The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 29, 2013:

Number of shares:  five million shares

Purchase price:  five cents per share

Warrants:  five million share purchase warrants to purchase five million shares

Warrant exercise price:  10 cents for a two-year period; if the volume-weighted average trading price is at 20 cents or higher for 10 consecutive trading days at any time after four months and one day after closing, the company may, upon giving notice to the warrantholder, shorten the expiry date of the warrants to 30 days from the date of notice

Number of placees:  four placees

Insider participation:  Farshad Shirvani -- 3.87 million