TSX Venture Exchange Daily Bulletins

Number of Shares: 1,000,000 shares

Purchase Price: $2.83 per share

Warrants: 500,000 share purchase warrants to purchase 500,000 shares

Warrant Exercise Price: $3.88 for a two year period

Number of Placees: 18 placees

Finder's Fees: Wellington West Capital Markets Inc. - $96,220.00 and 17,000 Compensation Warrants that are exercisable into common shares at $2.83 per share for a 2 year period.

Secutor Capital Management Corp. - $10,980.40 and 1,940 Compensation Warrants that are exercisable into common shares at $2.83 per share for a 2 year period.

Ensign Capital Inc. - $171,243.30 and 30,255 Compensation Warrants that are exercisable into common shares at $2.83 per share for a 2 year period.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term. -- www.cnxmarketlink.com