TSX Venture

Tier 1

TSX Venture

Tier 2

TSX Non-exempt

Exploration and

Development Stage

Distri-bution, Market Capitali-zation and Public Float

Public float of 1,000,000 shares; 250 Public Shareholders each holding a Board Lot and having no Resale Restrictions on their shares; 20% of issued and outstanding shares in hands of Public Shareholders

Public float of 500,000 shares; 200 Public Shareholders each holding a Board Lot and having no Resale Restrictions on their shares; 20% of issued and outstanding shares in the hands of Public Shareholders

C$4-million publicly held 1,000,000 free trading public shares; 300 public holders with board lots

Sponsorship

Sponsor report may be required

Required (may be waived if sufficient previous third-party due diligence)

Not required