Gold Canyon Golf Resort & Spa

Greatest Investment and Development Opportunity in Arizona Today….

Gold Canyon Golf Resort & Spa • 367 Total Acres in the Path of Growth

• 67 Acres in 6 Separate Parcels Developable (possibly more)

Developable Land Valued @ approximately $37M.

Casita conversions would net approximately $5M.

One Townhouse Parcel @ Final Plat

One Parcel Conceptually Planned Townhouses & Commercial

• Resort Has a Positive Cash Flow: $1.5M in 2014 after management fees and owner distributions, with $300K spent on improvements Resort component worth $15M @ 10 CAP. (Financials Available)

• A Growth Area with a Shortage of Housing for High Paying Jobs

• Pinal County Developer Friendly

• Not in A Municipality or incorporated area…………….

The Opportunity

• Gold Canyon is the closest development land to the Resolution Copper Mine in Superior, AZ. This world class project alone, could drive all of the Gold Canyon Resort’s Development and Potential Growth!!!!!

• Purchase a 357 Acre Positive Cash Flowing Resort in one of the most gorgeous and active development areas Pinal County (Not Incorporated).

• Master Plan, Develop, Joint Venture, Convert, and/or Sell Off 67 acres in 6 parcels, of strategically located prime Commercial, Residential, Multi-Family, and/or Hospitality land located at the resort. Build a nationally branded hotel.

• Nearby Mesa’s DMB EastMark Project was named #8 in home sales for 1st half of 2015 in US and has landed the new Apple Manufacturing Plant. Next to DMB, Phoenix/Mesa Gateway Airport is expanding Air, Education, Commercial, Industrial, & Residential Developments.

2-18 Hole Championship Golf Courses,

Hotel: 90 Casitas Conference & Banquet

Facilities, Restaurants, Bars, & SPA

Dinosaur Mt. Golf Course, Hole #5 @ the Tee Box (The Superstition Mountains the background)

Practice Putting Green by 1st Tee, Dinosaur Mt. Course (One of the Hotel’s Casitas overlooking the green) The land on either side and behind this casita is part of development parcel “C”.

Dinosaur Mt. Course: Tee Box, Hole #4, Superstition Mountains in the Background

The Land and Views are Unsurpassed in Beauty

13th Green on Dinosaur Mountain Course, Superstition Mountains in the background

Exclusive homes overlooking the Golf Course & Green

Development Opportunities: 6 Parcels that equal 67 Acres-

One 7 Acre Townhouse Site @ Final Plat-

16 Acre Parcel @ Entrance Conceptually

Planned for 93 Townhouses & Commercial

Redevelopment Opportunities

Development Joint Ventures A Possibility For Both Multifamily and Hospitality

Hole #3, Dinosaur Mountain Course Superstition Mountains in the Background

1st Tee, Sidewinder Course (Land left of the lake is the Cholla Ridge Townhouse Development Site)

Development Options Hotel and Conference Center

Apartments & Townhouses

Commercial Development

Custom Lots & Offices

Casita Conversions

Tee Box Hole # 14 Dinosaur Mountain Course

Hole #15 Green & Fairway, Dinosaur Mountain Course

Pinal County Area Growth

Resolution Copper

N/S Freeway

DMB EastMark

Gateway Airport & Freeway

Superstition Vistas

Phoenix Mart

Red Rock Rail Yard

Proposed Pinal Parks

View from Hole #15 Tee, Dinosaur Mountain Course

Looking NW at the Superstition Mountains

& Superstition Mountain Exclusive Development

1st Tee, Dinosaur Mountain Course, (Land on the right of the fairway is part of Parcel C of Development Land)

The hillside between golf course fairway and the large house on the hillside is part of the 25 acre Parcel “B”.

One of the Casitas with Dinosaur Mountain in the Background

The Yellow Heavy Equipment on the hillside is located on Development Parcel “F”, Cholla Ridge, a 46 Unit Townhouse Project

Parcel “B” 25 Acres

Parcel “D” 4 Acres Parcel “A” 17 Acres

Parcel “C” 10 Acres

Parcel “E” 5 Acres Parcel “F” 6.5 Acres

GCGR Development Parcels 67 Acres of Potential Development

Resort Headquarters

Kings Ranch Road (Main Arterial)

Parcel “A” Plan for 93 Townhouses and 16,000 SF of Commercial Development

Gold Canyon Golf Courses & Communities

Gold Canyon Golf Resort (Gold Canyon Population 10,000) • Dinosaur Mt. Course: Award Winning & World Wide Attraction

• Sidewinder Course also Award Winning

• Golf Courses total water costs @ $160K/year V.S. $1M in Phoenix & Scottsdale

• All 6 development opportunities @ GCGR are on the golf courses & 2 are on Kings Ranch Road

• 64,000 Annual Rounds of Golf Played @ Gold Canyon Golf Resort

Superstition Mountain Development in Gold Canyon

• Courses are private, Affluent & Exclusive Neighborhoods, Custom Lots

Mountain Brooke Village @ Gold Canyon (Shea Homes & UDC Homes)

• Golf Course Open to the Public Developments Sold Out Age Restricted

Peralta Trails in Gold Canyon (Del Webb) Development Sold Out

Resolution Copper: The Driving Force of the Area • The Largest Copper Mine in the World @ Superior, AZ (23 miles from Gold Canyon)

• $61.4 Billion Projected Economic Impact to the Area

• Development Phase to Have 3,700 High Income Direct Employees and

200 Separate Subcontractors On the Project.

• Mine in Development Phase

• US Land Swap Bill Passed in the House & Congress in 2014

• Superior, AZ is Landlocked: No Housing or Development Land is Available. Gold Canyon is

the closest development land. No Nationally Branded Hotels or Conference Facilities are

available locally.

