Summary of REVELSTOKE INDUSTRIES, INC.

ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

On August 6, 2006, the Board of Directors of Revelstoke Industries, Inc. a Nevada corporation (the "Company"), approved termination of the services of MacKay LLP ("MacKay") as principal independent accountant for the Company. Termination of the services of MacKay was a result of communication between the Company and MacKay regarding a mutual decision that it would be in the best interests of the Company to effect a change in auditors in order to address the needs of a small business development company. During the Company's two most recent fiscal years and any subsequent interim period preceding the resignation of MacKay, there were no disagreements with MacKay which were not resolved on any matter concerning accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of MacKay, would have caused MacKay to make reference to the subject matter of the disagreements in connection with its reports. The report of MacKay for fiscal years ended May 31, 2005 and 2004 indicated the following:

"The accompanying financial statements referred to above have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company is in the development stage, and has no permanently established source of revenue and is dependent on its ability to raise capital from shareholders or other sources to sustain operations. These factors, along with other matters as set forth in Note 1, raise substantial doubt that the Company will be able to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty."

Except as described in the immediately preceding paragraph, the report of MacKay did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles.

On August 11, 2006, the Board of Directors of the Company approved and authorized the engagement of the services of Dale Matheson Car-Hilton LaBonte, Chartered Accountants ("DMCL"). DMCL's address is 1500-1140 West Pender Street, Vancouver, British Columbia, Canada V6E 4G1.

The Company did not previously contact DMCL prior to its engagement regarding application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion that might be rendered on the Company's financial statements, and nether written nor oral advice was sought by the Company from DMCL prior to its engagement regarding an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue.