described herein or reviewed this communication.

This communication is not a prospectus or offering memorandum.