Under the terms of the Company’s stock option plan, the common share purchase options will vest equally over an 18 month period commencing on March 5, 2006 and are valid for a period of five years. Upon vesting each purchase option may be used to purchase a common share of the Company at $0.125.
The grant of these purchase options is subject to the approval of the TSX Venture Exchange. [August 14, 2006]
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