TSX VENTURE SHORT POSITIONS (July 14, 2008)

Short positions outstanding at June 30/08 (with changes from June 15/08).

Largest short positions
Largo Res LGO 4956700 1004400
Potash North PON 2587300 -569320
Raytec Metals RAY 1878000 468050
Cloudbreak CDB 1859609 1859146
Peak Gold PIK 1658800 -6000
Panterra PAN 1093400 -341100
Hathor Expl HAT 949231 -203300
Roca Mines ROK 921500 0
Sherwood Copper SWC 842660 -112580
N. American Gem NAG 827500 196198
Magindustries MAA 801283 -508017
Copper Mountain CUM 794500 -192000
Amazon Mining AMZ 751000 -191500
VMS Ventures VMS 696172 133817
Largest increase in short position
Cloudbreak CDB 1859609 1859146
Largo Res LGO 4956700 1004400
Bear Creek BCM 667441 621941
Raytec Metals RAY 1878000 468050
Diamonds North DDN 409900 405400
Largest decrease in short position
Solitaire Min SLT 60000 -2666670
Sabina Silver SBB 331500 -642128
Geo Minerals GM 352500 -628075
Potash North PON 2587300 -569320
Magindustries MAA 801283 -508017
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