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TSX VENTURE EXCHANGE

TSX VENTURE EXCHANGE

Attention Business Editors

TSX Venture Exchange Daily Bulletins

	    VANCOUVER, July 23 /CNW/ -

	    <<
	    TSX VENTURE COMPANIES

	    BULLETIN TYPE: Cease Trade Order
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    A Temporary Cease Trade Order has been issued by the Ontario Securities
Commission on July 23, 2008, against the following Company for failing to file
the documents indicated within the required time period:

	                                                                     Period
	                                                                     Ending
	    Symbol    Company              Failure to File                 (YY/MM/DD)

	    ("FPC")   Fareport             Interim financial statements     07/04/30
	               Capital Inc.        Management's discussion &
	                                    analysis                        07/04/30
	                                   Audited annual financial
	                                    statements                      07/07/31
	                                   Management's discussion &
	                                    analysis                        07/07/31
	                                   Interim financial statements     07/10/31
	                                   Management's discussion &
	                                    analysis                        07/10/31
	                                   Interim financial statements     08/01/31
	                                   Management's discussion &
	                                    analysis                        08/01/31
	                                   Interim financial statements     08/04/30
	                                   Management's discussion &
	                                    analysis                        08/04/30

	    Upon revocation of the Temporary Cease Trade Order, the Company's shares
will remain suspended until the Company meets TSX Venture Exchange
requirements. Members are prohibited from trading in the securities of the
company during the period of the suspension or until further notice.

	    TSX-X
	                       -------------------------------

	    AEROQUEST INTERNATIONAL LIMITED ("AQL")
	    BULLETIN TYPE: Graduation
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 1 Company

	    TSX Venture Exchange has been advised that the Company's shares will be
listed and commence trading on Toronto Stock Exchange at the opening on
July 24, 2008, under the symbol "AQL".
	    As a result of this Graduation, there will be no further trading under the
symbol "AQL" on TSX Venture Exchange after July 23, 2008, and its shares will
be delisted from TSX Venture Exchange at the commencement of trading on
Toronto Stock Exchange.

	    TSX-X
	                       -------------------------------

	    ALIX RESOURCES CORP. ("AIX")
	    BULLETIN TYPE: Private Placement-Non-Brokered
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced July 11, 2008:

	    Number of Shares:        900,000 flow-through shares

	    Purchase Price:          $0.45 per share

	    Warrants:                450,000 share purchase warrants to purchase
	                             450,000 shares

	    Warrant Exercise Price:  $0.50 for an 18-month period

	    Number of Placees:       1 placee

	    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.

	    TSX-X
	                       -------------------------------

	    AMANTA RESOURCES LTD. ("AMH")
	    BULLETIN TYPE: Private Placement-Non-Brokered
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing documentation with respect to
the second and final tranche of a Non-Brokered Private Placement announced May
7, 2008:

	    Number of Shares:        1,013,300 shares

	    Purchase Price:          $0.15 per share

	    Warrants:                506,650 share purchase warrants to purchase
	                             506,650 shares

	    Warrant Exercise Price:  $0.22 for an 18 month period

	    Number of Placees:       7 placees

	    Insider/Pro Group Participation:

	                             Insider equals Y/
	    Name                     ProGroup equals P/            No. of Shares

	    Don Njegovan             P                                    33,300
	    Marc Johnson             P                                    40,000
	    Michael Corey            P                                    40,000
	    Thomas W. Seltzer        P                                   100,000

	    Finders' Fees:           Haywood Securities Inc. will receive a cash
	                             finder's fee of $1,800.00

	                             Toll Cross Securities Inc. will receive a cash
	                             finder's fee of $1,920.00

	                             Ha Thi Nguyen will receive a finder's fee of
	                             36,000 common shares

	    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.

