| Incentive Options Granted: | ||||
| Date Options Granted | Expiry | Price | Granted | Potential Proceeds |
| 01-Oct-04 | 01-Oct-09 | 1.00 | 150,000 | $150,000.00 |
| 01-Oct-04 | 01-Oct-09 | 1.00 | 75,000 | $75,000.00 |
| 01-Oct-04 | 01-Oct-09 | 1.00 | 750,000 | $375,000.00 |
| 16-Jun-05 | 20-Dec-09 | 1.10 | 75,000 | $82,500.00 |
| 06-Jan-06 | 06-Jan-11 | 1.25 | 150,000 | $187,500.00 |
| 06-Jan-06 | 06-Jan-11 | 1.25 | 150,000 | $187,500.00 |
| 06-Jan-06 | 06-Jan-08 | 1.25 | 50,000 | $62,500.00 |
| 03-Apr-06 | 03-Apr-11 | 1.80 | 600,000 | $990,000.00 |
| 11-Jul-06 | 11-Jul-11 | 1.10 | 500,000 | $550,000.00 |
| 31-Oct-06 | 31-Oct-11 | 1.00 | 500,000 | $500,000.00 |
| 28-Sept-07 | 27-Sept-12 | 0.68 | 150,000 | $102,000.00 |
| 28-Sept-07 | 27-Sept-12 | 0.68 | 150,000 | $102,000.00 |
| 28-Sept-07 | 27-Sept-12 | 0.68 | 200,000 | $136,000.00 |
| 28-Sept-07 | 27-Sept-12 | 0.68 | 225,000 | $153,000.00 |
| 28-Sept-07 | 27-Sept-12 | 0.68 | 600,000 | $408,000.00 |
| 28-Sept-07 | 27-Sept-12 | 0.68 | 250,000 | $170,000.00 |
| 28-Sept-07 | 27-Sept-12 | 0.68 | 75,000 | $51,000.00 |
| 28-Sept-07 | 27-Sept-12 | 0.68 | 50,000 | $34,000.00 |
| 28-Sept-07 | 27-Sept-12 | 0.68 | 50,000 | $34,000.00 |
| 28-Sept-07 | 27-Sept-12 | 0.68 | 250,000 | $170,000.00 |
| Total Options Granted: | 5,475,000 | $4,520,000.00 | ||
| Purchase Warrants Issued: | ||||
| Date Warrants Issued | Expiry | Price | Granted | Potential Proceeds |
| 27-Mar-06 | 27-Mar-09 | 1.75 | 1,992,987 | $3,487,727.25 |
| 28-Dec-06 | 28-Dec-08 | 1.40 | 1,199,999 | $1,679,998.60 |
| 08-Feb-07 | 08-Feb-10 | 1.40 | 200,000 | $280,000.00 |
| 16-Mar-07 | 16-Mar-09 | 0.65 | 1,625,000 | $1,056,250.00 |
| 06-Jul-07 | 06-Jul-09 | 0.65 | 4,357,000 | $2,832,050.00 |
| Total Warrants Issued: | 9,374,986 | $9,336,025.85 | ||
| Common Share Warrants Issued: | ||||
| Date Warrants Issued | Expiry | Price | Granted | Potential Proceeds |
| 28-Feb-07 | 28-Feb-08 | 0.70 | 100,000 | $70,000.00 |
| 28-Feb-07 | 28-Feb-08 | 0.70 | 250,000 | $175,000.00 |
| Total Common Share Warrants Issued: | 350,000 | $245,000.00 | ||
| Broker Warrants Issued: | ||||
| Date Options Issued | Expiry | Price | Granted | Potential Proceeds |
| 27-Mar-06 | 27-Mar-09 | 1.10 | 398,597 | $438,456.70 |
| 06-Jul-07 | 06-JUl-09 | 0.40 | 687,120 | $274,848.00 |
| Totals: | 1,085,717 | $713,304.70 | ||
| Total Potential Proceeds: | $14,569,330.55 | |||
| Fully Diluted: | 51,649,953 |