Closing date Shares Price Gross Proceeds C$

Feb. 17,2010 9,75 Mio. 0.08 780.000

Feb. 18, 2010 0 0 US$ 270.000 (Loan Facility FIFOMI)

Mar. 12, 2010 5,69 Mio. 0.08 455.000

Aug. 03, 2010 0 0 US$ 500.000 (Loan Facility FIFOMI)

Oct. 05, 2010 4.78 Mio. 0.11 525.775

Nov. 15, 2010 10,9 Mio. 0.11 1.200.000 (not closed yet)

Nov. 24, 2010 1,24 Mio. 0.10 shares for debt

Nov. 26, 2010 13,64 Mio. 0.11 1.500.000 (just announced)

Quite a bit of dilution this year.

And all with production supposed to start "shortly".

We better get some "internal return" from production, Jim, because this kind of dilution AT THESE PRICES clearly was not anticipated by me !

FANTOMAS