Trading Summary (January 09, 2004)

Canada’s junior exchange ended the week by posting solid gains. The S&P-TSX Venture Exchange composite index gained 17.71 points, or 0.99% and closed at 1,804.57.

Beta Minerals added 1.5 to close at 24.5 on 6.2 million shares traded. The junior was formed in 2002 from the exploration assets of the former Highwood Resources. The assets include the Thor Lake beryllium and tantalum property in the Northwest Territories, and the Mikwam gold property along the Quebec-Ontario boundary

Newly named China Diamond added 6.5 to close at 45.5 on 3.4 million shares traded. The company, which changed its name from Pan Asia Mining, has a controlling interest in a Sino-Foreign joint venture company in the Shandong Province in the People’s Republic of China. The Joint Venture Company owns and operates the 701 Changma Diamond Mine.

Making a nice percentage gain, Canadian Metals Exploration surged 12 to close at 61 on 2.25 million shares traded. The junior holds the Turnagain nickel project some 70 km east of Dease Lake in northern BC. A total of 3,915 metres have been drilled in 19 diamond drill holes during 1996, 1997 and 1998. These drill holes were designed for testing widely separated areas for nickel mineralization.