Daily Visitors to the mine site, from around the world will include, but are not limited to:

Mining Engineers, Metallurgists, Mine Owners, Geologists, Drillers, Heavy & Mining Equipment

Companies, Electricians, Government Representatives and Inspectors, Environmentalists, Indian Tribes, Mechanics, Steel Companies, Shaft Miners, Contractors, Steel workers,

Pipefitters, and many more! Where are they going to stay, eat and conference & live?

Phoenix Area Multifamily Comparable Sales • Recent Phoenix Area Multifamily Land Sales (25 Sales)

• Average Parcel Size: 10.77 Acres

• Average Sq. Ft. Price: $12.71 ($560,471 per acre)

• Average Total Parcel Price: $5,075,408.

• If just the area comparable sales prices were applied to the Gold Canyon Multifamily Development Parcels, (67 Acres) just the 6 parcels would be worth:

$36,990,000.

Gold Canyon Recent Townhouse Sales

Average Size SF: 1,824 Average Price per SF: $145.8

Average Price Per Unit: $265,532. Average Age of Unit: 11.73 Yrs.

Note: The newest townhouses in Gold Canyon were built in 2005

This does not include sales in Superstition Mt. where the

average price of a townhouse was $607,000.

Why Gold Canyon: 1. Resort Earnings

2. Pristine Conditions & Quality of the Golf Courses

3. Water Costs for the Golf Courses

4. Quality & Scarcity of area Development Lands

5. Area Growth (DMB/Gateway Airport/Other)

6. Resolution Copper & Pre-made Market

7. Development Opportunities & Conversions

8. Development Land Values

9. Opportunity to bring in a Nationally Branded Hotel

Consideration & Terms • Resort Listed for Sale for: $34,300,000.

• Resort NOI @ 10 CAP: $15,000,000.

• Development Land Multifamily Comps: $36,900,000.

• Casita Conversions Return: $5,000,000.

• Total $56,900,000.

• Down Payment & Terms would be considered for the right buyer.

• Numerous Qualified Groups have requested buying specific parcels or just the resort. (Written Offers were presented)

• Professional Developers in Hospitality & Multifamily have requested joint venture developments.

• Current Owners are wealthy Canadian Oil Partners that have owned the resort for 15 years. Now that the economy is recovering, they are prepared to sell. Some owners have already retired or passed away.

Confidential Offering & Contact Information

THIS IS A CONFIDENTIAL OFFERING PACKAGE intended solely for your limited use in considering whether to pursue negotiations to acquire Gold

Canyon Golf Resort & Spa located in Gold Canyon, Arizona. (The “Property”).

The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely

responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, expressed or

implied, is being made by agent Ray B. Christian, AZ Enterprises, or any of their respective representatives, affiliates, officers, employees, partners and

directors, as to the accuracy or completeness of the information contained herein nor does it purport to be all-inclusive or to contain all of the information

which prospective investors may need or desire.

All projections are based upon assumptions relating to the general economy, competition and other factors beyond Seller or Agent’s control which, therefore,

make the contents of same subject to variation. It is expected that the prospective investors will make their own projections as to income and expense based on

their independent due diligence. No representation is made by Agent or Seller as to the accuracy or completeness of the information contained herein, and

nothing herein is, or shall be, relied on as a promise or representation as to the future performance of the Property. Seller, its agents and employees disclaim any

responsibility for Inaccuracies in the enclosed materials and suggest prospective purchasers exercise independent due diligence in verifying all such information.

Further, Agent, Seller, its agents and employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for

omissions from the enclosed materials or in any other written or oral communications transmitted or made available to Purchaser by Seller.

The information provided herein and which may hereafter be provided with respect to the property being marketed was obtained from a variety of sources. Neither Seller nor Ray B. Christian, Agent, Donna Bolin, Broker have made any independent investigation or verification of the information presented or to be presented with respect to the property or other materials made available to Purchaser. Seller and Ray B. Christian, Agent, Donna Bolin, Broker make no representations or warranties as to the accuracy or completeness of such information. Recipient acknowledges that it will solely rely upon the results of its own investigations notwithstanding the delivery of these materials. The prospective investor will be selected by Owner in its sole and absolute discretion. All offers must be presented in writing and include the terms of the offer and the sources of the purchaser’s capital (equity or debt). The Property is being sold on an “As-is, Where-Is” Basis.