Exhibit 4.28





EXHIBIT 4.28

BC FORM 45-902F (Formerly Form 20)


Securities Act

Report of Exempt Distribution


	
  Full name, address and telephone number of the issuer of
  the security distributed:





  


  Global Precision Medical Inc. (formerly San Antonios
  Resources Inc.)

  P.O. Box 1609

  12406 Wright Avenue 

  Summerland, BC V0H 1Z0

  (303) 404-0310



	
  State whether the issuer is or is not a reporting issuer
  and, if reporting, the jurisdictions in which it is reporting.




  The issuer is not a reporting issuer.



	
  State whether the issuer is listed or quoted on any stock
  exchange or trading or quotation system in Canada).




  The issuer is not listed or quoted on any stock exchange
  or trading or quotation system in Canada, but is quoted on the
  Over-the-Counter Bulletin Board in the United States, trading symbol "GBPMF."




	
  Describe the type of security and the aggregate number
  distributed: If the security is convertible or exchangeable, describe the type
  of underlying security, the terms of exercise or conversion and any expiry
  date.




  Pursuant to the issuer's 2002 Stock Option Plan, an
  aggregate of 750,000 options to purchase common shares in the capital stock of
  the issuer, at prices ranging from US$1.00 to US$3.00, were granted to certain
  directors, officers or employees. The options expire September 23, 2007.




	
  Provide the following information for each type of security
  distributed. Consult Multilateral Instrument 45-102 Resale of Securities
  to determine what restricted or seasoning period applies to the security.

 











  
  	 
      Full name of purchaser and municipality and jurisdiction of residence
	 
      Number of

      securities

      purchased
	 
      Date of 

      distribution
	Price per security/total
      purchase price (Canadian $)	 
      Exemption

      relied on
	 

      

      Length of any

      restricted or seasoning period
	Coderre, Michel

      Montreal, Quebec	25,000	Sep 23/02	Nil	
      74(2)(9)
	Four months
	Elliott, James

      Delta, British Columbia	625,000	Sep 23/02	Nil	
      74(2)(9)
	Four months
	Holmes, Linda

      Summerland, BC	25,000	Sep 23/02	Nil	
      74(2)(9)
	Four months
	Semple, Lindsay

      W. Vancouver, BC	25,000	Sep 23/02	Nil	
      74(2)(9)
	Four months
	Weiss, Boris

      N. Vancouver, BC	25,000	Sep 23/02	Nil	
      74(2)(9)
	Four months
	Zerrouk, Dr. A. Faouzi

      Vancouver, BC	25,000	Sep 23/02	Nil	
      74(2)(9)
	Four months
	 	 	 	 	 	 


  





 

  



- 2 -

  



  

	
  The information required by this item is filed on Schedule
  "A" hereto and is not available to the public.



 

	
  State the total dollar value (Canadian $) of the securities
  distributed by the issuer to purchasers resident in British Columbia. This
  total dollar value must be used for calculating the fee payable for filing
  this report with the British Columbia Securities Commission.




  Nil 




	
  Provide the following information for each person who is
  being compensated in connection with the distribution(s) of the security. When
  disclosing compensation paid or to be paid, include discounts, commissions or
  other fees or payments of a similar nature directly related to the
  distribution. Do not include payments for services incidental to the trade,
  such as clerical, printing, legal or accounting services.




  If the compensation is in the form of a security, include
  the exemption under which the security is being distributed. If the security
  is being distributed     on a later date, the issuer must
  file a separate Report of Distribution with the applicable filing fee.









  
  	Name and Address of
      person being compensated	Compensation paid
      (number and type of security and/or cash amount (Cdn$)	Price Per Share (Cdn$)
	
      N/A
	
      N/A
	
      N/A



  





The undersigned hereby certifies that the statements made in
this report and in any schedule to this report are true and correct.

DATED at Summerland, this 31st day of January
2003.


GLOBAL PRECISION MEDICAL INC.

Name of issuer (please print)


/s/ Linda Holmes 

Signature of authorized signatory



Linda Holmes, Corporate Secretary 

Name and office of authorized signatory

(please print)


 


IT IS AN OFFENCE FOR A PERSON TO MAKE A STATEMENT IN A RECORD
REQUIRED TO BE FILED OR PROVIDED UNDER THE SECURITIES ACT OR SECURITIES RULES
THAT, AT THE TIME AND IN LIGHT OF THE CIRCUMSTANCES UNDER WHICH IT IS MADE, IS A
MISREPRESENTATION.



GLOBAL PRECISION MEDICAL INC.

SCHEDULE "A" TO BC FORM 45-902F


 



  
  	  

      Full Name and Residential Address of Purchaser	

      Telephone number and email address of purchaser	Type of security and number
      purchased	

      Exemption relied on
	Michel Coderre

      3738 Cote des Neiges

      Montreal, Que H3H 1V6	(514) 904-1100

      mcoderre@zecotekinnovations.com	25,000	
      74(2)(9)

	James Elliott

      908 Tsawwassen Beach Road Delta, BC V4M 2J3	jre008@hotmail.com	 	
      74(2)(9)

	Linda Holmes

      12406 Wright Avenue

      Summerland, BC V0H 1Z0	250-404-0310

      holmes@telus.net	25,000	
      74(2)(9)

	Lindsay Semple

      536-1489 Marine Drive, 

      W. Vancouver, BC V7T 1B8	
      globalprecision@shaw.ca	25,000	
      74(2)(9)

	Boris Weiss

      1541 Ross Road

      N. Vancouver, BC V7J 1V5	bweiss_gms@shaw.ca	25,000	
      74(2)(9)

	Dr. A. Faouzi
      Zerrouk			
	
      Total