RE:RE:SHARE CONSOLIDATION LOOMINGPlease note that the board of directors of the Company has no present intention to implement a share consolidation but believes that it would be prudent to have the necessary shareholder authorization in place should the board determine at some point in the following two-year period that a share consolidation would be in the best interest of the Company. The decision to seek authorization from the shareholders for a share Consolidation was taken by the board after careful consideration of a number of factors, including market activity, access to institutional investors, prospective broadening of international investor interest in the Company, and if advisable, the structuring of potential future financings with strategic investors. If the proposed share consolidation is approved by the shareholders at the Meeting and the board decides to implement a share consolidation in the prescribed period, the Company is required to obtain the approval of the TSXV prior to implementing the share consolidation.