TSX Venture short positions

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

Largest short positions

Mega Precious MGP4121750155000

Sandstorm Gold SSL3474138-163513

Great Western GWG2737555-592375

Oceanic Iron FEO17502531750000

AurcanaAUN1484656-90142

Roxgold ROG1331100-29800

Luna Gold LGC12456391110639

Midlands MinMEX1012941835941

Probe Mines PRB6435312461

Emgold Mining EMR416500-9500

Manas         MNP414000413900

Gold Canyon GCU400502-12318

Bcgold  BCG393762218762

Royal Coal RDA336200-7900

Poynt CorpPYN33521410214

Largest increase in short position

Oceanic Iron OreFEO17502531750000

Luna Gold           LGC12456391110639

Midlands Minerals MEX1012941835941

Bcgold                 BCG393762218762

Rio Alto Mining RIO200003166517

Largest decrease in short position

Pelangio ExplorationPX115727-1437236

Calibre Mining  CXB0-1050000

Great Western        GWG2737555-592375

Silvercrest Mines SVL28712-543300

Balmoral Resources BAR57000-344300

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