TSE Short Positions (October 20, 1997)

Short positions outstanding at September 30, 1997.

Larger individual positions include: Barrick Gold 10,864,455, down 464,298; Bellator Exploration 170,000, up 170,000;Bema Gold 4,755,848, up 423,650; Beringer Gold 486,347, up 308,847; Campbell Resources 3,203,678, down 571,597; Genesis Exploration 110,900, up 108,300; Greenstone Resources 2,431,508, up 56,400; Gulf Canada Resources 556,510, down 2,771,425; Inco 3,766,531, down 284,956; Itec-Mineral 200,000, up 200,000; Kit Resources 167,100, up 161,100; Novicourt 814,500, up 313,600; Princeton Mining 4,048,872; Royal Oak Mines 1,417,900, up 352,600; Sherritt Int’l 1,586,834, up 367,393; SouthernEra Resources 459,100, up 302,100; TVX Gold 766,470, up 291,800; William Resources 2,152,943, down 232,259.