	    TSX-X
	                       -------------------------------

	    ARGENTA OIL & GAS INC. ("AZA")
	    BULLETIN TYPE: Private Placement-Non-Brokered
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced May 12, 2008:

	    Number of Shares:        24,150,000 shares

	    Purchase Price:          $0.25 per share

	    Warrants:                12,075,000 share purchase warrants to purchase
	                             12,075,000 shares

	    Warrant Exercise Price:  $0.35 for an eighteen (18) month period

	    Number of Placees:       35 placees

	    Insider/Pro Group Participation:

	                             Insider equals Y/
	    Name                     ProGroup equals P/         No. of Shares

	    AMB Minerals & Energy
	     Inc. (Aries Barreto)    Y                                400,000
	    Denis Clement            Y                                800,000
	    Kevin Andrew Kingsley    P                                250,000
	    J. David Pescod          P                                500,000
	    Marc Bouchard            P                                200,000
	    Al Folk                  P                                100,000
	    Rodger Gray              P                                400,000
	    Haworth Partners Inc.    P                                170,000
	    John C. Maycock          P                                280,000
	    Toll Cross
	     Securities Inc.         P                                400,000
	    Cormark Securities
	     Investment Fund         P                                800,000
	    Scott Lamacraft          P                                800,000
	    John Prins               P                                 80,000
	    Kevin Williams           P                                200,000

	    Finder's Fee:            An aggregate of $218,700 in cash and 868,800
	                             broker warrants payable to Brant Securities
	                             Limited, Canaccord Capital Corporation, Cormark
	                             Securities Inc., Fairlane Growth & Short Term
	                             Bond Fund, Philip Strathy, Mark Wisniewski and
	                             Toll Cross Securities Inc. Each broker warrant
	                             entitles the holder to acquire one common share
	                             at $0.25 until January 15, 2010.

	                             Note that in certain circumstances the Exchange
	                             may later extend the expiry date of the
	                             warrants, if they are less than the maximum
	                             permitted term.

	    For further details, please refer to the Company's news releases dated
June 27, 2008 and July 16, 2008.

	    TSX-X
	                       -------------------------------

	    ASIAN MINERAL RESOURCES LIMITED ("ASN")
	    BULLETIN TYPE: Private Placement-Non-Brokered
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced May 5, 2008:

	    Number of Shares:        4,000,000 shares

	    Purchase Price:          $1.75 per share

	    Warrants:                4,000,000 share purchase warrants to purchase
	                             4,000,000 shares

	    Warrant Exercise Price:  $2.10 to September 30, 2008

	    Number of Placees:       1 placee

	    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.

	    TSX-X
	                       -------------------------------

	    BEACON ACQUISITION PARTNERS INC. ("BAP.P")
	    BULLETIN TYPE: Halt
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    Effective at 5:37 a.m. PST, July 23, 2008, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
this regulatory halt is imposed by Investment Industry Regulatory Organization
of Canada, the Market Regulator of the Exchange pursuant to the provisions of
Section 10.9(1) of the Universal Market Integrity Rules.

	    TSX-X
	                       -------------------------------

	    BIO-EXTRACTION INC. ("BXI")
	    BULLETIN TYPE: Private Placement-Brokered
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced June 17, 2008:

	    Number of Shares:        10,000,000 shares

	    Purchase Price:          $0.35 per share

	    Number of Placees:       8 placees

	    Agent's Fee:             An aggregate of $245,000 in cash and 700,000
	                             broker warrants payable to Canaccord Capital
	                             Corporation and Loewen Ondaatje McCutcheon
	                             Limited. Each broker warrant entitles the holder
	                             to acquire one common share at $0.40 for an
	                             eighteen (18) month period.

	    For further details, please refer to the Company's news release dated June
25, 2008.

	    TSX-X
	                       -------------------------------

	    BROADBAND LEARNING CORPORATION ("BLC")
	    BULLETIN TYPE: Shares for Bonuses
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    The TSX Venture Exchange (the "Exchange") has accepted for filing a loan
agreement dated February 26, 2008, between Broadband Learning Corporation (the
"Company") and CarEm Enterprises Inc. (the "Lender"), pursuant to which the
Lender has provided a loan $5,000,000. The loan has a term of two years with
interest of 10% per annum in the first year and a 20% interest per annum in
the second year.
	    Additionally, the Exchange has accepted for filing the Company's proposal
to issue bonus shares warrants to the following insider:

	                                           Warrants

	    CarEm Enterprises Inc.
	     (David Kassie)                      30,000,000

	    Each warrant is exercisable into one common share at a price of $0.10 for
a period of two years.
	    For further information, please refer to the Company's press release dated
February 26, 2008.

