Janis KoyanagiVice President, Business Development & StrategyToronto Stock Exchange & TSX Venture Exchange

Toronto Stock Exchange and TSX Venture Exchange:Access to Capital for Mining Companies

2

Globally Competitive Exchanges

Trends in Mining Finance

TSX and TSXV Presence in South America

Listing on TSX and TSXV

Outline

3

2,177 companies

20 graduates in First Half 201020 graduates in 200945 graduates in 2008

1,488 companies

TSX Venture Exchange

• Access to capital for earlier stage companies or smaller financings

• Total market cap of $38 Billion & average market cap of $17.4MM

• Cost effective stepping stone for international companies looking to list on a quality North American market

• Exchange mandate to mentor management of newly public companies

• Streamlined graduation to TSX when senior market requirements are met

• 103 year history

Toronto Stock Exchange

• Senior market for well established businesses and management teams with experience in public markets

• Total market cap of $1.8 Trillion & average market cap of $1.2B

• 30% of TSX issuers >$500M are interlisted on a US exchange

• Access to larger, more international institutional investors and greater analyst coverage

• Globally visible specialized indices

• 157 year history

Unique equity market structure finances a broad spectrum of companies

4

TMX Group Serves Companies at all Stages of Growth

Market Capitalization Toronto Stock Exchange and TSX Venture

Exchange

Unique feeder system

471 graduates

+ 85 M&A*

*From January 1, 2000 – June 30, 2010

4

Toronto Stock Exchange issuer base: 1,488 issuers, ~$1.8 trillion market capTSX Venture Exchange issuer base (excludes NEX): 2,177 issuers, ~$37.7 billion market cap

As at June 30, 2010

32% 33%

93%

7%1%

35%

<$50 Million $50 - $250 Million >$250 Million

% of TSX Issuers

% of TSXV Issuers

514

Issuers

498

Issuers

476

Issuers

2016

Issuers

14219

Issuers

5

Market Overview: TSX and TSX Venture

TSX Venture TSX

Number of Issuers Listed 2178 1462

Quoted Market Value (C$ Billions) $35.8 $1,771.9

Going Public Activity 202 100

Equity Capital Raised (C$ Billions) $4.8 $60.0

Value Traded (C$ Billions) $16.0 $1,398.4

Number of Trades (Millions) 5.3 191.3

Market Data for 2009 (C$)

As at December 31, 2009Source: TSX/TSXV Market Intelligence Group, WFE, Capital IQ

TSX Issuers by Sector By Number

Comm. & Media

2%Utilities &

Pipelines

2%

Clean Technology

3%

Oil and Gas

8% Financial Services

5% Tech

5%

Life Sciences

4%

Forest Products

1%

Mining

22%

Diversified

Industries

19%

Structured

Products

15%

ETFs

11%

Real Estate

3%

Life Sciences

3%

Technology

6%

Clean

Technology

4%

Real Estate

2%Mining

52%

Diversified

Industries

13%

Oil and Gas

12%

CPCs

8%

As at June 30 2010

TSX Venture Issuers by Sector By Number

6

TMX Group Global Leadership Strengths

All data is as of or YTD June 30, 2010

1466 issuers

55% of the world’s public mining companies

90 going public events

$7.8 B equity raised

$197 B value traded

129 issuers

Number one in the world by number of public clean technology companies

6 going public events

$0.606 B equity raised

$5.7 B value traded

3665 issuers

249 going public events

$25.5 B equity raised

Average Financing:

TSX $54.3 M

TSXV $3.2 M

463 issuers

Over 35% of the world’s public oil and gas companies

28 going public events

$5.97 B equity raised

$141 B value traded

Mining

Energy & Energy Services

Clean Technology

7

19.223.1

20.9

25.829.1 28.4

46.2

41.8

47.6

35.3

60.0

25.621.9

2.4 1.1 2.4 4.1

6.13.7

5.5 4.8

1.3

11.17.9

1.4

49.7

25.526.9

64.9

40.8

58.8

19.225.5 22.0

27.331.5 32.5

52.2

1999* 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2009 YTDJ une

2010 YTDJ une

Toronto Stock Exchange TSX Venture Exchange

Access to Capital: 2009 was an all time record year for financing on TSX

*TSX Venture Exchange commenced operations on November 29 1999

Toronto Stock Exchange and TSX Venture ExchangeTotal Financings (C$Billions) 1999 – 2010 June

