Dave Webb´response:

I think you misunderstand the reports.

The first two transactions from Anderson, Lorne B. show an exercise of 50,000 warrants to buy 50,000 shares at $0.45. This is a net buy of 50,000 shares at $0.45.

The second three transactions from Wenn, David Ralph show an exercise of 25,000 warrants to buy 25,000 shares at $0.45, followed by a transaction of the expirey of 50,000 warrants at $0.50. This is a net buy of 25,000 shares at $0.45.

Nickerson, Dave reveals 3 sales totalling 16,000 shares, and finally you see Narsaiya, Ravina and McKay, Rodney receive optioin grants.

So, your question about the insider selling actually reveals the net purchase of 59,000 shares, the expirey of warrants, and the grant of options. Thanks for asking the question. Some people will tell you you are seeing insider selling when in fact there has been insider buying.

Dave