TSX Venture short positions

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

Largest short positions

Zodiac Exploration ZEX99585009923600

Great Western Min GWG4515300-126218

Levon Resources LVN2014315-12724

Goldex Resources GDX19281001640400

Sandstorm Gold  SSL1791671-12245

Largo Resources LGO149046621517

Duran Ventures  DRV125046570965

U.S. Silver       USA12003064905

Arcan Resources ARN.DB11480001148000

Allana Potash       AAA1138400-511600

Quest Rare Minerals QRM1136800114980

Andina Minerals ADM1060000810000

U3o8 Corp.      UWE1012748-30000

Pacific Coal Res PAK.WT10000001000000

Western Potash        WPX9729859200

Largest increase in short position

Zodiac Exploration ZEX99585009923600

Goldex Resources GDX19281001640400

Arcan Resources ARN.DB11480001148000

Pacific Coal ResPAK.WT10000001000000

Andina Minerals ADM1060000810000

Largest decrease in short position

Kilo Goldmines  KGL0-1458000

Dacha Strategic MetalsDSM190319-1325181

Global Hunter      BOB206152-1310848

First Lithium ResMCI205000-1047500

Trelawney Mining TRR74600-790182

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