The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 25, 2012:

Number of shares:  3,383,334 shares

Purchase price:  30 cents per share

Warrants:  1,691,666 share purchase warrants to purchase 1,691,666 shares

Warrant exercise price:  50 cents for a two-year period, subject to an accelerated expiry

Number of placees:  eight placees

Insider:  Con Brio Foundation (Jay Sujir) 66,667

Finder's fee:  $47,750 payable to Adrian Morger, with 152,500 warrants exercisable at 50 cents for two years, subject to an accelerated expiry