The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 10, 2012.

Shares:  3,250,336

Price:  12 cents

Warrants:  3,250,336 share purchase warrants to purchase 3,250,336 shares

Exercise price:  17 cents for a one-year period; 25 cents in the second year

Placees:  34

Insider:  Ian Foreman 75,000

Pro groups:  Mark Bolin 25,000; Kerry Chow 150,000; Roberto Chu 50,000; Steve Benjamin 80,000

Finders' fees:  Canaccord Genuity Corp. -- $19,324.03 and 161,033 warrants that are exercisable into common shares at 17 cents per share in the first year and at 25 cents per share in the second year; Union Securities Ltd. -- $$3,180 and 26,500 warrants that are exercisable into common shares at 17 cents per share in the first year and at 25 cents per share in the second year; Haywood Securities Inc. -- $4,800 and 40,000 warrants that are exercisable into common shares at 17 cents per share in the first year and at 25 cents per share in the second year; Raymond James Ltd. -- $6,000 and 50,000 warrants that are exercisable into common shares at 17 cents per share in the first year and at 25 cents per share in the second year