announces that it intends to extend by one year the exercise period of the following outstanding common share purchase warrants:

• 1,236,462 warrants exercisable to purchase 1,236,462 common shares of the Company at $0.50 per common share, 1,130,906 of which are due to expire on December 20, 2015 and 105,556 of which are due to expire on December 27, 2015;
• 750,000 warrants exercisable to purchase 750,000 common shares of the Company at $0.51 per common share, which are due to expire on February 12, 2016;
• 650,000 warrants exercisable to purchase 650,000 common shares of the Company at $0.57 per common share, which are due to expire on February 28, 2016;

The proposed new respective expiry dates for the warrants are December 20, 2016, December 27, 2016, February 12, 2017 and February 28, 2017. The affected warrants were issued pursuant to private placements completed in December 2013 and February 2014. The respective exercise prices of the warrants will remain unchanged. The warrant extensions are subject to acceptance for filing by the TSX Venture Exchange.

ON BEHALF OF THE BOARD

'JOSEPH CAMPBELL'

Joseph Campbell
President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.