BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: January 14, 2013
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced December 12, 2012:

Number of Shares: 6,300,000 shares

Purchase Price: $0.05 per share

Warrants: 6,300,000 share purchase warrants to purchase 6,300,000 shares

Warrant Exercise Price: $0.10 until December 13, 2015

Number of Placees: 13 placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P / # of Shares
Gary Moss Y 1,000,000
Howard Atkinson Y 1,200,000
Anthony Miller Y 150,000
Sander Shalinsky Y 300,000
Justin Lafayette Y 75,000
Gerald Quinn Y 75,000

Agent's Fee: $9,200, pus 184,000 broker warrants, each exercisable into one common share at a price of $0.10 until December 13, 2014, payable to Fraser Mackenzie Limited

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.