TSX Venture Shorts (March 21, 2005)

Short positions outstanding at Feb. 28, 2005 (change from Feb. 15).

Largest short positions Change

Minera Andes 1218788 608236
Forest Gate Res 1050000 1030476
Augusta Resource 894100 629460
Manicouagan Minls 800000 800000
Sterling Resources 709500 539600
Cline Mining 627019 153100
Western Canadian Coal 613386 89886
TLC Ventures 600000 0
Palladon Ventures 575464 575464
Consol Global Diamond 570000 570000
Franconia Minerals 566667 330267
Maple Minerals 548219 548219
Hornby Bay Explor 430572 228742
Compliance Energy 399720 -626580
NEMI Northern Energy 393700 -139000

Largest increases in short position

Forest Gate Res 1050000 1030476
Manicouagan Minls 800000 800000
Augusta Resource 894100 629460
Minera Andes 1218788 608236
Palladon Ventures 575464 575464

Largest decreases in short position

American Bonanza Gold 0 -2499806
Compliance Energy 399720 -626580
Western Prospector Gr 312300 -451500
Diadem Resources 0 -361000
Taseko Mines 63700 -271100

Legend

C– CNQ trading & quotation system

N– New York Stock Exchange

O– U.S. over-the-counter

Q– NASDAQ or U.S. OTC

T– Toronto Stock Exchange

V– TSX Venture Exchange

X– American Stock Exchange

*– Denotes price in U.S.$

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