The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 15, 2011.

Number of shares:  1,079,200 flow-through shares and 772,545 non-flow-through shares

Purchase price:  $1.25 per flow-through share and $1.10 per non-flow-through share

Number of placees:  14 placees

Insiders:  Leni Keough, 80,000 FT; Ian Shaw, 20,000 FT; Pierre Lassonde, 800,000 FT

Pro groups:  Romain Balaban, 4,000 FT; Terri Sapera, 4,000 FT

Finder's fee:  $3,000 cash payable to BlackBridge Capital Management Corp.