	    TSX-X
	                       -------------------------------

	    BUCHANS RIVER LTD. ("BUV")
	    BULLETIN TYPE: Halt
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    Effective at 9:13 a.m. PST, July 23, 2008, trading in the shares of the
Company was halted pending an announcement; this regulatory halt is imposed by
Investment Industry Regulatory Organization of Canada, the Market Regulator of
the Exchange pursuant to the provisions of Section 10.9(1) of the Universal
Market Integrity Rules.

	    TSX-X
	                       -------------------------------

	    CANOEL INTERNATIONAL ENERGY LTD. ("CIL.P")
	    BULLETIN TYPE: Remain Halted
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    Further to TSX Venture Exchange Bulletin dated July 15, 2008, effective at
6:55 a.m. PST, July 23, 2008 trading in the shares of the Company will remain
halted pending receipt and review of acceptable documentation regarding the
Qualifying Transaction pursuant to Listings Policy 2.4.

	    TSX-X
	                       -------------------------------

	    CARMAX EXPLORATIONS LTD. ("CMX")
	    BULLETIN TYPE: Private Placement-Non-Brokered, Correction
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    Further to the TSX Venture Exchange bulletin dated July 21, 2008 with
respect to the Company's private placement of 8,417,500 units and 8,830,000
non flow-through units at a price of $0.08 per unit, the following additional
fee is payable:

	    Finder's Fee:            Global Securities Corp. - $640.00 and 10,000
	                             Broker Warrants that are exercisable into common
	                             shares at $0.12 per share for a one year period.

	    TSX-X
	                       -------------------------------

	    CENTRAL ALBERTA WELL SERVICES CORP. ("CWC.A")
	    BULLETIN TYPE: Property-Asset or Share Purchase Agreement
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing documentation pursuant to an
Asset Purchase and Sale Agreement dated June 27, 2008 between Central Alberta
Well Services Corp. (the 'Company') and an Alberta-based drilling company
('Vendor') wherein the Company has agreed to acquire all of the assets and
personnel of the service rig division of the Vendor. In consideration, the
Company will pay the Vendor a total of $2,150,000. This transaction was
announced in the Company's press release dated July 3, 2008.

	    TSX-X
	                       -------------------------------

	    CIRCUMPACIFIC ENERGY CORPORATION ("CER")
	    BULLETIN TYPE: Shares for Debt
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing the Company's proposal to
issue 24,000,000 shares at a deemed price of $0.125 per share to settle
outstanding debt for $3,000,000.

	    Number of Creditors:     1 Creditor

	    Insider/Pro Group Participation:

	                                                         Deemed
	                       Insider equals Y/     Amount       Price       No. of
	    Creditor           Progroup equals P      Owing     per Share     Shares

	    Drillsearch Energy
	     (Canada) (Inc.)	   Y                   $3,000,000    $0.125   24,000,000

	    The Company shall issue a news release when the shares are issued and the
debt extinguished.

	    TSX-X
	                       -------------------------------

	    DIVERSINET CORP. ("DIV")
	    BULLETIN TYPE: New Listing-Shares
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 1 Company

	    Effective at the opening Thursday, July 24, 2008, the common shares of the
Company will commence trading on TSX Venture Exchange. The Company is
classified as a 'Wireless Data Security' company.
	    The Company is presently trading on the OTCBB under the symbol DVNTF.

	    Corporate Jurisdiction:  Ontario

	    Capitalization:          Unlimited common shares with no par value of
	                                       which
	                            45,617,783 common shares are issued and
	                                       outstanding
	    Escrowed Shares:        20,120,501 common shares

	    Transfer Agent:          Computershare Investor Services Inc.
	    Trading Symbol:          DIV
	    CUSIP Number:            25536K 30 3

	    For further information, please refer to the Company's Listing Application
dated July 16, 2008 available at www.sedar.com.

