TSX Venture Shorts (March 28, 2005)

Short positions outstanding at Mar. 15, 2005 (change from Feb. 28).

largest short positions change
Forest Gate Res 3080900 2030900
Minera Andes 853182 -365606
Augusta Resource 853100 -41000
Canalaska Ventures 690000 331500
TLC Ventures 600000 0
Franconia Minerals 599667 33000
Bell Coast Capital 564800 345800
Sargold Resources 540500 537300
Western Canadian Coal 499600 -113786
NEMI Northern Energy 427622 33922
Western Prospector Grp 412250 99950
Golden Band Res 359000 184000
Century Mining 350400 350400
Pine Valley Mining 333300 245290
Sterling Resources 305000 -404500
Largest increases in short position
Forest Gate Res 3080900 2030900
Sargold Resources 540500 537300
Century Mining 350400 350400
Bell Coast Capital 564800 345800
Canalaska Ventures 690000 331500
Largest decreases in short position
Manicouagan Minls 0 -800000
Cline Mining 35719 -591300
Cons Global Diamond 0 -570000
Palladon Ventures 10367 -565097
Sterling Resources 305000 -404500

Legend

C– CNQ trading & quotation system

N– New York Stock Exchange

O– U.S. over-the-counter

Q– NASDAQ or U.S. OTC

T– Toronto Stock Exchange

V– TSX Venture Exchange

X– American Stock Exchange

*– Denotes price in U.S.$

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