The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 11, 2015, and June 10, 2015.

Number of shares:  12,088,100 shares

Purchase price:  10 cents per share

Warrants:  6,044,050 share purchase warrants to purchase 6,044,050 shares

Warrant exercise price:  15 cents for an 18-month period

Number of placees:  21 placees

Insiders:  Paul Smith, 650,000; Ronald Sowerby, 150,000; Windermere Capital Fund SPC, Breakaway Strategic Resource Segregated Portfolio, one million; Kesa Capital Corp. (Darrell Rader), 50,000; W.D. Bruce Winfield, 30,000

Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.