FURTHER PRIVATE PLACEMENTS ARRANGED

The Company is pleased to announce that it has arranged an additional financing to raise up to $150,000 by the sale of 1,000,000 units at $0.15 per unit. Each unit will consist of one common share and one full warrant entitling the holder to purchase one additional common share of the Company at a price of $0.20 per share in the first year and $0.25 per share in the second year. Where applicable a finder’s fee in cash or common shares of the Company may be payable in connection with this financing, in accordance with the policies of the TSX Venture Exchange. The Company intends to utilize the proceeds of the private placement for general working capital purposes, and future property acquisitions.

All of the above is subject to TSX Venture Exchange acceptance.