Trading Summary (August 14, 2003)

Canada’s junior exchange ended the day higher with investors finding a renewed appetite for oil & gas related issues. The S&P-TSX Venture Exchange composite index ended the day up 8.39 points, or 0.68% and closed at 1,240.38.

Bishop Resources ended the day up 2 to 19 on nearly 1 million shares traded. Stock in the junior has traded heavily since it staked ground adjoining its Gordon Lake gold property in the Northwest Territories. The newly acquired project host 12 gold-bearing zones, which have been drill tested by some 79 holes. The best results from the historic drilling include 58 grams gold per tonne over 1.3 metres and 96.7 grams gold over 0.8 metre.

Spider Resources lost a penny to close at 9 with 467,000 shares traded. The junior and joint venture partner, over the counter-listed, KWG Resources are working the Spider #3 base metal prospect in the James Bay Lowlands of Northern Ontario.

Shares in IMA Explorations unchanged at $1.90 on nearly 60,000 shares traded. Investors have bid up the stock since the company reported the latest soil sample results over the highly touted Navidad silver discovery in Patagonia, Argentina. The survey has extended the metal anomalies in soils to an overall strike length of 5.8 km. Highlights of the soil survey include a 1,7 km-by-300 metre silver-copper-lead anomaly over the Navidad Hill and Galena Hill areas. Greater than 2 grams silver per tonne and generally greater than 100 parts per million copper defines the soil anomaly.