• 224,410,764 Ordinary Shares
• 2,000,000 unlisted options exercisable @ 12 cents each, expiring on or before 30 September 2009
• 1,500,000 unlisted options exercisable @ 12 cents each, expiring on or before 30 April 2010
• 10,650,000 unlisted options exercisable @ 16 cents each, expiring on or before 30 June 2010
• 1,000,000 exercisable @ 20 cents each, expiring on or before 30 June 2012

          This represents a total of 239,560,764 shares on a fully diluted basis