Private Placement-Non-BrokeredBULLETIN DATE:January 16, 2017TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 27, 2016:

    Number of Shares:                   12,516,700 shares


    Purchase Price:                                  $0.075 per share


    Warrants:                            12,516,700 share purchase
                                         warrants to purchase
                                         12,516,700 shares


    Warrant Initial Exercise Price:                             $0.12


    Warrant Term to Expiry:             2 Years


    Number of Placees:                  62 Placees


    Insider /Pro Group
     Participation:

    Name                     Insider=Y / # of Shares
                             Pro-Group=P

    Kevin Bottomley          Y               133,333

    Bradley Hoeppner         Y               100,000

    Aggregate Pro-Group
     Involvement [2 Placees] P               400,000

    Finder's Fee:

    Haywood Securities Inc.                                     $6,000.00 cash

    PI Financial Corp.            $600.00 cash; 33,600 shares; 33,600 warrants

    Finder Warrant Initial
     Exercise Price:                                 $0.12

    Finder Warrant Term to       Each Warrant will entitle
     Expiry:                     the holder to acquire one
                                 common share at $0.12
                                 until December 30, 2018.

The Company issued a news release on January 3, 2017 confirming closing of the private placement. 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.

The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.