TORONTO STOCK EXCHANGE (April 28, 2008)

Solid gains by potash producers and explorers helped the TSX Composite Index surge to a five-month high over the April 15-21 trading period. The index rose 582.56 points, or 4.2%, to close at 14,321.16 points.

The Global Gold Index fell 1.3% to 331.48 points while the Capped Metals and Mining Index continued its upward momentum, rising 3.4% or 29.04 points to 846.88.

On April 22, the Bank of Canada cut the lending rate by 50 basis points to 3%. The bank warned of a tough two years ahead for Canada’s economy as a result of the slowdown south of the border.

The momentum behind potash stocks remained unstoppable after a Chinese company, Sinofert, agreed to pay Mosaic Co. US$576 per ton for 1 million tons of potash. Potash Corp. of Saskatchewan reached a new high of $211.10 per share, up $25.75 from the previous period, making it the second largest publicly traded company in Canada with a market capitalization of about $63 billion.

Fertilizer maker Agrium saw its shares jump $14.61 to $92.70 each, putting it in the No. 2 spot on the value change list. Agrium announced it would divest up to seven retail centres in the United States, which will hopefully allow it to close a US$2.65-billion deal to take over the agricultural retailer UAP Holding Corp.

Potash explorer Athabasca Potash saw its shares climb 46.8%, or $2.85, to $8.94 each.

Companies with properties in Ecuador were at the other end of the scale during the session. Aurelian Resources was the top loser by value, falling $4.59 per share to $3.73, a loss of 55%. The Ecuadorian government has decided to stop all mineral exploration in the country for six months while it works on a new mining law, leaving the future of Aurelian’s Fruta del Norte gold-silver project in limbo.

Other companies with projects in the country also watched their shares plum- met. Dynasty Metals & Mining shares fell 59% or $3.83 to $2.66 apiece, while Corriente Resources dropped 36% or $1.86 to $3.28 per share.

A bid for Scandinavian Minerals made the company a top percentage gainer, rising 54.7% to $9.98 after First Quantum Minerals made a friendly offer totalling $281 million, or $9.89 per share.

Cardero Resource shares were up 51.6% to $1.85 each. The company has resumed exploration at its San Jose, Baja iron oxide-copper- gold project, in Mexico, following its settlement of a dispute over mineral tenures with Western Telluric Resources and Minera Olympic.

Crescent Gold, doubled reserves to 77,000 oz. gold at its Craggiemore deposit, in Australia, and saw its shares rise half a cent to 29 each.

TSX most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Crescent Gold	CRA	39428	0.35	0.25	0.29	+ 0.005
Eastern Platin	ELR	37598	3.38	2.92	3.07	-0.02
Uranium One	UUU	37537	4.88	4.20	4.84	+ 0.60
Yamana Gold	YRI	31567	15.29	14.08	14.13	-0.30
Aurelian Res	ARU	28998	8.66	3.05	3.73	-4.59
Timminco	TIM	23410	28.50	20.65	22.15	-3.85
Barrick Gold	ABX	20143	46.49	43.11	43.25	-0.60
Kinross Gold	K	19767	25.55	22.78	22.87	-0.39
Chariot Res	CHD	15710	1.07	0.96	0.98	-0.02
Goldcorp	G	13745	43.60	40.37	41.44	+ 0.65

TSX greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Scandinav Mnl	SGL	3649	9.98	6.45	9.98	+ 54.7
Cardero Res	CDU	612	1.96	1.18	1.85	+ 51.6
Athabasca Pota	API	8168	9.45	6.25	8.94	+ 46.8
Africo Res	ARL	297	2.70	1.60	2.25	+ 44.2
Adanac Moly	AUA	4511	0.92	0.56	0.78	+ 39.2
Homeland Enrgy	HEG	4459	1.30	0.88	1.14	+ 34.1
Spur Ventures	SVU	3430	0.97	0.73	0.88	+ 29.4
Extract Res	EXT	26	1.25	1.02	1.25	+ 25.0
Fortune Mnrls	FT	391	1.93	1.56	1.88	+ 24.5
Sulliden Expl	SUE	1272	0.68	0.53	0.66	+ 24.5
Dynasty Met&Mn	DMM	2552	6.65	1.90	2.66	-59.0
Aurelian Res	ARU	28998	8.66	3.05	3.73	-55.1
Energem Res	ENM	405	0.22	0.12	0.12	-45.4
Corriente Res	CTQ	1294	5.50	2.50	3.28	-36.1
Strategic Res	SRZ	908	2.54	1.51	1.78	-23.9
BRC DiamondCr	BCD	20	2.30	1.90	1.90	-22.4
Diamond Fields	DFI	477	0.12	0.085	0.09	-18.1
Coalcorp wt	CCJ_T	145	0.17	0.14	0.14	-17.6
Pac NW Cap	PFN	382	0.34	0.30	0.31	-17.3
Mundoro Mng	MUN	127	0.72	0.60	0.61	-16.4

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Potash Cp Sask	POT	9738225	211.10	+ 25.75
Agrium	AGU	11378875	92.70	+ 14.61
Inmet Mining	IMN	1522976	94.94	+ 5.07
Fording C C T	FDG_U	3271637	67.51	+ 3.91
MMXMineMet	XMM	24155	33 .50	+ 3.70
Scandinav Mnl	SGL	3648960	9.98	+ 3.53
Major Drilling	MDI	665660	55.68	+ 3.47
Athabasca Pota	API	8168181	8.94	+ 2.85
Teck Comin B	TCKB	13199017	48.28	+ 2.58
Harry Winston	HW	1359012	28.15	+ 2.55
Aurelian Res	ARU	28997713	3.73	-4.59
Timminco	TIM	23409584	22.15	-3.85
Dynasty Met&Mn	DMM	2551747	2.66	-3.83
Central Gold-T	GTU_U	19747	34.50	-2.29
IShCOMEXGTr	IGT	54048	90.98	-2.02
Corriente Res	CTQ	1293557	3.28	-1.86
Silver Std Res	SSO	573460	28.43	-1.62
Pan Am Silver	PAA	662044	37.92	-1.28
Centerra Gold	CG	806810	10.98	-1.23
Polaris Minls	PLS	624270	7.14	-1.00