February 2011 Auction NORTH AMERICAN FUR AUCTIONS. Preliminary Sale Offering. Auction Dates: February 17 23, 2011

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tel: +1.416.675.9320 fax: +1.416.675.6865 www.nafa.ca 65 Skyway Ave, Toronto, ON M9W 6C7 Canada February 2011 Auction Preliminary Sale Offering Auction Dates: February 17 23, 2011 Inspection from February 11, 2011

65 Skyway Ave, Toronto, ON M9W 6C7 Canada tel: +1.416.675.9320 fax: +1.416.675.6865 www.nafa.ca January 06, 2011 NAFA cordially invites you to our February 2011 Auction, offering the industry s highest quality mink available anywhere this year and our strongest- ever wild fur collection. Our customary auction information and registration package is enclosed and we encourage you to register as soon as possible. The Preliminary Offering is attached and you will notice that some adjustments have been made to our normal schedule in an effort to accommodate the international fur trade. We have worked diligently with the international trade to work around a timing issue created by the auction scheduled immediately before ours. That auction declined requests to conclude its sale earlier and, because of the Hong Kong Fur Fair, which starts on February 25th, we felt that it was in the best interest of our producers make the following adjustments to our normal schedule: Our sale of mink will now run three days instead of the normal three and a half days and will begin on the second day of our auction, February 18th and may run longer each day; Silver fox, sable and otter will start off this year s auction on the afternoon of February 17th at 1:30pm and the wild fur sale will then continue on February 21st and conclude on the 23rd. This year s auctions will be particularly exceptional because we will be celebrating and offering our enhanced Black NAFA label. This new label highlights and promotes our top producers from Canada and the U.S. NAFA s producers are the most respected in the fur trade and have won countless awards for their superior product and this new enhanced label reflects their status in the industry. Our new Black NAFA label, with the names of our premium producers, will be available at this year s auctions and is something that we are proudly promoting and offering this year. We continue to have excellent corporate rates with hotels within walking distance of the NAFA building. See our hotel information page for details on all the hotels. The NAFA van service from the airport hotels to the auction house will be available each day. Sincerely, Michael Mengar, President & CEO

February 2011 Auction: Dates Auction Dates: February 17 23, 2011 Inspection from February 11, 2011 Total Mink Offered 3 Million Plus The World s Finest and Largest Wild Fur Collection Cdn. Sable: 85,000 Lynx & Lynx Cat: 10,000 Coyote: 62,000 Raccoon: 425,000 Muskrat: 250,000

February 2011 Auction: Preliminary Sale Offering OFFERING 3 Million Ranch Mink Thursday, February 17 th Ranch Fox & Wild Fur 1:30 PM Ranch Silver & Mutation Fox 12,000 Sable 85,000 Otter 7,500 Friday, February 18 th Ranch Mink Sapphire 110,000 Blue Iris 125,000 Violet 10,000 Silverblue 66,000 Pearl 110,000 White 70,000 Pastel 113,000 Unique Mutations 20,000 Sapphire Cross 6,000 Saturday, February 19 th Ranch Mink Demi/Wild Male 395,000 Demi/Wild Female 395,000 Black Male 530,000 Sunday, February 20 th Ranch Mink Mahogany Male 265,000 Black Female 525,000 Mahogany Female 260,000 Monday, February 21 st Wild Fur Musquash 250,000 Wild Mink 32,000 Raccoon 425,000 Fisher 14,000 Lynx Cat 5,500 Lynx 4,500 Tuesday, February 22 nd Wild Fur Beaver 115,000 Coyote 62,000 Wild Red Fox 33,000 Wild Grey Fox 6,000 Wild Cross, Silver and Sundry Fox 1,000 Wolverine 110 Squirrel 15,000 Ermine 20,000 Badger 4,500 Opossum 35,000 Nutria 1,900 Skunk & Ringtail 10,000 Wednesday, February 23 rd Wild Fur Timber Wolf 525 Bears 200 Dressed wild fur available by private treaty: Dressed Beaver 8,600 Dressed Coyote 1,500 Dressed Opossum 32,000 Dressed Raccoon 20,000

