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        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="1%"&gt;&amp;#160;&lt;/td&gt;
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            &lt;b&gt;Weighted&lt;/b&gt;
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
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        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;
            &lt;b&gt;Average&lt;/b&gt;
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;
            &lt;b&gt;Exercise&lt;/b&gt;
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="16%"&gt;
            &lt;b&gt;Options&lt;/b&gt;
          &lt;/td&gt;
          &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="16%"&gt;
            &lt;b&gt;Price&lt;/b&gt;
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
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          &lt;td align="left" bgcolor="#e6efff"&gt;Outstanding at December 31, 2012&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" width="16%"&gt;
            3,898,198
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" width="16%"&gt;
            1.75
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;Granted&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            200,000
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            1.00
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left" bgcolor="#e6efff"&gt;Exercised&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" width="16%"&gt;
            (30,000
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;)&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" width="16%"&gt;
            0.51
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;Forfeited&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            &amp;#8212;
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;N/A&lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left" bgcolor="#e6efff"&gt;Expired&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="16%"&gt;
            (3,198
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;)&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" width="16%"&gt;
            2.40
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;Outstanding at June 30, 2013&lt;/td&gt;
          &lt;td align="left" style="BORDER-BOTTOM: #000000 3px double" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" style="BORDER-BOTTOM: #000000 3px double" width="16%"&gt;
            4,065,000
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            1.72
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr&gt;
          &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="16%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="16%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;Options exercisable at June 30, 2013&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            2,030,000
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            1.59
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
    &lt;/table&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell><Cell FlagID="0" ContextID="cx_01_January_2012_TO_30_June_2012" UnitID=""><Id>2</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="50%"&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;
            &lt;b&gt;Weighted&lt;/b&gt;
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;
            &lt;b&gt;Average&lt;/b&gt;
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" width="16%"&gt;
            &lt;b&gt;Exercise&lt;/b&gt;
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="16%"&gt;
            &lt;b&gt;Options&lt;/b&gt;
          &lt;/td&gt;
          &lt;td align="center" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="16%"&gt;
            &lt;b&gt;Price&lt;/b&gt;
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left" bgcolor="#e6efff"&gt;Outstanding at December 31, 2011&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" width="16%"&gt;
            3,141,198
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" width="16%"&gt;
            1.65
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;Granted&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            1,040,000
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            2.04
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left" bgcolor="#e6efff"&gt;Exercised&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" width="16%"&gt;
            (21,750
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;)&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" width="16%"&gt;
            0.63
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;Forfeited&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            (250,000
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;)&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            1.83
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left" bgcolor="#e6efff"&gt;Expired&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="16%"&gt;
            (1,250
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;)&lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" bgcolor="#e6efff" width="16%"&gt;
            1.40
          &lt;/td&gt;
          &lt;td align="left" bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;Outstanding at June 30, 2012&lt;/td&gt;
          &lt;td align="left" style="BORDER-BOTTOM: #000000 3px double" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" style="BORDER-BOTTOM: #000000 3px double" width="16%"&gt;
            3,908,198
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            1.75
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr&gt;
          &lt;td bgcolor="#e6efff"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="16%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="16%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td bgcolor="#e6efff" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
        &lt;tr valign="top"&gt;
          &lt;td align="left"&gt;Options exercisable at June 30, 2012&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            1,283,198
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
          &lt;td align="left" width="1%"&gt;$&lt;/td&gt;
          &lt;td align="right" width="16%"&gt;
            1.37
          &lt;/td&gt;
          &lt;td align="left" width="3%"&gt;&amp;#160;&lt;/td&gt;
        &lt;/tr&gt;
    &lt;/table&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 718

 -SubTopic 10

 -Section 50

 -Paragraph 2

 -Subparagraph (c)(1)

 -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901



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