Mr. Michael Jenkins reports

The Jenex has granted incentive stock options to consultants of the corporation to purchase a total of 20,000 common shares of the corporation pursuant to its stock option plan for directors, officers, employees and consultants. The option is for a five-year term, expiring on Feb. 10, 2008, and being exercisable at a price of 34 cents per share. The transaction is subject to customary TSX Venture Exchange approval and all options shall be subject to a four-month hold period.