The TSX Venture Exchange has accepted for filing the company's proposal to issue 57,063,722 common shares to settle outstanding debt for $1,426,593.05.

Number of creditors:  one creditor

Total non-arm's-length party involvement:  $1,426,593.05, 57,063,722 shares at 2.5 cents (one party)

The company shall issue a news release when the shares are issued and the debt extinguished.