Financial Information

Management’s Report

Management is responsible to the Board of Directors for the preparation of the consolidated financial statements of the Company. These financial statements have been prepared in accordance with Canadian generally accepted accounting principles (“GAAP”) and include some amounts based on estimates and judgements. Financial information presented elsewhere in the Management’s Discussion and Analysis is consistent with that in the consolidated financial statements.

In order to ensure the accuracy and objectivity of information included in the financial statements, management has designed and implemented a system of internal controls designed to provide reasonable assurance that reliable financial records are maintained. Management believes that these internal controls provide reasonable assurance regarding complete and accurate maintenance of accounting records necessary for the preparation of the financial statements.

The Chief Executive Officer and the Chief Financial Officer have evaluated the effectiveness of the Company’s disclosure controls and procedures as at the end of October 31, 2009. They have concluded that the Company’s disclosure controls and procedures were effective, at a reasonable assurance level, to ensure that material information relating to the Company and its consolidated subsidiary would be made known to them by others within those entities, particularly during the period in which the Management’s Discussion and Analysis and the consolidated financial statements were being prepared.

The Board of Directors have reviewed and approved these consolidated financial statements. The Audit Committee assists the Board in meeting its responsibilities over the Company’s consolidated financial statements. All the members of the Audit Committee are financially literate. The Audit Committee reviews the financial statements and recommends their approval to the Board of Directors.

“Joel Matlin”
President & Chief Executive Officer

“Anthony Pizzonia”
Chief Financial Officer