	    Company Contact:         David Hackett
	    Company Address:         2235 Sheppard Avenue East, Suite 1700
	                             Toronto, Ontario M2J 5B5

	    Company Phone Number:    416 756-2324 x275
	    Company Fax Number:      416 756-7346
	    Company E-mail:          dhackett@diversinet.com

	    TSX-X
	                       -------------------------------

	    FIRST GOLD EXPLORATION INC. ("EFG")
	    BULLETIN TYPE: Private Placement-Non-Brokered
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced July 10, 2008:

	    Number of Shares:        781,250 flow-through common shares

	    Purchase Price:          $0.32 per flow-through common share

	    Warrants:                390,625 share purchase warrants to purchase
	                             390,625 common shares

	    Warrant exercise price:  $0.40 for a 12-month period

	    Number of Placees:       1 placee

	    The Company has confirmed the closing of the above-mentioned private
placement.

	    EXPLORATION FIRST GOLD INC. ("EFG")
	    TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
	    DATE DU BULLETIN : Le 23 juillet 2008
	    Société du groupe 2 de TSX croissance

	    Bourse de croissance TSX a accepté le dépôt de la documentation en vertu
d'un placement privé sans l'entremise d'un courtier, tel qu'annoncé le
10 juillet 2008 :

	    Nombre d'actions :          781 250 actions ordinaires accréditives

	    Prix :                      0,32 $ par action ordinaire accréditive

	    Bons de souscription :      390 625 bons de souscription permettant de
	                                souscrire à 390 625 actions ordinaires

	    Prix d'exercice des bons :  0,40 $ pour une période de 12 mois

	    Nombre de souscripteurs :   1 souscripteur

	    La société a confirmé la clôture du placement privé mentionné ci-haut.

	    TSX-X
	                       -------------------------------

	    GOLDEN HOPE MINES LIMITED ("GNH")
	    BULLETIN TYPE: Private Placement-Brokered
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced June 6, 2008:

	    Number of Shares:        2,150,000 flow-through shares

	    Purchase Price:          $0.20 per flow-through share

	    Number of Placees:       19 placees

	    Insider/Pro Group Participation:

	                             Insider equals Y/
	    Name                     ProGroup equals P/         No. of Shares

	    Jean Pierre Boisse       P                                100,000

	    Agent's Fee:             An aggregate of $27,950 and 139,750 broker
	                             warrants payable to CIBC World Markets Inc.,
	                             MacDougall, MacDougall & MacTier Inc., Each
	                             broker warrant is exercisable into one common
	                             share at a price of $0.24 for an eighteen month
	                             period.

	    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has
issued a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s).

	    TSX-X
	                       -------------------------------

	    GOLDEYE EXPLORATIONS LIMITED ("GGY")
	    BULLETIN TYPE: Shares for Debt
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing the Company's proposal to
issue 2,840,909 shares at a deemed value of $0.088 per share to settle
outstanding debt for $250,000.

	    Number of Creditors:     1 Creditor

	    The Company shall issue a news release when the shares are issued and the
debt extinguished.

	    TSX-X
	                       -------------------------------

	    LEADER ENERGY SERVICES LTD. ("LEE")
	    BULLETIN TYPE: Resume Trading
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    Effective at 6:30 a.m. PST, July 23, 2008, shares of the Company resumed
trading, an announcement having been made over Marketwire.

	    TSX-X
	                       -------------------------------

	    NAVASOTA RESOURCES LTD. ("NAV")
	    BULLETIN TYPE: Resume Trading
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    Effective at 6:30 a.m. PST, July 23, 2008, shares of the Company resumed
trading, an announcement having been made over Marketwire.

	    TSX-X
	                       -------------------------------

	    PURE INDUSTRIAL REAL ESTATE TRUST ("AAR.UN")
	    BULLETIN TYPE: Notice of Distribution
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 1 Company

	    The Issuer has declared the following distribution:

	    Distribution per Trust Unit:            $0.025
	    Payable Date:                           August 15, 2008
	    Record Date:                            July 31, 2008
	    Ex-Distribution Date:                   July 29, 2008

	    TSX-X
	                       -------------------------------

	    ST. EUGENE MINING CORP. LTD. ("SEM")
	    BULLETIN TYPE: Private Placement-Non-Brokered
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced May 15, 2008:

	    Number of Shares:        700,000 shares

	    Purchase Price:          $0.10 per share

	    Warrants:                350,000 share purchase warrants to purchase
	                             350,000 shares

	    Warrant Exercise Price:  $0.15 for a one year period

	    Number of Placees:       6 placees

	    Insider/Pro Group Participation:

	                             Insider equals Y/
	    Name                     ProGroup equals P/         No. of Shares

	    Donald Barker            Y                                250,000
	    David R. Gunning         Y                                100,000
	    R. T. Trenaman           Y                                150,000

	    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.

