Ron Gutstein and Scott Frisoli would like to thank their fellow Keweenaw shareholders for their time and support at this year�s annual meeting. According to Ron Gutstein, �although our votes will not be officially tabulated the significantly higher support levels we received this year demonstrate that our message of needing to increase shareholder value is resonating well with fellow investors.�

As disclosed in their proxy statement, Messrs. Gutstein and Frisoli exercised their right to withhold proxies obtained in their solicitation efforts as an alternative strategy for sending a message to the board.

While Scott and I did not receive sufficient votes to be elected to the board this year we feel that the extremely low voting returns the board achieved speaks volumes about the growing dissatisfaction that shareholders have with this board and management.

We sincerely hope that the board acknowledges the concerns of its shareholders and that the several promises made to shareholders will be honored. If not, we will be back next year.

Scott and I are always interested in hearing from our fellow Keweenaw investors. Please feel free to contact us at anytime.

Thank you,

Ron Gutstein and Scott Frisoli

Keweenaw Land Association (PK) (USOTC:KEWL)
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