VANCOUVER, BC: The Company wishes to announce that it has completed a private placement of 25,000,000 units at a price of $0.02 per Unit and has received the sum of $500,000.00 as net proceeds of the private placement.
Each Unit is comprised of one Common Share and one Share Purchase Warrant which entitles the holder to purchase an additional Common Share of the Company for $0.05 up to the close of business in Vancouver, British Columbia on December 1, 2010 and for $0.10 for four years thereafter. The shares forming part of the Units or which may be exercised upon exercise of the warrants forming part of the units will be subject to a hold period expiring on April 2, 2010.
The net proceeds of the private placement will be used for acquisitions and general working capital.
ON BEHALF OF THE BOARD OF DIRECTORS
"Charles E. Ross"
Charles E. Ross, CFO
The TSX Venture Exchange has neither approved nor disapproved the contents hereof.