Insider Trading (January 24, 2005)

The following insider trading transactions were recently reported in the OSC Bulletin, published by the Ontario Securities Commission:

— Aber Diamond (ABZ-T)– John Phillimore, director, sold 100,000 shares at $42 to hold no shares; Grenville Thomas, director, sold 25,000 shares at prices ranging from $41.25 to $41.82 to hold 256,000 shares.

— Almaden Minerals (AMM-T) — Exploration Capital Partners, 10% security holder, sold 77,400 shares at prices ranging from $1.65 to $2.05 to hold 2.13 million shares.

— Aquiline Resources (AQI-V) — Martin Walter, director and senior officer, sold 100,000 shares at $1.31 to hold 311,332 shares.

— Aur Resources (AUR-T) — David Libby, a deemed insider, exercised options to buy 30,000 shares at $1.96 and sold 30,000 shares at prices ranging from $6.01 to $6.05 to hold no shares and 155,556 options.

— Barrick Gold (ABX-T) — Michael Brown, senior officer, exercised options to buy 13,375 shares at $23.60 and $23.85 and sold 13,375 shares at $23.43 to hold no shares and 24,125 options; Patrick Garver, senior officer, exercised an option to buy 12,500 shares at $23.60 and sold 12,500 shares at $29.64 and $29.67 to hold no shares and 418,500 options.

— Bear Creek Mining (BCM-V) — Gerald Van Voorhis, director, sold 140,000 shares at 83 to hold 397,485 shares.

— Bema Gold (BMO-T) — Clive Johnson, director and senior officer, sold 25,000 shares at prices ranging from $4.16 to $4.21 to hold 704,392 shares; James Sullivan, director, exercised an option to buy 230,000 shares at $1.49 and sold 230,000 shares at prices ranging from $3.70 to $3.86 to hold 7,000 shares and 420,000 options.

— Cameco (CCO-T) — John Auston, exercised an option to buy 1,000 shares at $35.28 and sold 1,000 shares at $117.06 to hold 1,500 shares and 4,000 options.

— Canico Resource (CNI-T) — Richard Colterjohn, director, sold 24,000 shares at $13.50 to hold 63,700 shares.

— Chap Mercantile, which has since been renamed Silver Wheaton (SLW-T) — Paul Stein, senior officer, sold 100,000 shares at 65 and 69 to hold 150,000 shares.

— Denison Mines (DEN-T) — Ernest Farmer, director and senior officer, sold 25,000 shares at $12.50 and $13.37 to hold 75,785 shares.

— DRC Resources (DRC-T) — Craig Thomas, director, exercised an option to buy 25,000 shares at $3.50 and sold 12,700 shares at prices ranging from $7 to $7.85 to hold no options.

— First Quantum Minerals (FM-T) — Robert Watts, director, exercised options to buy 25,000 shares at $3.81 and sold 25,000 shares at prices ranging from $17.90 to $18.15 to hold 5,000 shares and 15,000 options.

— Glamis Gold (GLG-T) — Kevin McArthur, director, exercised options to buy 190,000 shares at $7.38 and sold 90,000 shares at $24.43 to hold 150,000 shares and 680,000 options; Dan Rovig, director, exercised an option to buy 20,000 shares at $5.60 and sold 20,000 shares at prices ranging from $23.95 to $24.50 to hold 25,000 shares and 155,000 options.

— Goldcorp (G-T) — Ronald Goldsack, director, sold 20,000 shares at $18.11 and $18.12 to hold 14,000 shares.

— Grande Cache Coal (GCE-T) — Barry Davies, director, sold 50,000 shares at $12.74 to hold 596,132 shares; Robert Stan, 10% security holder, director and senior officer, sold 190,400 shares at prices ranging from $11.50 to $12.74 to hold 205,148 shares.

— Guyana Goldfields (GUY-T) — Robert Cudney, director, exercised warrants to buy 97,967 shares at 70 and sold 120,667 shares at prices ranging from $3.27 to $4.20 to hold 1.54 million shares and no warrants.

— Iamgold (IMG-T) — Glynnis Frelih, senior officer, exercised an option to buy 10,000 shares at $3.90 and sold 10,000 shares at $10.36 to hold no shares and 45,000 options.

— Inco (N-T) — John Jones, senior officer, exercised an option to buy 16,000 shares at $27.44 and sold 16,000 shares at prices ranging from $38.66 to $39 to hold 2,656 shares and 115,000 options.

— Inmet Mining (IMN-T) — Frank Balint, senior officer, exercised options to buy 135,000 shares at prices ranging from $1.75 to $2.95 and sold 145,000 shares at $18.55 to hold 20,572 shares and 45,000 options; Wendy Kaufman, senior officer, exercised options to buy 15,000 shares at prices of $1.75 and $2.95 and sold 13,000 shares at $18.83 to hold 3,000 shares and 5,000 options; Ian Pirie, a deemed insider, exercised optons to buy 4,200 shares at $1.75 and $2.75 and sold 4,200 shares at $18.85 to hold 19,950 shares and 7,050 options.

— International Uranium (IUC-T) — Lukas Lundin, director and senior officer, exercised an option to buy 100,000 shares at $1.01 and sold 100,000 shares at $4.52 to hold 92,250 shares and 300,000 options.

— Ivanhoe Mines (IVN-T) — Raymond Flood, director and senior officer, sold 69,817 shares at $8.50 to hold 279,081 shares; Ian Ross, a deemed insider, sold 125,000 shares at prices of $8.15 and $8.19 to hold 75,000 shares.

