The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 24, 2010.

Shares:  29,825,000 flow-through shares; 31,131,823 non-flow-through shares

Price:  10 cents per flow-through share; 7.5 cents per non-flow-through share

Warrants:  15,565,911 share purchase warrants to purchase 15,565,911 shares

Exercise price:  10 cents for a one-year period

Placees:  60

Insiders:  Stan Bharti 3.5 million; William Pearson 1,333,333; 2051580 Ontario Inc. (Stan Bharti) 8,999,999; Pearson Geological Ltd. (William Pearson) 400,000; D&S Gower Holdings Ltd. (David Gower) 333,333; David Argyle 333,333; M. Hoffman Consulting Ltd. (Michael Hoffman) 200,000

Finders' fees:  $208,650 plus 2,343,000 warrants (each exercisable into one common share at a price of 10 cents for a period of one year) payable to Sector Holdings Inc., Jones Gable Mineral Funds, Norstar Securities LP, GMP Securities LP, Two Jat Holdings Inc. and Delano Capital Corp.