As of July 31, 2010

Share Capital
Issued and Outstanding 180,472,095 shares
Fully Diluted 186,322,095 shares

Outstanding Options
Expiry Date No. of Optioned Shares Exercise Price
Sept. 9, 2010 50,000 $0.95
Oct. 3, 2010 140,000 $1.19
Feb. 20, 2011 100,000 $1.45
June 15, 2011 600,000 $1.21
July 28, 2011 685,000 $1.00
April 24, 2012 1,950,000 $0.32
Aug. 28, 2012 250,000 $0.40
Nov. 27, 2012 450,000 $0.42
TOTAL: 4,225,000

Outstanding Warrants
Expiry Date No. of Warrants Exercise Price
Dec. 10, 2010 *1,625,000 $0.30
TOTAL: 1,625,000

*Each warrant also has a forced exercise provision commencing on the expiry of any applicable hold period stating that if, for ten consecutive trading days, the closing price of the listed shares exceeds $0.50, then the exercise period of each warrant will be reduced to a period of 30 days following receipt of notice to the warrant holder from the issuer.  

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