“ Adoption of the New Share Option Plan and Ratification of the Additional Options

At the Meeting, Shareholders will be asked to consider -------- (the "New Option Plan Resolution") ----------------------------.

The more substantive differences between the New Option Plan and the Option Plan are as follows:

(i) introducing an evergreen or reload feature to the New Option Plan---------------------

----- will remain unchanged from the Option Plan at 9,975,000, the Company will now also have the ability to grant options with respect to options that have been exercised. ----------------------.

(vii) limiting the types of amendments that can be made to the New Option Plan without obtaining shareholder approval. The Board, subject to receipt of requisite regulatory approval, where required, and without further shareholder approval, in its sole discretion, may make the following amendments to the New Option Plan:

a. amending typographical, clerical and grammatical errors;

b. reflecting changes to applicable securities laws;

c. changing the termination provisions of an Option or the New Option Plan which do not entail an
extension beyond the original expiry date;

d. including the addition of a cashless exercise feature, payable in cash or securities,whichprovides for a full deduction of the number of underlying securities from the New Option Plan reserve; -----------------.”

REMEMBER: Recently insiders exercised $0.115 options – approx. 7 million shares -- the subscriptions took place after the run to $0.90 in Nov. 2007.