The TSX Venture Exchange has accepted for filing the company's proposal to issue 1,165,473 common shares to settle outstanding debt for $386,587.50.

Number of creditors:  One creditor

Insider:  Resource Capital Fund V LP, $386,587.50, 1,165,473 shares at 33.17 cents

The company shall issue a news release when the shares are issued and the debt extinguished.