Share Structure

Issued Capital (August 31, 2011): 99,758,753

$

Balance, August 31, 2010

91,415,459

72,855,310

Issued for private placements, net of share issue costs

2,532,119

12,912,783

Issued pursuant to share subscriptions agreement

144,430

800,000

Issued pursuant to Restricted Shares Unit Plan

136,408

681,339

Issued on conversion of convertible debt agreement (note 6)

247,173

971,107

Issued for acquisition of property

20,006

97,035

Issued for prospectus, net of share issue costs

5,263,158

22,354,127

Balance, August 31, 2011

99,758,753

$ 110,671,701