TSX VENTURE SHORT POSITIONS (February 04, 2008)

Short positions outstanding at Jan. 15/08 (with changes from Dec. 31/07).

Largest Short Positions
Peak Gold PIK 5540874 2150206
Kirkland Min IKI 4245000 4245000
Carmax Expl CMX 1688500 126500
Kodiak Expl KXL 1484800 105500
VMS Ventures VMS 1443080 255580
Crowflight Min CML 1084400 423000
Sherwood Copper SWC 1010800 – 8800
Emgold Mining EMR 973500 725000
Roca Mines ROK 946220 50320
Fortuna Silver FVI 923199 87400
New Guinea Gld NGG 881500 730752
Silverstone Res SST 809800 301800
Noront Res NOT 784800 17700
Tyler Res TYS 776529 726529
Anooraq Res. ARQ 750616 725512
Largest Increase in Short Position
Kirkland Minerals IKI 4245000 4245000
Peak Gold PIK 5540874 2150206
New Guinea Gold NGG 881500 730752
Tyler Resources TYS 776529 726529
Anooraq Resources ARQ 750616 725512
Largest Decrease in Short Position
Blue Note Mining BN 300000 3000000
Bayswater Uranium BAY 496550 1362250
Iberian Minerals IZN 2500 – 597500
Freewest Resources FWR 60000 – 338000
Niblack Mining NIB 0 – 327900
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