The TSX Venture Exchange has consented to the reduction in the exerciseprice and extension to the expiry date of the following warrants.
Warrants: 6,666,797
Original expiry date: Nov. 17, 2011
New expiry date: Nov. 17, 2013
Forced exercise provision: If the closing price for the company'sshares is 12.5 cents or greater for a period of 10 consecutive tradingdays, then the warrantholders will have 30 days to exercise theirwarrants. The 30-day period will commence seven calendar days after the10th premium trading day.
Original exercise price: 25 cents
New exercise price: 10 cents
These warrants were issued pursuant to a private placement of 6,666,797shares with 6,666,797 share purchase warrants attached, which wasaccepted for filing by the exchange effective Nov. 17, 2009.