TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 8, 2016:

    Number of Shares:        2,842,858 flow-through
                             shares and

                             2,605,999 non flow-through
                             shares


    Purchase Price:             $0.07 per flow-through share

                            $0.07 per non flow-through share


    Warrants:                5,448,857 share purchase
                             warrants to purchase
                             5,448,857 shares


    Warrant Exercise Price:    $0.10 for a three year period


    Number of Placees:      19 Placees

Insider / Pro Group Participation:

    Name                            Insider=Y /            # of Shares
                                    ProGroup=P



    Aggregate Pro Group Involvement P                                  380,000

    [3 Placees]


    Finder's Fee:                    An aggregate of
                                     $31,178 in cash and
                                     445,397 finders'
                                     warrants payable to
                                     IBK Capital Corp.,
                                     CIBC Wood Gundy and
                                     Fosters & Associates.
                                      Each finder's
                                      warrant entitles the
                                     holder to acquire one
                                     unit at $0.07 for a
                                     five year period.

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.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a new release announcing the closings of the private placement and setting out the expiry dates of the hold period(s).