During the year ended December 31, 2007, Pinetree renewed its normal course issuer bid.

Pursuant to the terms of the bid, and in accordance with the rules of the TSX, during the period

commencing September 26, 2007 and ending September 25, 2008, Pinetree may purchase up

to 4,500,000 common shares, representing approximately 4.5% of the common shares

outstanding as at September 19, 2007. Purchases will be made in open market transactions

through the facilities of the TSX at market prices prevailing at the time of acquisition. Daily

purchases may not exceed 201,477 common shares, except pursuant to a particular exemption

under the TSX rules. All common shares purchased under the bid will be cancelled.

Pinetree did not purchase any common shares of the Company during the six months ended

June 30, 2008.