

as at November 1, 2011
| Price per Share | Financing | Shares | |
| Seed Financing | $0.10 | $210,000 | 2,100,000 |
| IPO - PI Financial Corp. | $0.20 | $200,000 | 1,000,000 |
| Post IPO | $410,000 | 3,100,000 | |
| Exercise of Agents Options | $0.20 | $2,800 | 14,000 |
| Exercise of Options | $0.20 | $10,000 | 50,000 |
| December 2007 Private Placement | $0.25 | $550,000 | 2,200,000 |
| Qualifying Transaction - Initial Blue Hill Creek Share Issuance | n/a | 0 | 1,500,000 |
| Kilgore JV - First Payment | n/a | 0 | 500,000 |
| July 2008 Private Placement | $0.50 | $1,882,500 | 3,765,000 |
| Qualifying Transaction - Second Blue Hill Creek Share Issuance | n/a | 0 | 750,000 |
| June 2009 Private Placement | $0.25 | $1,175,500 | 4,702,000 |
| Qualifying Transaction - Third Blue Hill Creek Share Issuance | n/a | $0 | 750,000 |
| Kilgore JV - Second Payment | n/a | $0 | 400,000 |
| October 2009 Private Placement | $0.65 | $2,433,950 | 3,744,538 |
| Warrant Conversion - July 2009 Private Placement | $0.35 | $1,690,150 | 4,829,000 |
| Exercise of Agents Options | $0.25 | $37,500 | 150,000 |
| Qualifying Transaction - Fourth Blue Hill Creek Share Issuance | n/a | $0 | 750,000 |
| Qualifying Transaction - Fifth Blue Hill Creek Share Issuance | n/a | $0 | 750,000 |
| Kilgore JV - Third Payment | n/a | $0 | 400,000 |
| October 2010 Private Placement | $0.55 | $2,744,500 | 4,990,000 |
| Kilgore Buyout - 100% Acquisition | n/a | $0 | 2,000,000 |
| Qualifying Transaction - Sixth Blue Hill Creek Share Issuance | n/a | $0 | 750,000 |
| Various Option Exercises | $0.47 | $63,526 | 136,000 |
| Qualifying Transaction - Final Blue Hill Creek Share Issuance | n/a | $0 | 750,000 |
| February 2011 Private Placement | $0.70 | $4,046,390 | 5,780,557 |
| Issued and Outstanding | $15,046,816 | 42,761,096 | |
| Options | $0.51 | $1,686,000 | 3,310,000 |
| Warrants: | |||
| November 2010 Private Placement (expire March 2012) | $0.80 | $3,992,000 | 4,990,000 |
| February 2011 Private Placement (expire August 2012) | $1.10 | $3,179,306 | 2,890,279 |
| Total Warrants | $7,171,306 | 7,880,279 | |
| Shares Fully Diluted | $23,904,122 | 53,951,374 |