FIRST CANADIAN CAPITAL MARKETS LTD.

STATEMENT OF POLICIES AND CONFLICT OF INTEREST DISCLOSURE

1. First Canadian Capital Markets Ltd. is an exempt market dealer in the Province of Ontario and will act as an intermediary on behalf of institutions, high net worth individuals and other persons or entities who so qualify under the applicable requirements of the securities laws of the Province of Ontario relating to exempt market dealers.
   
   It is the policy, as well as the duty of First Canadian Capital Markets Ltd. to deal fairly, honestly and in good faith with its customers and clients. It is also the policy of First Canadian Capital Markets Ltd. with respect to securities of our related and connected issuers to decide on a security by security basis whether there is any reason why we should limit the range of services which we provide to our customers and clients. As to the related issuers listed below, we do not restrict the range of our services.
    
2. In the course of our activities, First Canadian Capital Markets Ltd. may from time to time trade in respect of securities in corporations, general partnerships, limited partnerships, trusts or other forms of issuers which may be considered to be related or connected issuers to First Canadian Capital Markets Ltd. within the meaning of the securities laws of the Province of Ontario. If First Canadian Capital Markets Ltd. does trade or act as an agent or underwriter for the purchase or sale of securities, or make a recommendation to buy, sell or hold a security, of related or connected issuers, it will provide full disclosure, in a timely manner, of said relationships in writing to purchasers of such securities and comply with all requirements of the securities laws of the Province of Ontario.
    
3. There are currently no related or connected issuers of First Canadian Capital Markets Ltd. other than the following:
    
   1. Nikolaos S. Tsimidis, a director, officer and shareholder of First Canadian Capital Markets Ltd., is also a director and officer of Metals Creek Resources Corp. (TSXV: MEK), of which approximately 3.25% of the common shares are directly or indirectly owned, collectively, by Jason C. Monaco, Daniel S. Boase (each also a director, officer and shareholder of First Canadian Capital Markets Ltd.) and Nikolaos S. Tsimidis;
       
   2. Nikolaos S. Tsimidis, a director, officer and shareholder of First Canadian Capital Markets Ltd., is also a director and officer of Mooncor Oil & Gas Corp. (TSXV: MOO), of which approximately 1.9% of the common shares are directly or indirectly owned, collectively, by Jason C. Monaco, Daniel S. Boase (each also a director, officer and shareholder of First Canadian Capital Markets Ltd.) and Nikolaos S. Tsimidis;
       
   3. Nikolaos S. Tsimidis, a director, officer and shareholder of First Canadian Capital Markets Ltd., is also a director and officer of Parkside Resources Corporation (TSXV: PKR), of which approximately 24.0% of the common shares are directly or indirectly owned, collectively, by Jason C. Monaco, Daniel S. Boase (each also a director, officer and shareholder of First Canadian Capital Markets Ltd.) and Nikolaos S. Tsimidis; and
       
   4. Jason C. Monaco is a director, officer and shareholder, and Daniel S. Boase is managing partner, of First Canadian Capital Corp., a company providing corporate communication and related services to the following issuers:
       
      • BE Resources Inc. (TSXV: BER)
      • Bravo Venture Group Inc. (TSXV: BVG) (Frankfurt: B6I)
      • Claim Post Resources Inc. (TSXV: CPS)
      • Estrella Gold Corporation (formerly Canadian Shield Resources Ltd.) (TSXV: EST)
      • Excel Gold Mining Inc.(TSXV: EGM)
      • Fortune River Resource Corporation (TSXV: FRX) (Frankfurt: RG7A)
      • Halo Resources Ltd. (TSXV: HLO)
      • ICN Resources Ltd. (TSXV: ICN)
      • Knick Exploration Inc. (TSXV: KNX)
      • Luiri Gold Limited (TSXV: LGL
      • Mooncor Oil & Gas Corp. (TSXV: MOO)
      • Rare Earth Metals Inc. (TSXV: RA)
      • Revolution Resources Corp. (TSXV: RV)
      • Orbite V.S.P.A. Inc. (TSXV: ORT.A)
      • Otis Gold Corp. (TSXV: OOO)
      • Quantum Rare Earth Developments Corp. (TSXV: QRE)
      • Rochester Resources Ltd (TSXV: RCT)
      • Salazar Resources Ltd. (TSXV – SRL)
         
4. The securities laws of the Province of Ontario require securities dealers and advisors, when they trade in or advise with respect to their own securities or securities of certain other issuers to which they, or certain other parties related to them, are related or connected, to do so only in accordance with particular disclosure and other rules. These rules require dealers and advisors, prior to trading with or advising their customers or clients, to inform them of the relevant relationships and connections with the issuer of the securities. Clients and customers should refer to the applicable provisions of these securities laws for the particulars of these rules and their rights or consult with a legal adviser.

The foregoing Statement of Policies and Conflict of Interest Disclosure is provided pursuant to Part 13, Division 2 of National Instrument 31-103 – Registration Requirements and Exemptions.

January 11, 2011