The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 17, 2011, and Jan. 25, 2011.

Number of shares:  24 million shares

Purchase price:  25 cents per share

Warrants:  12 million share purchase warrants to purchase 12 million shares

Warrant exercise price:  35 cents for a two-year period

Hidden placees:  211 hidden placees

Insiders:  Rosemill & Associates (John S. Watt), 200,000; David Paterson, 100,000

Pro groups:  Barry Muir, 80,000; Raymond Edward Flood, 200,000; Ivano Veschini, 160,000; Carla Radiuk, 20,000; Brad Birarda, 1.07 million; James E. Anderson, 100,000; Doug Corrigan, 70,000; Tony Frakes, 40,000; Brian Butterworth, 40,000; Capital Street Group Investment Services Ltd. (David Taylor), 40,000; Robert Sali, 160,000

Finders' fees:  $85,500 and 342,000 agent warrants payable to Mackie Research Capital Corp.; $13,500 and 54,000 agent warrants payable to Canaccord Genuity Corp.; $29,745 and 118,980 agent warrants payable to Global Securities Corp.; $86,400 and 345,600 agent warrants payable to Jordan Capital Markets Inc.; $2,250 and 9,000 agent warrants payable to Macquarie Private Wealth Inc.; $18,750 and 75,000 agent warrants payable to Jerry Bradley; $60,000 and 240,000 agent warrants payable to Clarion Finance Pte. Ltd.; $1,500 and 6,000 agent warrants payable to Union Securities Ltd.; $1,500 and 6,000 agent warrants payable to Peter Przygoda care of DGM Securities; $7,200 and 28,800 agent warrants payable to Haywood Securities Inc.; $4,500 and 18,000 agent warrants payable to Steven Parhar; $27,900 and 111,600 agent warrants payable to Nico Civelli (Each agent warrant is exercisable into one common share at an exercise price of 35 cents for a one-year period.)