The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 2, 2010:

Number of shares:  5,731,666 shares

Purchase price:  15 cents per share

Warrants:  5,731,666 share purchase warrants to purchase 5,731,666 shares

Warrant exercise price:  25 cents for a two-year period

Hidden placees:  19 placees

Finder's fee:  An aggregate of 306,133 finders' units payable to General Research GmbH and DD Mercantile Corp.

Each finder's unit consists of one common share and one non-transferrable common share purchase warrant, exercisable into one common share at 25 cents for a two-year period.

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

For further details, please refer to the company's news releases dated Oct. 18, 2010, and Dec. 10, 2010.