Dear Jackson2,

Thank you for your inquiry. On May 7, 2007 the company announced that it negotiated a private placement with Mineralfields Group of up to 2 million “flow-through shares.” The deal also includes one half of a warrant for a non-flow through common share.

The Flow-Through Shares will entitle the holders to a 100% Canadian Exploration Expenditure deduction, a 15% Federal tax credit for grass roots exploration and a 20% tax credit for exploration in British Columbia.

Regards,

AGORACOM Investor Relations