	    TSX-X
	                       -------------------------------

	    VALGOLD RESOURCES LTD. ("VAL")
	    BULLETIN TYPE: Private Placement-Non-Brokered
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 1 Company

	    TSX Venture Exchange has accepted for filing documentation with respect to
the second tranche of a Non-Brokered Private Placement announced June 26, 2008
and July 18, 2008:

	    Number of Shares:        2,942,000 shares

	    Purchase Price:          $0.10 per share

	    Warrants:                2,942,000 share purchase warrants to purchase
	                             2,942,000 shares

	    Warrant Exercise Price:  $0.20 for a two year period

	    Number of Placees:       15 placees

	    Insider/Pro Group Participation:

	                             Insider equals Y/
	    Name                     ProGroup equals P/         No. of Shares

	    Jorge Neher              Y                                100,000
	    Alan Cruickshank         P                                300,000

	    Finder's Fee:            $1,750 and 8,000 warrants payable to Bolder
	                             Investment Partners, Ltd.

	    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.

	    TSX-X
	                       -------------------------------

	    WARRIOR ENERGY N.V. ("WEN")
	    BULLETIN TYPE: Private Placement-Brokered
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced May 30, 2008:

	    Number of Shares:        2,000,000 shares

	    Purchase Price:          $2.50 per share

	    Number of Placees:       71 placees

	    Insider/Pro Group Participation:

	                             Insider equals Y/
	    Name                     ProGroup equals P/         No. of Shares

	    Mark Windsor             P                                 20,000
	    John Hislop              Y                                400,000
	    Christopher Schaefer     P                                  8,000
	    Peter Chandler           P                                 40,000
	    Shariff Chandran         P                                 10,000
	    David Loftus             P                                 10,000

	    Agents' Fees:            $331,875 and 132,750 warrants payable to
	                             Canaccord Capital Corp.
	                             $18,750 and 7,500 warrants payable to Union
	                             Securities Ltd.
	                             $9,375 and 3,750 warrants payable to Michael
	                             Hogan
	                             $7,500 and 3,000 warrants payable to EAM Inc.
	                             - Warrants are exercisable into shares at $2.50
	                             per share for a period of one year.

	    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.

	    TSX-X
	                       -------------------------------

	    WARRIOR ENERGY N.V. ("WEN")
	    BULLETIN TYPE: Property-Asset or Share Purchase Agreement
	    BULLETIN DATE: July 23, 2008
	    TSX Venture Tier 2 Company

	    Strike Agreement:

	    TSX Venture Exchange has accepted for filing a Purchase and Sale Agreement
dated May 21, 2008 between EOG Resources Inc. and the Company. The Company has
acquired the rights to 3,800 gross (3.000 net) acres including 11 producing
wells in the Green River Basin located in Wyoming, USA (the 'Strike Project').
In consideration the Company will pay US$8,000,000.

	    Giant Agreement:

	    TSX Venture Exchange has accepted for filing an agreement dated May 30,
2008 between Giant Energy Limited ('Giant'), Giant Energy (USA) Inc. and the
Company. In consideration for assigning the Strike Project Purchase and Sale
Agreement to the Company, the Company has agreed to issue to Giant 100,000 at
a deemed price of $2.50 per share. The Company will also issue 1,000,000 Value
Security Escrow shares to Giant. The release of these escrowed shares will be
further conditional upon the Company producing 1 million cubic feet equivalent
per day on a one month average basis from the Strike Project area.
	    The Company has also agreed to assign Giant Energy (USA) Inc. an Over
Riding Royalty Interest for the Strike Project equal to the difference between
existing lease burdens and 20%, but never less than 2%.

	    Insider/Pro Group Participation:

	    Giant Energy Limited is a related party because two directors of Giant
(John Hislop and Bradley Windt) are also directors of the Company.

	    Shareholder Approval:

	    The Company has provided consent resolution evidencing shareholder
approval of the transactions by a majority of disinterested shareholders of
the Company.

	    TSX-X
	                       -------------------------------
	    >>





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