— Laramide Resources (LAM-V) — Peter Mullens, director, sold 185,000 shares at prices ranging from 75 to $1 to hold 50,000 shares.

— Meridian Gold (MNG-T) — Wayne Hubert, senior officer, sold 5,000 shares at $19.72 to hold 19,781 shares; Brian Kennedy, senior officer, exercised options to buy 189,000 shares at prices of $4.31 and $4.62 and sold 189,000 shares at $20 and $20.03 to hold 258,068 shares and 713,729 options.

— NovaGold Resources (NG-T) — Douglas Brown, senior officer, exercised options to buy 65,185 shares at $1.01 and sold 65,185 shares at prices ranging from $8.20 to $8.29 to hold no shares and 180,000 options; Gregory Johnson, senior officer, sold 20,000 shares at $7.90 to hold 752,533 shares; Robert MacDonald, senior officer, sold 6,000 shares at $9.90 and $9.97 to hold 181,618 shares.

— Pan American Silver (PAA-T) — Steven Busby, senior officer, exercised options to buy 10,000 shares at $9.56 and sold 10,000 shares at $17.95 to hold no shares and 110,000 options; Robert Pirooz, senior officer, exercised options to buy 10,000 shares at $10.10 and sold 10,000 shares at prices ranging from $20.10 to $20.50 to hold 1,818 shares and 33,500 options.

— Quadra Mining (QUA-T) — Paul Blythe, director and senior officer, sold 25,000 shares at $6.30 to hold 975,000 shares.

— Russel Metals (RUS-T) — Brian Hedges, senior officer, sold 88,300 shares at $14.20 and $14.25 to hold 100,000 shares.

— Southwestern Resources (SWG-T) — John Paterson, director and senior officer, sold 22,300 shares at prices ranging from $15 to $15.25 to hold 951,000 shares.

— Taseko Mines (TKO-V) — Jeffrey Mason, director and senior officer, sold 81,500 shares at prices ranging from $1.90 to $2.19 to hold 160,045 shares.

— Teck Cominco (TEK-T) — Jon Aune, director, exercised an option to buy 65,000 shares at $14.87 and sold 20,000 shares at $34.38 to hold no shares and 112,500 options; Caisse de dpt et placement du Qubec, 10% security holder, sold 346,000 shares at prices ranging from $33.10 to $37.74 and bought 202,600 shares at prices ranging from $32.26 to $36.78 to hold 546,955 shares and 2,968 options; Michel Filion, senior officer, exercised an option to buy 7,500 shares at $12.30 and sold 7,500 shares at $35.30 and $35.32 to hold no shares and 49,750 options; Gary Jones, senior officer, exercised an option to buy 15,000 shares at $12.30 and sold 15,000 shares at prices ranging from $36.25 to $36.30 to hold no shares and 57,875 options; Norman Keevil III, director, exercised an option to buy 5,000 shares at $13.71 and sold 5,000 shares at $36 to hold 4,000 shares and
17,375 options; Michael Lipkewich, senior officer, exercised an option to buy 50,000 shares at $10.70 and sold 75,000 shares at prices ranging from $33.91 to $37.05 to hold no shares and 143,500 options; Lawrence Mackwood, senior officer, exercised options to buy 4,000 shares at $13.74 and sold 4,000 shares at $37.70 to hold no shares and 25,750 options; David Sinclair, director, exercised options to buy 35,100 shares at prices ranging from $12.63 to $16.59 and sold 35,100 shares at prices ranging from $35.90 to $36.15 to hold no shares and no options; John Taylor, senior officer, exercised an option to buy 25,000 shares at $10.70 and sold 25,000 shares at $36.03 to hold 1,040 shares and 133,500 options; David Thompson, director, exercised options to buy 71,000 shares at $12.84 and sold 71,000 shares at prices ranging from $35 to $37.52 to hold 15,000 shares and 887,000 options; Jim Utley, senior officer, exercised options to buy 14,400 shares at $17.84 and sold 14,400 shares at $36.10 and $36.15 to hold no shares and 54,000 options; Robert Wright, director, exercised options to buy 72,000 shares at prices ranging from $6.39 to $12.63 and sold 72,000 shares at prices ranging from $37.30 to $37.71 to hold no shares and 192,500 options.

— Tyler Resources (TYS-V) — Shane Ebert, director, sold 117,000 shares at prices ranging from 92 to 94 to hold 83,666 shares.

— UEX (UEX-T) — Walter Segsworth, director, exercised an option to buy 200,000 shares at 8 and sold 200,000 shares at $2.30 to hold 145,000 shares and 900,000 options; Stephen Sorensen, 10% security holder, director and senior officer, exercised an option to buy 100,000 shares at 8 and sold 100,000 shares at $2.20 to hold 2 million shares and 500,000 options; Graham Thody, director, sold 50,000 shares at prices ranging from $2.22 to $2.45 to hold 160,000 shares.

— Western Silver (WTC-T) — Robert Gayton, senior officer, exercised an option to buy 25,000 shares at $1 and sold 10,000 shares at $11.08 to hold 29,200 shares and 112,000 options.

— Yamana Gold (YRI-T) — Victor Bradley, senior officer, sold 69,000 shares at prices ranging from $3.33 to $3.35 to hold 252,013 shares.