 | 
|  | 
Holdings of Insiders

INSIDER HOLDINGS
January 13, 2012
| Name of insider |
Position |
Total holdings
(shares) |
| John Festival |
President, CEO & Director |
5,825,000 |
| Keith Hill |
Chairman & Director |
95,200 |
| Don Cook |
Chief Financial Officer |
5,825,000 |
| John Craig |
Director |
100,000 |
| Brian Edgar |
Director |
350,000 |
| Victor Luhowy |
Director |
62,400 |
| Chris Hogue |
Vice President Operations |
2,662,500 |
| Ed Sobel |
Vice President Explorations |
5,182,600 |
| Total |
|
20,102,700 |
| Name of insider |
Position |
Total holdings
(Options) |
Class A warrants |
Class B Warrants |
| John Festival |
President, CEO & Director |
1,500,000 |
1,205,649 |
1,205,650 |
| Don Cook |
Chief Financial Officer |
1,500,000 |
1,205,649 |
1,205,650 |
| Chris Hogue |
Vice President Operations |
1,500,000 |
1,205,650 |
1,205,649 |
| Ed Sobel |
Vice President Explorations |
1,500,000 |
1,205,650 |
1,205,649 |
| Keith Hill |
Chairman & Director |
820,000 |
|
|
| John Craig |
Director |
370,000 |
|
|
| Brian Edgar |
Director |
407,500 |
|
|
| Victor Luhowy |
Director |
370,000 |
|
|
| Total |
|
7,967,500 |
4,822,598 |
4,822,598 |
Shareholdings by insiders can be found on the following websites:
Canada - System for Electronic Disclosure by Insiders www.sedi.ca |  |  |