CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
	May 31, 2016 CAD	May 31, 2015 CAD
Operating activities
Net loss for the year	CAD (7,434,215)	CAD (10,577,487)
Add items not affecting cash:
Depreciation	27,100	28,191
Stock-based compensation (note 8)	825,921	1,485,695
Write-off of capitalized acquisition costs (note 6a))	677,695	0
Gain on sale of capitalized acquisition costs (notes 6b) and 6c))	(92,397)	0
Loss on sale of marketable securities	0	125,166
Foreign exchange gain	(139,394)	(62,175)
Changes in non-cash items:
Accounts receivable	(2,795)	(9,228)
Prepaid expenses	81,826	(31,363)
Accounts payable and accrued liabilities	(182,367)	(203,722)
Cash used in operating activities	(6,238,626)	(9,244,923)
Financing activities
Cash received from issuance of shares	5,552,667	10,689,450
Share issuance costs	(25,884)	(207,977)
Repayment of promissory note	(298,488)	0
Cash provided by financing activities	5,228,295	10,481,473
Investing activities
Cash received from sale of marketable securities	0	35,723
Expenditures on property and equipment	(7,153)	(13,822)
Refund of reclamation bond	0	626,324
Cash received from sale of capitalized acquisition costs (note 6b) and 6c))	499,313	0
Capitalized acquisition costs	(32,594)	(32,508)
Cash provided by investing activities	459,566	615,717
Effect of foreign exchange on cash	174,322	79,725
Increase (decrease) in cash and cash equivalents	(376,443)	1,931,992
Cash and cash equivalents, beginning of the year	5,159,962	3,227,970
Cash and cash equivalents, end of the year	CAD 4,783,519	CAD 5,159,962