The TSX Venture Exchange has accepted for filing the company's proposal to issue 19,708,100 shares at a deemed price of five cents per share and 19,708,100 share purchase warrants to settle outstanding debt for $985,405.

Number of creditors:  one creditor

Insider:  Yuzheng Xie, $985,405, 19,708,100 shares at five cents

Warrants:  19,708,100 share purchase warrants to purchase 19,708,100 shares

Warrant exercise price:  five cents for a three-year period

The company shall issue a news release when the shares are issued and the debt extinguished.