The TSX Venture Exchange has consented to the increase in the exercise price and the extension of the term of the following warrants.

Number of warrants:  5,717,143

Original exercise price of warrants:  10 cents

New exercise price of warrants:  15 cents

Original expiry date of warrants:  Oct. 10, 2015

New expiry date of warrants:  Oct. 10, 2016

These warrants were issued pursuant to a private placement of 5,717,143 shares with 5,717,143 share purchase warrants attached, which was announced by the company on April 7, 2014.