OPTIONS
As at June 30, 1999, the Company has issued 2,327,600 options to purchase common
stock to the Company's directors, officers and employees. Of the total issued,
none have been exercised as at June 30, 1999. Details of the stock options
outstanding at June 30, 1999 are as follows:
NUMBER OF OPTIONS EXERCISE PRICE EXPIRY DATE
-------------- -------------------
<C> <C> <S>
200,000 0.15 February 22, 2008
32,000 0.15 June 30, 2008
50,000 0.23 June 30, 2008
35,000 0.32 June 30, 2008
31,000 0.33 June 30, 2008
143,000 0.37 June 30, 2008
22,000 0.40 June 30, 2008
400,000 0.48 August 1, 2000
706,500 0.48 June 30, 2008
82,500 0.58 June 30, 2008
71,000 0.62 June 30, 2008
10,000 0.65 June 30, 2008
36,000 0.69 June 30, 2008
62,000 0.73 June 30, 2008
20,000 0.71 June 30, 2008
43,500 0.75 June 30, 2008
5,000 0.81 June 30, 2008
47,500 0.82 June 30, 2008
250,000 0.87 June 30, 2008
75,000 0.77 June 30, 2008
5,600 0.98 June 30, 2008 2,327,600
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