Thomas P. Raabe

THOMAS P. RAABE has served as Chief Executive Officer and Director of
Arete Industries, Inc., since May 1, 1998. Mr. Raabe formerly served as
special securities and business counsel on specific projects from time
to time for the company since approximately 1994. Mr. Raabe has 18
years’ experience as an entrepreneurial attorney and business
consultant, practicing law in Colorado and representing corporate
clients in complex situations across the nation. Mr. Raabe has been a
Founder, Director and/or Counsel for a number of start-up and
development stage companies including robotics, high-technology, durable
medical equipment, advanced composites, optics, engineering, film
entertainment and most recently, outdoor and extreme sports ventures.
Mr. Raabe has been involved as Special Counsel for a number of public
and private companies with the responsibility to design and execute
corporate finance transactions, capital restructuring projects and
corporate securities compliance for several Securities Exchange Act
reporting companies. During 1995 and 1996, Mr. Raabe served as Chairman
of the Board and Chief Executive Officer of Quality Products, Inc. Mr.
Raabe served as CEO and Director of the parent as well as Senior
Executive Officer and Director of the subsidiaries for a period of 12
months during which two of the three subsidiaries were determined not
capable of rehabilitation and liquidated to pay down the secured
creditor. Mr. Raabe then formed Boulder Sports, LLC, to pursue
acquisitions and capital funding transactions, with principal focus on
extreme and outdoor adventure sports related technologies and
businesses. Mr. Raabe received his undergraduate degree in Political
Science from the University of Denver and his Juris Doctorate from the
University of Denver College of Law, in 1981. In addition, Mr. Raabe
pursued a graduate degree in Mineral Economics jointly with his Law
degree and completed three semesters’ graduate course work and
comprehensive examinations toward a Doctorate degree from the Colorado
School of Mines.