The TSX Venture Exchange has accepted for filing the company's proposal to issue 4,861,800 shares at a deemed price of five cents per share and 4,292,800 share purchase warrants to settle outstanding debt for $243,090.

Number of creditors:  10 creditors

Insider:  Matrix 1 Capital Corp. (Teresa Rzepczyk), $21,750 owing, 435,000 shares at five cents per share

Warrants:  4,292,800 share purchase warrants to purchase 4,292,800 shares

Warrant exercise price:  7.5 cents for an 18-month period

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