TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 10, 2016:

    Number of Shares:                  20,166,667 shares


    Purchase Price:                                                                                     $0.03 per share


    Warrants:                          20,166,667 share purchase warrants to purchase 20,166,667 shares


    Warrant Initial Exercise Price:                                                                               $0.05


    Warrant Term to Expiry:            4 Years


    Number of Placees:                 22 Placees


    Insider / Pro Group Participation:

                                       Insider=Y /

    Name                               ProGroup=P                                                                       # of Shares

    Maxwell Munday                     Y                                                                                 12,000,000


    Finder's Fee:

    Redplug Capital Corp.                                                                               $50,700.00 cash

    Gordon James                                                                                         $3,000.00 cash

    James Love                                                                                             $600.00 cash

The Company received a waiver to the Exchange's minimum pricing rules to complete this 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.