Trading Summary TSX-Venture (March 02, 2004)

Vancouver Canada’s junior exchange lost some of yesterday’s gains as advancing stocks were pummeled by declining stocks 391 to 488. The S&P-TSX Venture Exchange composite index closed at 1899.09, down 10.19 points, or 0.53% with 92.2 million shares traded.

Plexmar Resources closed at 25, down 5.5 with 4.99 million shares changing hands. The Quebec-based company recently announced a private placement financing of $3 million. The company will issue up to 12 million units at a price of 25 per unit. Each unit will consist of one common share plus one share purchase warrant which will allow the holder to purchase one common share of Plexmar at a price of 40 within 24 months of the closing date of the financing. Plexmar will use the proceeds to fund exploration work on the properties Marilia and Cascajal located in Peru and to increase its working capital.

Spider Resources and joint venture partner KWG Resources recently tabled more results from their ongoing winter drilling program on the McFaulds #3 base metal target in the James Bay Lowlands of Ontario. Hole McF-04-24 cut 12.09 metres averaging 1.81% copper, 0.07% zinc, 0.1 gram gold and 3.36 grams silver, starting 219 metres down-hole. This included a 3.47-metre section that averaged 4.21% copper, 0.2% zinc, 0.22 gram gold and 8.55 grams silver. Hole McF-23 undercut hole McF-22 (15 metres averaging 4.06% copper) on the same section about 125 meters below surface, while hole McF-24 undercut both of these holes 175 meters below surface. These results suggest that the higher grade copper mineralization is persisting to depth although it is thinner. Spider closed the day down a penny to 22 with 2.5 million shares traded.

Medoro Resources closed at 87 up 75 with 2.45 million shares traded. The newly formed company, Medoro Resources, formerly Full Riches Investments (FRI), is the result of an amalgamation between Gold Mines of Sardinia (GMS) and its subsidiary, Medoro Resources (MR) and subsequent reverse take over of FRI. The shareholders of FRI and MR-GMS will each own approximately 50% of the common shares of the new company on a fully diluted basis. The new company will have 81.8 million shares issued and outstanding and 4.2 million in escrow. Through its subsidiaries the new company holds exploration interests on the Italian island of Sardinia. As of March 2, 2004, the new company will resume trading under the symbol “MRL”.

Victoria Resource, a 36% owned affiliate of Toronto-listed Bema Gold, released additional diamond drill results from the Mill Canyon property in Nevada. Drilling has identified four high-grade gold zones over a width of 185 metres and length of 125 metres. Gold mineralization has been intersected in 8 of the 10 holes including hole OC-6 which cut 7.6 metres averaging 24.5 grams gold per tonne; hole OC-10 which cut 9.1 metres averaging 40 grams gold; hole OC-12 which cut 3.1 metres averaging 66.8 grams gold and hole OC-13 which cut 7.6 metres averaging 35.5 grams gold. Victoria closed at 71, down 14 with 1.4 million shares traded.