The following table summarizes the continuity of the Company's stock options:
Weighted-Average
Weighted Remaining
Average Contractual Aggregate
Number of Exercise Term Intrinsic
Options Price (years) Value
------- ----- ------- -----
$ $
Outstanding: May 31, 2011 3,183,334 0.23
Granted 990,000 0.10
---------- ----
Outstanding: May 31, 2012
and May 31, 2013 4,173,334 0.20 2.84 251,500
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Exercisable: May 31, 2013 4,173,334 0.20 2.84 251,500
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