The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 15, 2007.

Shares:  5,428,570

Purchase price:  14 cents

Warrants:  5,428,570 share purchase warrants to purchase 5,428,570 shares

Warrant exercise price:  19 cents for a one-year period and 25 cents in the second year

Hidden placees:  two

Pro group:  RBC Dexia Investor Services Trust 2,499,999

Finders' fees:  $45,600 in cash and 434,286 finders' warrants payable to Leon Frazer & Associates Inc., Kingsdale Capital Corp. and Research Capital Corp. Each finder's warrant entitles the holder to acquire one unit at 14 cents for a two-year period.