Unaudited Capitalization Schedule
| Common shares | 37,478,314 | |
| Warrants | ||
| Total warrants outstanding | 29,544,000 | |
| Stock Options | ||
| 1,102,500 | ||
| Compensation Options | ||
| Expiring August 29, 2010 @ $0.60 | 52,000 | |
| Expiring May 16, 2010 @ $1.00 | 80,000 | |
| Expiring July 2, 2011 @ $0.10 | 55,000 | |
| Compensation Option Warrants | ||
| Expiring May 16, 2010 @ $1.50 | 80,000 | |
| Expiring August 29, 2010 @ $1.00 | 52,000 | |
| Expiring July 2, 2014 @ $0.15 | 55,000 | |
| Fully-diluted total outstanding | 68,498,814 |