The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 26, 2010.

Shares:  31,386,224

Price:  57.35 cents

Warrants:  15,693,112 share purchase warrants to purchase 15,693,112 shares

Exercise price:  67.5 cents for a one-year period; 77.5 cents in the second year

Placees:  one

Insider:  Tongling Nonferrous Metals Group Holdings Co. 31,386,224

Shareholder approval was obtained with respect to this private placement at an annual general and special meeting that was held on Sept. 30, 2010.