Trading Summary TSX-Venture (February 02, 2004)

Vancouver — Canada’s junior exchange started the week off on a down note as bullion continued to wallow. The S&P-TSX Venture Exchange composite index closed at 1780.26, down 13.08 points, or 0.73% with 72.5 million shares traded.

Osisko Exploration and partner Golden Hope Mines have released phase one drill results from the Timmins zone of the Bellechasse gold project. The Rico vein, which is the main high-grade mineralized structure within the Timmins zone, was again intersected in hole BD-19, and returned 25.2 grams gold over 0.90 meters. The weighted average of eleven drill intersections through the Rico vein, diluted over an average width of 2.1 meters is 12.86 grams gold. The Rico vein dips steeply to the northwest, and is open at depth, to the northeast and to the southwest. The partners plan to initiate a 2,000-meter Phase II drill program shortly. This new program will focus on extending the Rico structure, as well as the Timmins Extension zone, along strike and at depth. Osisko closed at 47, up 2 with 2.5 million shares traded.

Olympus Pacific Minerals closed at 45, up 7.5 with 2.11 million shares traded. The company tabled a resource estimate for its Phuoc Son gold project in Vietnam. Measured and Indicated resources at the Bai Dat deposit tallied to 165,000 tonnes averaging 19.38 grams gold, or 103,000 contained ounces. At Bai Go, measured and indicated resources weighed in at 153,000 tonnes averaging 8.87 grams gold, or 44,000 contained ounces. Together, the total measured and indicated resource works out to 318,000 tonnes averaging 14.32 grams gold, or 147,000 contained ounces.

Spider Resources closed at 17.5, up a penny, on 2.1 million shares. The junior holds a majority stake in the McFauld’s Lake base metal property in the James Bay Lowlands of northeastern Ontario. Diagem International Resource holds an 8% interest.