Lignol Energy Corporation V.LEC

RE: Major Insider Buying..Question?

[2guys]

To the best of my knowledge, options below
.10 were not allowed by the TSX regulators. Does anyone know if this has changed since last year?

Not sure why Rushton was allowed to exercise options at
.02. Is that correct or was it done in error. It's quite interesting and peculiar at the same time.

Date	Insider:	Shares	Transaction	Value
3/31/11	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	-53,100	Acquisition or disposition in the public market at .09 - .09 per share.	($4,514)
3/31/11	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	-21,000	Acquisition or disposition in the public market at .09 - .09 per share.	($1,890)
3/30/11	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	-1,000	Acquisition or disposition in the public market at .09 - .09 per share.	($90)
3/28/11	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	-1,000	Acquisition or disposition in the public market at .09 - .09 per share.	($90)
3/25/11	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	-15,000	Acquisition or disposition in the public market at .09 - .09 per share.	($1,350)
3/24/11	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	-3,000	Acquisition or disposition in the public market at .09 - .09 per share.	($270)
3/4/11	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	150,000	Exercise of options at .02 - .02 per share.	$3,000
3/4/11	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	150,000	Exercise of options at .02 - .02 per share.	$3,000
3/4/11	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	150,000	Exercise of options at .02 - .02 per share.	$3,000
9/9/08	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	38,000	Acquisition or disposition in the public market at .26 - .26 per share.	$9,880
1/18/07	Rushton, Michael Anthony Charles, Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)	N/A	Opening Balance-Initial SEDI Report	N/A