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Friday, 07/22/2011 10:30:29 PM

Friday, July 22, 2011 10:30:29 PM

Post# of 47
Outstanding Share Data

As at March 31, 2011 there were 297,129,672 shares issued and outstanding, including the 89,665,352 common shares issued during the first quarter of 2011 when WesternZagros completed a private placement of shares. The number of common shares reserved for issuance pursuant to options granted will not exceed 10 percent of the issued and outstanding common shares. As at December 31, 2010 there were 207,464,320 shares issued and outstanding. As at June 29, 2011, the total number of shares outstanding was 297,138,872.

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