Investors

Share Structure

As of June 30, 2011

		Average Price	Cash on Exercise
Common Shares	23.22 M
Total Options	2.46 M	$0.22	$0.53 M
Total Warrants	7.75 M	$0.41	$3.19 M
Fully-Diluted	33.42 M		$3.72 M

Major Shareholders

Timberline Resources	12.8 %
Pilot Gold	8.6 %
Libra Advisors	8.6 %
Geologix Exploration	4.3 %
Officers & Directors	5.7 %