While the NR may not necessarily meet our criteria for significance or being newsworthy, a reporting issuer is obligated by regulation to make certain information available to the public in a timely manner.

As a result, the timing of this event may not have coincided with the dissemination of the year end financial results and therefore the Company was obligated and required to issue the NR.

For everyone's benefit, the following link may provide you with information for future guidance when it comes to news releases:

http://www.osc.gov.on.ca/en/Companies_continuous-disclosure_index.htm

Personally, the appointment appears to be another solid addition to our BoD and while there was another set of options granted, if we were all to cash out at levels > $5.00/share dilution would be a distant memory. Also, many of the higher priced historical options may not ever get exercised before they expire?

Hogan