The TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants.

Warrants:  4,560,667

Expiry date:  Sept. 2, 2013

Original exercise price:  45 cents

New exercise price:  30 cents

These warrants were issued pursuant to a private placement of 4,560,667 shares with 4,560,667 share purchase warrants attached, which was accepted for filing by the exchange effective Aug. 31, 2011.