TSX Venture Shorts (July 18, 2005)

Short positions outstanding at June 30, 2005 (change from June 15).

	Largest short positions	Change
Augusta Resource	1828159	583248
N Amer Tungsten	1324400	153200
Blue Pearl Mng	732200	66000
Forest Gate Res	729778	443500
NEMI Northern Energy	675000	616000
Sargold Resources	648200	467000
Minera Andes	501005	49290
Kensington Res	422917	34900
Sherwood Mining	358000	358000
Alexis Minerals	353500	0
Pine Valley Mining	348082	97000
Titan Exploration	331100	42000
Mustang Minerals	325100	279000
Alhambra Resources	324872	167287
Tournigan Gold	311000	306000

Largest increases in short position

NEMI Northern Energy	675000	616000
Augusta Resource	1828159	583248
Sargold Resources	648200	467000
Forest Gate Res	729778	443500
Sherwood Mining	358000	358000

Largest decreases in short position

Sterling Resources	97937	-432963
Plexmar Resources	0	-400000
Dentonia Resources	100000	-284500
Spur Ventures	30700	-260822
Entree Gold	113226	-254148