May 2016 Monthly Progress Report (Form 7) filed with CSE

Quote:

---

Number of Outstanding Listed Securities: 39,424,204

---

Quote:

---

2. Provide a general overview and discussion of the activities of management.

Management is working to finance funding of a drill programme at the Vohitsara Property in Madagascar, and also to finance the purchase of a laboratory in Mississauga, Ontario.

---

Quote:

---

13. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms of such indebtedness.

None to report.

---