The TSX Venture Exchangehas accepted for filing documentation with respect to a non-brokeredprivate placement announced March 7, 2011.
Number of shares: 3,745,000 shares
Purchase price: 18 cents per share
Warrants: 3,745,000 share purchase warrants to purchase 3,745,000 shares
Warrant exercise price: 30 cents for a five-year period
Hidden placees: Five hidden placees
Insider: Mirsad Jakubovic, 100,000
Finder's fee: $29,250 payable to EKN Financial Services Inc., Melville, N.Y