Short Position Report

Short positions outstanding at Mar. 31/13 (with changes from Mar. 15/13).

TSX Short Positions                
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Lundin Mining LUN 66067492 -1164798          
New Gold NGD 54574008 -646384          
Osisko Mining OSK 33614808 -54068          
Dundee Precious DPM 24140610 -46806          
Barrick Gold ABX 23429563 277381          
Aurico Gold AUQ 22965414 -1822200          
Turquoise Hill TRQ 20155878 579936          
Thompson Creek. TCM 20118120 490745          
Kinross Gold K 19190141 15844757          
Eldorado Gold ELD 18305149 -3830920          
Tahoe Resources THO 16693953 120447          
Argonaut Gold AR 12838000 -372391          
First Quantum FM 12178111 -4723950          
Iamgold IMG 12158336 -586122          
Detour Gold DGC 10421739 28033          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Kinross Gold K 19190141 15844757          
Banro BAA 6031874 3599541          
Uranium One UUU 5421017 1967432          
Goldcorp G 3706277 1544623          
Cline Mining CMK 1293700 1107400          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
B2gold BTO 7814909 -6153477          
First Quantum FM 12178111 -4723950          
Yamana Gold YRI 1490383 -4339288          
Eldorado Gold ELD 18305149 -3830920          
Nevsun Reso
urces
NSU 715553 -3528631          
                 
TSX Venture Short Positions                
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Barkerville Gold BGM 2454215 -122093          
Pacific Potash PP 1258000 1258000          
Probe Mines PRB 700200 -86147          
Great Western GWG 661376 -799779          
Zenyatta Ventures ZEN 577082 -334300          
Cerro Resources CJO 500000 195500          
Argex Titanium RGX 415827 1491          
Aurcana AUN 392972 -895570          
Challenger Deep CDE 382222 10600          
Avanti Mining AVT 365000 295000          
Alpha Minerals AMW 334449 -180770          
Energold Drilling EGD 321300 -3700          
Fission Energy FIS 308091 -101693          
Galantas Gold GAL 250850 250000          
Whitemud Resources WMK.H 215800 0          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Pacific Potash PP 1258000 1258000          
Avanti Mining AVT 365000 295000          
Galantas Gold GAL 250850 250000          
American Creek AMK 198000 198000          
Cerro Resources CJO 500000 195500          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Panoro Minerals PML 86500 -5005500          
Gowest Gold GWA 0 -2999842          
Aurcana AUN 392972 -895570          
Abcourt Mines ABI 0 -807000          
Great Western GWG 661376 -799779          
                 
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