The TSX Venture Exchange has accepted for filing the documentation with respect to a brokered private placement announced on May 5, 2010.

Number of shares:  2.9 million common shares

Purchase price:  40 cents per common share

Warrants:  2.9 million warrants to purchase 2.9 million common shares

Warrant exercise price:  60 cents per share for a 24-month period following the closing of the private placement

Hidden placees:  12 hidden placees

Agents:  Northland Capital Partners Inc. (NCP) and Industrial Alliance Securities Inc. (IAS)

Agents' commission:  NCP and IAS both received $20,600 in cash. Also, both NCP and IAS received 57,937 options each. Each option entitles the holder to purchase one common share at a price of 40 cents per share until July 2, 2012.

The company has confirmed the closing of the above-mentioned private placement via a news release dated June 30, 2010.