Investments History

• 270 000 options at the exercise price of 0.40$ per share until March 15, 2010
• 1 075 000 options at the exercise price of 0.40$ par share until February 3^rd 2011
• 150 000 options at the exercise price of 0.58$ per share until May 10, 2011
• 50 000 options at the exercise price of 0.74$ per share until May 21^st 2012
• 1 037 500 options at the exercise price of 0.40$ per share until June 21^st 2012
• 600 000 options at the exercise price of 0.60$ per share until February 12, 2013
• 150 000 options at the exercise price of 0.60$ per share until March 3^rd 2013
• 577 500 options at the exercise price of 1.25$ per share until July 7, 2013
• 180 000 options at the exercise price of 0.74$ per share until May 21^st 2014

• 433 333 shares at 1.50$ per share until December 6, 2009
• 3 333 332 shares at the minimum price of 1.50$ per share until December 6, 2010¹
• 1 750 000 shares at the minimum price of 1.00$ per share until October 10, 2012²
• 3 000 000 shares at the minimum price of 1.00$ per share until January 10, 2013²
• 2 163 161 shares at the minimum price of 1.30$ per share until December 4, 2011

Note 1
Original Expiry Date of Warrants December 6, 2009
New Expiry Date of Warrants: December 6, 2010

« Any time after the expiration of the period of statutory detention, if the shares of the issuer are traded on the TSX growth stock exchange at a price equal or higher than 3,25 $ per share for a period of 20 consecutive trading days, according to the weighted average price at closure, the holder will have 15 working days to exercise his warrants, failing which the price of exercise of the aforementioned warrants will automatically be fixed at 2,25 $ until their expiration date. »

Note 2:
Original Expiry Date of Warrants: April 26, 2009 and July 10, 2009
New Expiry Date of Warrants: October 10, 2012 and January 10, 2013 (press release of April 25, 2009)

The Company may force the holder to exercise their warrants upon sending written notice to the holder (the "Exercise Notice" ) and this at least ten (10) business days before the date that the Company wishes to force the holder to exercise their warrants upon the occurrence of any events and on the terms and conditions herein after described:

a) if during a consecutive period of thirty (30) days of market transactions, the weighted average trading price of common stock of the Company on the TSX Venture Exchange (the "Exchange") is more than two dollars ($ 2 ,00) and the common share during this period, is trading at a price between two dollars ($ 2.00) and three dollars ($ 3.00) per share. In such cases, the Company may force the holder to exercise the warrant by reason of a price equal to one dollar and twenty-five cents ($ 1.25);

b) if, during a consecutive period of thirty (30) days of market transactions, the weighted average trading price of common stock of the Company exceeds three dollars ($ 3.00) and common stock during this period, is trading at a price between three dollars ($ 3.00) and four dollars ($ 4.00) per share. In such cases, the Company may force the holder to exercise the warrant by reason of a price equal to one dollar and fifty cents ($ 1.50);

c) if, during a consecutive period of thirty (30) days of market transactions, the weighted average trading price of common stock of the Company closes at a price above four dollars ($ 4.00) per share. In such cases, the Company may force the holder to exercise the warrant by reason of a price equal to one dollar and seventy-five cents ($ 1.75).

The holder has thirty (30) days following the date of receipt of the "Exercise Notice"   to exercise their warrants at a subscription price determined under the conditions described above.