The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 4, 2010, and Nov. 5, 2010:

Number of shares:  39,418,143 shares

Purchase price:  seven cents per share

Warrants:  39,418,143 share purchase warrants to purchase 39,418,143 shares

Warrant exercise price:  12 cents for a two-year period

Number of placees:  77 placees

Insiders:  Pinetree Resource Partnership four million, John Icke one million, Red Rock Resources PLC (Regency Mines PLC and Andrew Bell) 5.9 million, Meng Gan 250,000, Resinco Capital Partners Inc. 4,285,715

Pro groups:  Nick Segounis 200,000, Murray McInnes 150,000, Mike Mansfield 200,000, Vito Ruzzuto 200,000, Michael Gesualdi 200,000, Donato Sferra 200,000

Finders' fees:  $25,173.60 cash and an option to buy 359,623 shares payable to Canaccord Genuity Corp., $9,800 cash and an option to buy 140,000 shares payable to Haywood Securities Inc., $92,400 cash and an option to buy 1.32 million shares payable to PowerOne Capital Markets Limited, $4,004 cash and an option to buy 57,200 shares payable to PI Financial Corp., $2,800 cash and an option to buy 40,000 shares payable to Wolverton Securities Ltd., $1,120 cash and an option to buy 16,000 shares payable to Global Securities Corp., $560 cash and an option to buy 8,000 shares payable to Union Securities Ltd., $3,640 cash payable to Fab Carella, $3,332 cash and an option to buy 47,600 shares payable to Capital Street Group (David and Rie Taylor)

Finders' fee options are exercisable at seven cents per unit, and units are under the same terms as those to be issued pursuant to the private placement.