Insider Trading (July 26, 2004)

The following insider trading transactions were reported by the Ontario Securites Commission in the June and July issues of its OSC Bulletin:

— Agnico-Eagle Mines (AGE-T) — Sean Boyd, director and senior officer, exercised options to buy 69,900 shares at $10.40 and sold 69,900 shares a prices ranging from $18 to $18.46 to hold 167,246 shares and 490,100 options.

— Alamos Gold (AGI-T) — James McDonald, director, sold 85,000 shares at $2.30 to hold 159,040 shares.

— Almaden Minerals (AMM-T) — Exploration Capital Partners, 10% security holder, sold 41,800 shares at prices ranging from $1.87 to $2.10 to hold 3 million shares.

— Cameco (CCO-T) — George Assie, senior officer, exercised an option to buy 5,000 shares at $28.83 and sold 5,000 shares at $76.40 to hold no shares and 58,400 options; Otis Goheen, senior officer, exercised an option to buy 6,000 shares at $28.83 and sold 6,000 shares at prices ranging from $77.87 to $78.11 to hold no shares and 41,000 options.

— Glamis Gold (GLG-T) — Randy Reifel, director, sold 50,000 shares at prices ranging from $23.20 to $24.35 to hold 2.4 million shares.

— Guyana Goldfields (GUY-T) — Patrick Sheridan, director, senior officer and 10% security holder, sold 147,200 shares at prices ranging from $1.60 to $1.75 to hold 633,395 shares.

— Hawk Precious Minerals (HWKPF-O) — Walter Brooks and Vance White, both directors, senior officers and 10% security holders, sold 280,000 shares privately at 20 to hold 95,000 options each.

— Inco (N-T) — Stephanie Anderson, senior officer, exercised an option to buy 6,500 shares at $17.62 and sold 6,500 shares at prices of $32.75 and $32.80 to hold 24 shares and 34,000 options; Stuart Feiner, senior officer, exercised options to buy 6,000 shares at $18.16 and sold 6,000 shares at prices ranging from $32.26 to $32.78 to hold 18,341 shares and 174,000 options.

— International Kirkland Minerals (IKI-V) — Donald Clark, director, senior officer and 10% security holder, sold 201,250 shares at prices ranging from 30.5 to 34 to hold 440,349 shares.

— Jaguar Resources (JRS-V) — Daniel Leonard, director, exercised options to buy 78,807 shares at prices of 30 and 40 and sold 78,807 shares at 92 to hold 939,124 shares and 308,125 options.

— Jonpol Explorations (JON-T) — John Pollock, director and senior officer, sold 611,641 shares at prices ranging from 26.5 to 30 to hold 1.69 million shares.

— Northern Orion Resources (NNO-T) — Robert Cross, director and senior officer, exercised 265,000 warrants at $1.30 and $1.50 and sold 256,000 shares at prices ranging from $3.10 to $3.38 to hold 1.1 million shares and 735,000 warrants.

— Pan American Silver (PAA-T) — Geoffrey Burns, senior officer, exercised an option to buy 40,000 shares at $8.90 and sold 40,000 shares at $17.99 to hold 159,193 shares and 205,619 shares.

— Rupert Resources (RUP-V) — David Briggs, director and senior officer, sold 100,000 shares privately at 80 and 80,000 shares at 83 to hold 394,200 shares.

— Silver Standard Resources (SSO-V) — Robert Quartermain, director and senior officer, exercised an option to buy 10,000 shares at $3.01 and sold 10,000 shares at $12.66 to hold 230,000 shares and 450,000 options.

— Stroud Resources (SDR-V) — George Coburn, director and senior officer, sold 774,000 shares at prices ranging from 19.9 to 21 to hold 2.2 million shares.

— Teck Cominco (TEK-T) — Caisse de dpt et placement du Qubec, 10% security holder, sold 1.31 million shares at prices ranging from $22.58 to $24.20 to hold 3.5 million shares; David Sinclair, director, exercised an option to buy 7,500 shares and sold 7,500 shares at $24.40 and $24.45 to hold no shares and 70,100 options.

— WGI Heavy Minerals (WG-T) — Ian Falconer, director, sold 209,950 shares at prices ranging from $7.57 to $8.30 to hold 161,600 shares; Lindsay Gorrill, director and senior officer, sold 50,000 shares at $7.57 to hold 570,843 shares.

— Wolfden Resources (WLF-T) — Jean-Pierre Colin, director, sold 19,000 shares at prices ranging from $4.65 to $4.90 to hold no shares; John Pollock, director, exercised an option to buy 20,000 shares at $2.71 and sold 21,300 shares at prices ranging from $4.80 to $4.98 to hold no shares and 50,000 options.