With a price on Harp’s head, Fort James fills up with bounty hunters. Emberly and Chesterfield conspire against Benton for the good of the Fort. Michael and Sokanon struggle to keep the Black Wolf in business, as Grant and Carruthers compete for supremacy.

Bounty hunters find Harp in the North. Benton sails to England at the mercy of Everton, but makes a new friend. Michael has a plan to make the Black Wolf more money. Carruthers and Grant vie for the attention of a French Marquis, and Emberly finds herself in danger of losing her independence.

Sokanon and Michael are surprised by an unexpected reunion and Michael formulates a plan to steal from the HBC. Benton makes a few more friends in low places, and Chesterfield turns the screws on Emberly. Carruthers investigates sabotage at her factory as Grant prepares to ensnare the Marquis with newly minted Lady Clenna.

Michael digs the tunnel as Chesterfield conducts live drills. Emberly returns to Fort James to discover what Chesterfield has done to her alehouse. Elizabeth Carruthers lets Douglas get close and comes face to face with Grant.

Season Finale. Chesterfield reels from the theft of the pelts and searches for Harp. Michael meets with Pond and is faced with a hard choice when Sokanon arrives. Josephette and the Brown Brothers unite against Grant, and Harp must deal with enemies on all sides and make new alliances.