Capital structure

As of February 1^st, 2012	Issued
Common shares outstanding	44,000,000
Options ($0.20)	2,000,000
Warrants ($0.35 – 0.60) Expiry date: late 2013	7,000,000
Fully diluted	53,000,000

As of November 1^st, 2011	Cash
No debt and net cash	$2,500,000