CAPITAL STRUCTURE

•         Shares Outstanding                                                                                                                                                                                    29,597,063 

•         Warrants (2.5M/$0.20, 3.1M/$0.35, 1.76M/$0.40, 600K/$0.10, 1.87M/$0.15)                                                                                       9,841,031

•         Broker Warrants (487K/$0.35, 250K/$0.20, 500K/$0.10)                                                                                                                        1,237,339

•         Options  (Directors, employees, consultants @ $0.25)                                                                                                                             1,780,000

•         Options (540 Capital)                                                                                                                                                                                  125,000

•         Fully Diluted                                                                                                                                                                                                42,580,433

•         Insiders control 35% of outstanding shares

•         2 Financings completed in 2008

–        Canaccord Capital / M Partners Private Placement ($1.83M)

–        Mineralfields Group ($500,000)