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Warrants Alert

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Warrant Symbol - PFM.WT
Number  Trading - 5,985,000 half warrants
Expiration Date - Feb. 25, 2006
Cusip - 72765W 11 1

Warrants called to trade news:
2005-03-22 14:13 MT - New Listing
Effective at the opening, March 23, 2005, the 5,985,000 free-trading half warrants issued pursuant to the company's short form offering document dated Jan. 31, 2005, will commence trading on the TSX Venture Exchange. Other half warrants, which are currently subject to a hold period, will also be listed for trading upon expiry of the hold period.

Corporate jurisdiction:  Alberta
Capitalization:  5,985,000 half warrants with no par value, of which 5,985,000 half warrants are issued and outstanding
Transfer agent:  Valiant Trust Co.
Trading symbol:  PFM.WT
Cusip:  72765W 11 1

The one-half warrants were issued pursuant to a short form offering document dated Jan. 31, 2005. Each whole warrant will entitle the holder to purchase one common share without par value at a price of 45 cents per share and will expire on Feb. 25, 2006

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