TSX VENTURE SHORT POSITIONS (August 25, 2008)

Short positions outstanding at July 31/08 (with changes from July 15/08).

Largest short positions
Raytec Metals RAY 1483000 -263800
Largo Resources LGO 1331200 -860400
Westernzagros WZR 1124514 -61700
Sherwood Copper SWC 868260 26100
Waratah Coal WCI 862432 101600
Magindustries MAA 827100 47300
Southern Arc SA 782200 500000
VMS Ventures VMS 740755 184800
Canadian Phoenix CPH 682000 682000
Gold Wheaton GLW 667473 663173
Hathor Exploration HAT 550300 41300
Kinbauri Gold KNB 513742 13236
Kootenay Gold KTN 490400 155500
Silverstone SST 433900 -52800
Skygold Ventures SKV 410000 180500
Largest increase in short position
Gold Wheaton GLW 667473 663173
Southern Arc SA 782200 500000
Western Prospector WNP 234500 234000
VMS Ventures VMS 740755 184800
Skygold Ventures SKV 410000 180500
Largest decrease in short position
Largo Resources LGO 1331200 -860400
TNR Gold TNR 0 -800000
Bear Creek Mining BCM 111700 -671135
Amazon Mining AMZ 0 -616000
Cloudbreak CDB 55108 -499892
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