In response to numerous comments received, the Canadian Securities Administrators (the "CSA") made a significant shift in policy on November 23, 2007 by issuing a staff notice recommending that venture issuers be exempt from the enhanced certification of annual and interim disclosure documents required pursuant to Multilateral Instrument 52-109 - Certification of Disclosure in Issuers’ Annual and Interim Filings. These amendments have been adopted as law in most jurisdictions across Canada including Ontario, Alberta and British Columbia. Venture issuers in these jurisdictions with financial years on or after December 31, 2007 will be exempt from full certification.

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