Target Capital Inc.

Rick Skauge, CEO

Rick is the founder, Chief Executive Officer, director and major shareholder of the Corporation. He has been in the financial industry since 1971. Rick began his career as a life insurance agent immediately after graduating with a Bachelor of Arts Degree majoring in economics. In the early 1980s, he began selling mutual funds and in 1985 he started Target Financial Group Inc., a mutual fund dealer. This Corporation continued for 20 years. In 1987, Rick became involved in the oil and gas business. From 1987 to 1998, he raised in excess of $30 million for oil and gas exploration. Rick founded Olympia Trust Company in 1996 and has been the Chief Executive Officer of the Corporation since then. Olympia Trust Company has grown from its original $2.5 million capital base to a market capital of approximately $70 million. Olympia Trust Company is a wholly owned subsidiary of Olympia Financial Group Inc. (TSXV: OLY). Rick is also the Chief Executive Officer of Eyelogic Systems Inc. (TSXV: EYE.A) and has been involved in numerous private and public start-up companies. He also has a tree farm and is currently building a golf course in Airdrie, Alberta.

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