The TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants.

Private placement

Number of warrants:  3.37 million

Expiry date of warrants:  June 21, 2017

Original exercise price of warrants:  15 cents

New exercise price of warrants:  10 cents

These warrants were issued pursuant to a private placement of 3.37 million shares with 3.37 million share purchase warrants attached, which was announced by the company on May 3, 2016.