Insider Trading (September 06, 2004)

The following insider trading transactions were reported by the Ontario Securities Commission in the August 2004 issue of the OSC Bulletin:

— Aber Diamond (ABZ-T) — Kevin Marchant, senior officer, exercised 5,000 options at $17.50 and $26.45 and sold 5,000 shares at $40 to hold no shares and 55,000 options.

— Channel Resources (CHU-V) — Joe Kajszo, director, sold 100,000 shares at prices ranging from 21 to 24 to hold 1.57 million shares.

— Gentry Resources (GNY-T) — George Hawes, director, sold 185,000 shares at prices ranging from $2.16 to $2.19 to hold 1.16 million shares.

— Imperial Metals (III-T) — Patrick McAndless, senior officer, exercised 10,000 options at 50 and sold 10,000 shares at $6.80 and $6.85 to hold no shares and 83,900 options.

— Inco (N-T) — David Anderson, a deemed insider, exercised 4,500 options at $20.85 and sold 4,500 shares at $32.13 and $32.15 to hold 97 shares and 25,000 options.

— Ivanhoe Mines (IVN-T) — Gordon Toll, director, was granted 150,000 options at $1.50 and sold 468,300 shares at prices ranging from $4.55 to $6 to hold 1 million shares.

— Mustang Resources (MUS-T) — Richard Todd, director and senior officer, sold 218,000 shares at $5.70 to hold 415,331 shares.

— Pelangio Mines (PLG-V) — Jean-Pierre Colin, director, sold 246,000 shares at 46 and 50 to hold no shares.

— Russell Metals (RUS-T) — Marion Britton, senior officer, exercised 14,000 options at $3 to $5.20 and sold 14,000 shares at $11.45 to hold 51,077 shares and 52,500 options; Brian Hedges, senior officer, exercised 105,000 options at $3 to $9.15 and sold 105,000 shares at $11.32 to hold 188,300 shares and 265,000 options; Maureen Kelly, senior officer, exercised 52,500 options at prices ranging from $3 to $5.20 and sold 52,500 shares at $11.45 to hold no shares and 40,000 options; Lise Lachapelle, director, sold 10,000 shares at prices of $11.45 and $11.50 to hold 17,000 shares; Edward Siefel, Jr., director and senior officer, exercised 260,000 options at prices ranging from $3 to $9.15 and sold 250,165 shares at $11.32 to hold 800,000 shares and 600,000 options.

— Silver Standard Resources (SSO-V) — Robert Quartermain, director and senior officer, exercised options to buy 30,000 shares at $3.01 and sold 30,000 shares at prices ranging from $12.45 to $12.95 to hold 230,000 shares and 390,000 options.

— Stealth Minerals (SML-V) — John Barakso, 10% security holder, sold 386,500 shares at prices ranging from 25 to 29 to hold 12.4 million shares.

— Teck Cominco (TEK-T) — Caisse de depot et placement du Quebec, 10% security holder, sold 1.12 million shares at prices ranging from $23.14 to $25.15 and bought 10,100 shares at $23.17 to hold 2 million shares.

— UEX (UEX-T) — Stephen Sorensen, 10% security holder, director and senior officer, exercised 200,000 options at 8 and sold 200,000 shares at 87 to hold 2 million shares and 1.3 million options; Warren Stanyer, senior officer, exercised 100,000 options at 16 and sold 100,000 shares at 85 and 87 to hold no shares and 680,000 options.