Trading Summary TSX-Venture (February 12, 2004)

Vancouver Canada’s junior exchange continued its bull run as advancing stocks beat declining stocks 493 to 410. The S&P-TSX Venture Exchange composite index closed at 1895.97, up 9.53 points, or 0.5% with 106.6 million shares traded.

Inlet Resources closed at 11, up 3, with 3.14 million shares traded. The company holds 74,280 acres of ground in the Ungava region of Quebec. The property is situated to the east of and adjoins the Falconbridge property, which hosts the Raglan mine and associated deposits.

New Shoshoni Ventures tumbled 31 and finished the day at 21 with 1.67 million shares traded. The diamond explorer’s application for Land Use Permits to continue drilling at the Drybones Bay Kimberlite near Yellowknife, was rejected by the Mackenzie Valley Environmental Impact Review Board ("MVEIRB"). The MVEIRB cited in its report that it had, after careful consideration, determined that the significant adverse impact caused by this proposed development can not be mitigated. New Shoshoni is disappointed with the recommendation made by the MVEIRB to the Minister responsible for Indian and Northern Affairs Canada, with whom the decision to accept or reject the MVEIRB’s report and its recommendations ultimately lies.

Consolidated Goldwin Ventures closed at 12.5, up 2.5 with 1.6 million shares traded. The company holds prospective diamond ground near Yellowknife NWT as well as nickel prospects in the Raglan area of northern Quebec and a gold property in northwestern BC. A drill program proposed by Consolidated Goldwin on diamond ground near the New Shoshoni’s Dry Bones prospect, in which Goldwin is earning a 50% interest from New Shoshoni, has been recommended for approval by the MVEIRB.

Spider Resources and joint venture partner KWG Resources recently tabled results from the first drill hole of their winter drilling program on the McFaulds #3 base metal target in the James Bay Lowlands of Ontario. Hole McF-20 cut 5.87 metres averaging 2.8% copper, 0.02% zinc, 0.5 gram gold and 15.5 grams silver per tonne, starting 68.4 metres down-hole. This was followed by a 4.2-metre section that averaged 0.26% copper, 11.8% zinc, and 1.57 grams silver, starting 91.2 metres down-hole. Spider closed the day at 21, down 2 with 1.5 million shares traded. KWG ended the session at 39.5, down 3 with 169,000 shares traded.