The TSX Venture Exchange has consented to the extension in the expiry date of the following warrants.

Private placement

Number of warrants:  5,817,174

Original expiry date of warrants:  Nov. 23, 2013, extended to Nov. 23, 2014, extended to Nov. 23, 2015

New expiry date of warrants:  Nov. 23, 2016

Exercise price of warrants:  $1.55, subject to an acceleration clause

These warrants were issued pursuant to a private placement of 11,634,348 shares, with 5,817,174 share purchase warrants attached, which was accepted for filing by the exchange effective Nov. 24, 2011.