Following the Company?s recent placing, as announced on 4 September 2007, under which the Company issued and allotted 7,640,000 new Common Shares in the  Company, and   in   accordance  with  the  United  Kingdom's Financial  Services    Authority Disclosure  and Transparency  Rules  (FSA-DTR), the   Company hereby  announces   that it has 175,675,855 Common Shares  of   no par   value   in issue,  each share carrying the right to one vote. The  Company does not hold any shares in Treasury.

The  7,640,000 new Common Shares issued and allotted under the placing are subject to a 4 month hold period  in  Ontario, Canada,   which will expire  on  4 January 2008. Application will be made for these new Common Shares to be admitted to trading on AIM on the same  day  that they became free trading  on  the  TSX Venture Exchange (being 4 January 2008).

The above figure of 175,675,855 Common Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine  if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA-DTR.