February 2011 Auction: Hotels HOTELS All the hotels listed below are within five minutes of the airport and are either within walking distance or less than a two minute drive from the auction house. All of these hotels have shuttle service to and from the airport and NAFA provides transportation between the auction house and the listed hotels where required. The February 2011 hotel rates are as follows: Sheraton Toronto Airport Hotel $144 CAD Single/Double One Restaurant/Bar Crowne Plaza* $114 CAD Single/Double One Restaurant Sandman Inn* $115 CAD Single/Double One Restaurant/Bar Radisson Suites* $129 CAD Standard Single/Double $149 CAD Executive Deluxe Suite One Restaurant/Bar Toronto Airport Marriott Hotel $129 CAD Single/Double One Restaurant, One Bar Residence Inn by Marriott $139 CAD One bedroom $189 CAD Two bedroom Breakfast buffet included Carlingview Airport Inn* $89 CAD Single/Double One restaurant Doubletree Hilton* $119 CAD Standard Single/Double Three Restaurant, One Bar/Lounge * Smoking available at these hotels only. All other hotels are completely smoke-free. This covers guest rooms, lounges, restaurants and public areas. There are many additional hotels available in the centre of Toronto, located near the entertainment and restaurant districts; however shuttle service is not available to these hotels. Taxi services or car rental will be required. Attached is a hotel reservation form to be completed and returned by fax to 1.416.675.6865, or register online at www.nafa.ca. If you have any questions, please call Shan Cooper at 1.416.213.2152

February 2011 Auction: Registration REGISTRATION Company Name: Name: Phone: Fax: Email: Arrival Date: Departure Date: Porter Required: [ ] Yes [ ] No available for: [ ] Fri Feb 11 [ ] Sat Feb 12 [ ] Sun Feb 13 [ ] Mon Feb 14 [ ] Tue Feb 15 [ ] Wed Feb 16 [ ] Thu Feb 17 [ ] Fri Feb 18 Hotel Reservations Required: [ ] Yes [ ] No Hotel Requested: [ ] Sheraton Toronto Airport* Starwood Rewards # [ ] Toronto Airport Marriott* Marriott Rewards # [ ] Crowne Plaza [ ] Residence Inn Toronto* Priority Club # Marriott Rewards # [ ] Sandman Inn [ ] Radisson Suites [ ] Carlingview Airport Inn [ ] Doubletree Hilton *Please note: Smoking is not available at these hotels Hilton Honours # Room Type: [ ] Smoking [ ] Non-smoking [ ] Single [ ] Double (Twin) [ ] King/Queen Special Requirements: If you are sharing a room, please include roommates Company Name: Name: Credit Card Type: Card #: Expires: / Credit card number required to guarantee reservation Hotel Confirmation: Car Rental Confirmation: Please return this form to the attention of Shan Cooper to guarantee your room reservations and to help facilitate our buyer services. email: scooper@nafa.ca fax: 1.416.675.6865 Thank you for your co-operation.

February 2011 Auction: Hotels EVENTS These events will take place during our show/sale period in Toronto. If you are interested in attending any of the events outside of those being hosted in our building please contact Neta Jelvis as soon as possible at njelvis@nafa.ca or 1-416-213-2188 NAFA & Association Events NAFA Lobsterfest CMBA/AMC Reception Theatre thursday, February 17th, NAFA (Auction House) Saturday February 19th, Crowne Plaza Barrymore with Christopher Plummer Elgin Theatre, 189 Yonge St., Toronto, 416-314-2901 Feb. 18, 19, 21, 22, 23 ($171 -$263 CAD) Billy Elliot Canon Theatre, 244 Victoria St., Toronto, 416-872-1212 Feb. 17, 18, 19, 20, 22, 23 ($107 + CAD) Sandra Shamas Winter Garden Theatre, 189 Yonge St., Toronto 416-314-2901 Feb. 17, 18, 19, 20, 23 ($157 + CAD) Museums ROM Royal Ontario Museum, 100 Queen s Park, 416-586-8000 The ROM is an internationally renowned museum and a popular public attraction in downtown Toronto, with some six-million objects in its collections today and galleries showcasing world cultures and natural history. Mon-Thurs: 10:00 am to 5:30pm Friday: 10:00am to 8:30pm Sat- Sun: 10:00am to 5:30pm Adult tickets: $24.00 CAD Senior/Student (with ID): $21.00 CAD Child (5-14): $16.00 CAD AGO Art Gallery of Ontario, 317 Dundas St. W, 416-979-6648 Tues, Thurs, Fri, Sat, Sun: 10:30am 5:30pm Wednesday: 10:30am 8:30pm Adult admission: $19.50 CAD Senior: $16.00 CAD Student: (6-17) $11.00 CAD Sports Hockey (NHL) Air Canada Centre, 50 Bay Street, 416-815-5400 Toronto Maple Leafs Vs. Ottawa Senators, February 19th, 7pm ($44.61 -$401.51 CAD) Toronto Maple Leafs Vs. NY Islanders, (NHL) February 22nd, 7pm ($44.61 - $401.51 CAD) *virtually all Leafs tickets are officially sold out. Resale tickets will be available for most games. Prices will vary depending on opponent and seat location. Call or email us for details. Basketball Toronto Raptors Vs. Chicago Bulls, (NBA), Air Canada Centre, 50 Bay Street, 416-815- 5400 Feb. 23rd, 7pm ($12.50 - $1,120.00 CAD)