TSX VENTURE SHORT POSITIONS (January 03, 2011)

Short positions outstanding at Dec. 15/10 (with changes from Nov. 30/10).

Largest short positions
Rare Element Res RES 5618579 4911550
Serengeti Resources SIR 3259500 3259500
Prophecy Resource PCY 2628910 2185892
Ashburton Ventures ABR 2182000 2181600
Gran Colombia Gold GCM 1548550 904675
Silver Sun Resource SSU 1516000 1240000
Great Western Minls GWG 1339203 -95516
U.S. Silver USA 1180000 149994
Western Potash WPX 1062900 213100
Creso Exploration CXT 919400 22800
Augen Gold GLD 879000 256400
Canaco Resources CAN 861405 -455852
U3O8 UWE 860690 -20924
Largo Resources LGO 825500 356000
Rainy River Resources RR 772600 -27400
Largest increase in short position
Rare Element Res RES 5618579 4911550
Serengeti Resources SIR 3259500 3259500
Prophecy Resource PCY 2628910 2185892
Ashburton Ventures ABR 2182000 2181600
Silver Sun Resource SSU 1516000 1240000
Largest decrease in short position
KWG Resources KWG 494 -1835506
Northern Gold Mng NGM 437670 -1434030
Harte Gold HRT 66000 -931000
Abcourt Mines ABI 100000 -844856
Forum Uranium FDC 600 -649400
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