6. Derivative Liabilities: Schedule of Derivative Liabilities Fair Value (Tables)

12 Months Ended

Jan. 31, 2013

Tables/Schedules

Schedule of Derivative Liabilities Fair Value

	Expected Volatility	Risk-free Interest Rate	Expected Dividend Yield	Expected Life (in years)
As at issuance date:
December 2010 convertible debenture	125%	1.19%	0%	0.75
February 2011 convertible debenture	125%	1.27%	0%	0.75
Default penalty on convertible debenture	125%	0.08%	0%	0.50
100,000 warrants expiring on April 6, 2012	125%	0.29%	0%	1.00
75,000 warrants expiring on July 4, 2013	125%	0.30%	0%	2.00
3,800,000 warrants expiring on July 30, 2015	125%	1.26%	0%	4.50
As at January 31, 2013:
December 2010 convertible debenture	276%	0.12%	0%	1.00
February 2011 convertible debenture	276%	0.12%	0%	1.00
Default penalty on convertible debenture	276%	0.12%	0%	1.00
75,000 warrants expiring on July 4, 2013	276%	0.12%	0%	0.42
3,800,000 warrants expiring on July 30, 2015	275%	0.35%	0%	2.50