The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced March 25, 2011:

Number of shares:  27,777,778 shares

Purchase price:  36 pence per share (approximately 57 cents)

Hidden placees:  29 placees

Insider:  Kent Asset Management SA 600,000 (David H.W. Dobson)

Agents' fees:  An aggregate of 500,000 British pounds payable to Ocean Equities Limited and Seymour Pierce Limited