TSX VENTURE SHORT POSITIONS (January 31, 2011)

Short positions outstanding at Jan. 15/11 (with changes from Dec. 31/10).

Largest short positions

Alange Energy        ALE49700294906862

Great Western Minerals GWG44111592274618

Northern Gold Mining NGM23119701889939

Western Potash  WPX1729400281100

North American Gem NAG13480001348000

Augen Gold GLD1287850129750

Full Metal Minerals FMM1282500636500

Rye Patch Gold  RPM1253150660500

Seafield Resources SFF12332841083643

U.S. Silver          USA123000027335

Abcourt Mines       ABI1157682656612

African Gold GroupAGG939000787500

Ucore Rare Metals UCU915878690754

Quest Rare Minerals QRM847028169622

Titan Uranium       TUE844200247000

Largest increase in short position

Great Western MineralsGWG44111592274618

Northern Gold Mining NGM23119701889939

North American Gem.NAG13480001348000

Seafield Resources SFF12332841083643

African Gold GroupAGG939000787500

Largest decrease in short position

Tournigan Energy TVC0-4571600

Appalaches ResourcesAPP274-604000

Encanto Potash  EPO530000-338800

Silver Quest Resources SQI116299-330606

Levon Resources LVN130872-316386

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