Canadian Warrants

Transfer agent and registrar: Computershare Investor Services Inc. for the new common shares and Computershare Trust Co. of Canada for the warrants

This action results from the recently effected recapitalization and plan of arrangement whereby shareholders of the company have agreed to receive, for every old common share, approximately 0.2731 new common share and approximately 0.5936 warrant as described in the company's management proxy circular dated June 24, 2008.
Each whole warrant will entitle its holder to receive, until July 29, 2013, one new common share automatically and for no additional consideration upon the 20-day volume-weighted average trading price reaching $12. If the barrier price is not met prior to the expiry date, each whole warrant will entitle the holder to receive, for no additional consideration, 0.0023 new common share.
No fractional new common shares or warrants will be issued pursuant to the arrangement. To the extent that a fractional new common share or warrant would be issued such new common share or warrant will be rounded down to the nearest whole number. The company will then instruct the transfer agent to sell the total fractional interests for the benefit of such holders who will then receive their pro rata interest of the proceeds from such sales.
Additional information on the arrangement may be found in the circular which is available at www.sedar.com.
It is understood that letters of transmittal were mailed to shareholders of the company on June 30, 2008, advising shareholders to forward the certificates representing their old common shares, together with a duly completed and executed letter of transmittal, to Computershare Investor Services Inc. in Toronto or Vancouver in order to receive the consideration to which they are entitled. The warrants will be governed by the terms of a warrant indenture, dated July 29, 2008, between the company and Computershare Trust Co. of Canada, as warrant agent. The warrant indenture will provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.