..some times lack of news creates buying oportunities. SKP backers are into our shares at $ 0.40 and $ 0.60 on the 1/2 warrant. Why did they pay so high for our shares, what do they know??? ...The Private Placement included the sale of 4,687,200 flow-through common shares (the "Flow-Through Common Shares") at a price of $0.47 per Flow-Through Common Share for gross proceeds of $2,202,514 and the sale of 12,465,000 non-flow-through units (the "Units") at a price of $0.40 per Unit for gross proceeds of $4,986,000, each Unit being comprised of one common share and one-half of one transferable common share purchase warrant. Each full warrant is exercisable into one common share of the Corporation at an exercise price of $0.60 for a period of 24 months from the closing date. The total gross amount raised in the Offering was $7,188,984. The sale of 12,465,000 Units represents a 125,000 Unit increase over the amount announced in StrikePoint's press release of November 30, 2009.

As consideration to Dundee Securities Corporation and a syndicate of agents (the "Agents"), the Corporation has payed a commission of 6.0% of the total proceeds raised upon closing and has issued Agents' warrants (the "Agents' Warrants") equal to 6.0% of the Units and Flow-Through Common Shares issued pursuant to this Offering. Each Agents' Warrant will be exercisable to acquire one common share at $0.60 for a period of 24 months from the closing date. The shares issued under this financing will be subject to a four month hold period from the date of closing of the offering.