Share Capitalization


Shares Issued and Outstanding 158,330,763
Options 9,387,500
Warrants ($1.10, exp 08/12)  2,500,000
Warrants ($0.60, exp 12/13) 10,231,750
Broker Options ($0.90, exp 02/12)  278,250
Broker Options ($0.40 +
   1/2 $0.60 warrant, exp 06/13)
1,400,000
Fully Diluted 182,828,263