10. Subsequent events

Subsequent to March 31, 2013:

? Upon delivery of the final scoping study, Cliffs earned an additional 9% interest in the Decar property and now holds a 60% interest in the property, while the Company holds a 40% interest.

? 3,962,500 common share purchase warrants with an exercise price of $0.80 per share expired unexercised.

? The Company entered into an agreement to lease new office premises, such lease to expire on May 31, 2016.