TSX VENTURE SHORT POSITIONS (July 28, 2008)

Short positions outstanding at July 15/08 (with changes from June 30/08).

Largest short positions
Largo Resources LGO 2191600 – 2765100
Potash North PON 2178300 -409000
Raytec Metals RAY 1746800 -131200
Westernzagros WZR 1186214 60769
West Hawk WHD 1006000 -123000
Sherwood Copp SWC 842160 -500
TNR Gold TNR 800000 800000
Bear Creek BCM 782835 115394
Magindustries MAA 779800 -21483
Waratah Coal WCI 760832 139132
Amazon Mining AMZ 616000 -135000
VMS Ventures VMS 555955 -140217
Explor Res EXS 555500 394588
Cloudbreak CDB 555000 – 1304609
Orko Silver OK 512000 205893
Largest increase in short position
TNR Gold TNR 800000 800000
Ucore Uranium UCU 423500 423500
Explor Resources EXS 555500 394588
Kinbauri Gold KNB 500506 296292
Northern Superior SUP 263000 263000
Largest decrease in short position
Largo Resources LGO 2191600 – 2765100
Cloudbreak CDB 555000 -1304609
N. American Gem NAG 75000 -752500
Roca Mines ROK 294800 -626700
Copper Mountain CUM 281300 -513200
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