TSX Venture Exchange (February 25, 2008)

On level gold and base metal prices, the S&P-TSX Venture Composite Index posted a 43.46- point gain over the holiday-shortened Feb. 12- 15 trading session to close at 2,584.99. Average daily trading volumes retracted over the week, to 65 million shares.

Bears overwhelmed bulls roughly 10 to one on the trading period, with just a dozen junior explorers touching new 52-week share price highs while 119 dipped to new annual lows.

On news of a wide gold intercept from its Fayolle project, near Rouyn-Noranda, Que., Typhoon Exploration posted the highest trading volume for the week — closing up 2.5 at 14 per share on 21.6 million shares traded. Drill hole FA-07-24 cut a pair of mineralized zones: one of 12 metres grading 13.6 grams gold per tonne, followed by a deeper zone of 40 metres at 4.3 grams gold.

With platinum prices soaring north of US$2,000 per oz. due to South African supply disruptions, Beartooth Platinum inched up 2.5 to 14.5 per share on trading volume of more than 12.3 million shares. The company continues to explore its flagship Stillwater project in Montana.

Shares of Brazilian-focused diamond hunter Iciena Ventures gained more than 100% on the week, closing up 5.5 at 10.5 apiece on trading volume of almost 11.4 million. The company is acquiring 80% of the Botavi project, in Minas Gerais state, for 10 million shares and a $2-million work commitment over two years.

Bolero Resources saw 10.3 million shares change hands over the session, closing up 4 at 26. Resource estimates for its Cannivan Gulch molybdenum property in Montana reviewed 161 million indicated tonnes of 0.06% molybdenum plus 133 million inferred tonnes at the same grade.

Orex Exploration posted trading volume of 10.2 million shares on the week, closing down half a penny at 10 per share. The company recently started drilling at its Goldboro gold project in Nova Scotia.

Shares of Aldershot Resources gained 35% over the session to close at 11.5 apiece. Recent drilling at its George project in Australia’s

TSX-V most active issues

Northern Territory has cut up to 7.1 metres grading 0.41% U₃O₈, 0.44% cobalt, 0.44% copper and 0.24% nickel in a poly-metallic vein structure.

Drill results of 251 metres grading 0.15% copper from Condor Resources’ Ocros porphyry project, north of Lima, Peru, fell short of investor expectations. The stock fell 33% over the week, or 37, to close at 75 per share.

Rainy River Resources closed the session

TSX-V greatest percentage change

up 37 at $5.62 per share on trading volume of 2.9 million shares. Recent metallurgical testing at its namesake gold project, located south of Kenora, Ont., showed recoveries of up to 94% for gold from drill core composite samples. Additionally, drilling on the 433 zone returned high-grade intercepts of up to 27.8 metres grading 5.7 grams gold, including 1 metre of 4,158 grams gold. A resource estimate for the project is expected soon.

TSX-V greatest value change

		VOLUME		WEEK
		( 000s)	HIGH	LOW	CLOSE	CHANGE
Typhoon Expl	TOO	21681	0.23	0.13	0.14	+ 0.025
Beartooth Plat	BTP	12319	0.175	0.115	0.145	+ 0.025
Iciena Vent	IIE	11387	0.105	0.05	0.105	+ 0.055
Bolero Res	BRU	10324	0.355	0.195	0.26	+ 0.04
Orex Expl	OX	10238	0.125	0.095	0.10	– 0.005
Xemplar Energy	XE	9576	4.00	3.37	3.73	– 0.09
Forest Gate	FGT	6152	0.14	0.11	0.11	+ 0.005
United Reef	URP	6028	0.07	0.04	0.05	+ 0.01
West Hawk Dev	WHD	5923	0.25	0.19	0.20	+ 0.005
Searchgold Res	RSG	5515	0.21	0.155	0.16	– 0.005

		VOLUME		WEEK
		( 000s)	HIGH	LOW	CLOSE	CHANGE
Iciena Vent	IIE	11387	0.105	0.05	0.105	+ 110.0
Copper Canyon	CPY	1553	0.66	0.365	0.55	+ 44.7
Superior Can R	CAD	18	0.12	0.085	0.085	+ 41.6
Centrasia Mng	CTM	141	0.65	0.435	0.62	+ 40.9
Stealth Mnls	SML	173	0.055	0.04	0.055	+ 37.5
Universal Powr	UNX	305	0.45	0.43	0.45	+ 36.3
Canplats Res	CPQ	1451	3.50	2.49	3.50	+ 36.1
Sidon Intl Res	SD	82	0.095	0.09	0.095	+ 35.7
Aldershot Res	ALZ	4092	0.115	0.085	0.115	+ 35.2
Mill Bay Vent	MBV	16	0.08	0.07	0.08	+ 33.3
Union Gold	UN	17	0.355	0.26	0.26	– 48.0
Goldmember Mnl	GMV	100	0.16	0.125	0.125	– 37.5
Manson Creek	MCK	49	0.10	0.065	0.085	– 37.0
Silk Road Res	SIL	10	0.75	0.60	0.60	– 33.3
Action Minls	ATM	3781	0.07	0.035	0.04	– 33.3
Condor Res	CN	2544	1.30	0.73	0.75	– 33.0
Sea Green Cap	SGS	791	0.065	0.04	0.045	– 30.7
Duncan Park H	DPH	12	0.17	0.17	0.17	– 30.6
Abitibi Mng	ABB	112	0.095	0.09	0.09	– 28.0
Newcastle Mnls	NCM	364	0.07	0.06	0.065	– 27.7

WEEK
		VOLUME	CLOSE	CHANGE
Seabridge Gold	SEA	43513	26.32	+ 1.54
Pan Oce Exp	POE	334918	13.76	+ 1.06
Canplats Re s	CPQ	1451250	3.50	+ 0.93
SouthGobi Engy	SGQ	140299	11.00	+ 0.85
Anglo Mnrls	ALM	376527	5.37	+ 0.72
Mansfld Mnrls	MDR	3064294	3.50	+ 0.50
Contintl Nickl	CNI	29900	2.80	+ 0.45
Waratah Coal	WCI	800800	2.60	+ 0.44
Gobimin	GMN	96320	2.50	+ 0.40
Rainy River Rs	RR	2900121	5.62	+ 0.37
Condor Res	CN	2543891	0.75	– 0.37
Silk Road Res	SIL	10142	0.60	– 0.30
Midway Gold	MDW	156600	3.12	– 0.30
McVicar Res	MCV	59500	1.70	– 0.25
Sacre- Coeur Ml	SCM	182150	1.37	– 0.24
Union Gold	UN	17000	0.26	– 0.24
Bear Creek Mng	BCM	43461	7.55	– 0.20
Rochester Res	RCT	156077	2.25	– 0.20
Troon Vent	TVN	16031	0.61	– 0.18
Pediment Expl	PEZ	387516	2.30	– 0.16