Trading Summary (September 30, 2003)

Vancouver — Canada’s junior exchange ended the trading day on an up note with advancing stocks beating declining stocks 386 to 371. The S&P-TSX Venture Exchange composite index closed up 9.87 points, or 0.71%, to 1393.15 with 65.7 million shares traded.

ECU Silver Mining continued to trade heavily adding a penny and closing at 15, with 1.7 million shares traded. The stock resumed trading Aug. 8 after a cease-trading order was lifted. The original vendors have challenged ECU’s ownership (through a subsidiary) of the mining properties in the Velardena area of Mexico. The dispute has resulted in a production shortfall: only 2,606 tonnes were milled between March 24 and May 4 instead of the 5,000 tonnes planned. The average grades for that period were 6.15 grams gold and 299 grams silver, with recoveries of 75% for gold and 38% for silver.

New Guinea Gold closed at 26, up 4 with 1.17 million shares traded. The junior recently closed its previously announced Short Form Offering of up to 11 million units for a gross proceeds of $1.2 million. Each unit will consist of a share and 1/2 non-transferable warrant. Each whole warrant will be exercisable into an additional share for a period of one year from closing at an exercise price of $0.12. The money will be used to revise the feasibility study for the Sinivit gold project in Papua New Guinea. It will also be put towards feasibility studies on the Imwauna and Weioko projects and for working capital purposes.

Boulder Mining added 3 to its value and closed at 38 with 996,483 shares traded. The company recently kicked off a 3,000 metre reverse circulation drilling program at the Tevrede copper-gold project. The property covers an area of about 190 sq. km in northwest Namibia.