TSX Debentures (January 02, 2006)

Short positions outstanding at Dec. 15, 2005 (with changes from Nov. 30).

Largest short positions Change
Cypress Development 1883000 1608000
Staccato Gold Res 1466500 1005000
Laramide Resources 780892 -105143
Birch Mountain Res 768353 -120947
Committee Bay Res 765000 689800
Forest Gate Res 663700 83500
Ivana Ventures 590800 5400
Forsys Metals 515500 -158100
UC Resources 470000 370000
Bear Creek Mining 423750 49344
GBS Gold Intl 395817 164471
Alma Resources 394500 394500
United Bolero Dev 337500 337500
IMA Exploration 334800 42600
Yamiri Gold Energy 331500 331500
Largest increases in short position
Cypress Development 1883000 1608000
Staccato Gold Res 1466500 1005000
Committee Bay Res 765000 689800
Alma Resources 394500 394500
UC Resources 470000 370000
Largest decreases in short position
Emgold Mining 26970 -493630
Frontier Pacific Mining 134500 -411500
Augusta Resource 32609 -370035
Diamond Hawk Mining 0 -280000
Crowflight Minerals 0 -268000
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