8

International Investment Community Trades on Toronto Stock Exchange

25 International Brokers including:

• Barclays Capital• Citigroup• CSFB• Deutsche Bank• Goldman Sachs• HSBC• JP Morgan• Macquarie Capital Markets• Merrill Lynch• Morgan Stanley• Raymond James• Thomas Weisel• State Street• UBS

80 Canadian Brokers including:• BMO Nesbitt Burns• Canaccord Adams• CIBC World Markets• GMP Securities• RBC DS• Scotia Capital Markets• TD Securities• National Bank Financial

~35% of daily trading originates from International brokers

118.5

96.1

109.2

64.261.3

82.0

191.3

40.355.2

182.9

118.6

85.7

50.0

75.0

100.0

125.0

2004 2005 2006 2007 2008 2009

0

50

100

150

200

Volume (B) Number of Transactions (M)

Volume CAGR 14%

Transactions CAGR 37%

Toronto Stock Exchange Volume and Transactions

(2004-2009)

9

Globally Competitive Exchanges

Trends in Mining Finance

TSX and TSXV Presence in South America

Listing on TSX and TSXV

Outline

10

Key Global Mining Trends on Our Markets

UK/Europe:Increase in Dual Listings

USA:Increase in Trading Flow

Latin America:•Record year for capital raised for projects •Increase in New Listings

Australia:Increase in Dual Listings and equity raised

Asia:Increase in New Players

Increase in New ListingsIncrease in Gold FinancingsIncrease in New CommoditiesIncrease in New Players/M&A

Africa:Increase in Equity Raisedfor African Projects

11Source: Gamah International

TMX leads in mining financing and new listing

TSX/TSXV

LSE/AIM ASX NYSE Amex

NYSE HKEx JSE

Q1+Q2

2010

$7.8 $2.1 $0.405 0 $0.004 $2.3 $0.528

2009

$22.2 $22.3 $13.5 0 $4.5 $3.0 $0.007

2008

$8.3 $5.0 $3.1 0 $5.4 $1.3 $0.040

2007

$20.5 $9.3 $8.3 $0.095 $2.6 $0.909 $1.5

2006

$12.5 $10.8 $2.2 0 $0.571 $2.7 $0.047

Mining Equity Financings 2005 to First Half 2010 ($Billions)

TSX/TSXV

LSE/AIM ASX NYSE Amex

NYSE HKEx JSE

Q1+Q2

2010

90 9 20 2 3 2 2

2009

104 4 22 1 1 1 0

2008

138 29 9 5 3 3 2

2007

186 142 33 13 3 n/a 4

2006

112 70 55 14 6 n/a 10

New Mining Listings 2005 to First Half 2010

12

2349

1493

3183

15361611

235323312430

16891761

1374

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Number on TSX/ TSXV Number on Other Exchanges

Global mining finance market continues to build

Source: Gamah International, 1999-2009, compiled by Toronto Stock Exchange

$4.6 $5.4$4.2$13.2 $13.4 $14.0 $11.7

$30.0

$50.3$42.3

$65.9

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Equity Raised on TSX/ TSXV Equity Raised on Other Exchanges

Global Mining # of Financings transactions 1999-2009

Global Mining Equity Financing Trend 1999-2009 (C$B)

13

$0.100

$1.1 $0.950

$0.528$0.405

$0.004

TSX Hong Kong TSXV AIM LSE J SE ASX NYSE Other

Mining Financing Update – First Half 2010

Source: Gamah International, YTD June 30 2010, Compiled by TMX Group

1 64926 27142

$6.0

$2.3

Number of Financings

$1.8

1

First Half 2010 Mining Equity Financings ($ Billions)

6

First Half 2010:

•$13 Billion total equity capital raised globally•1100+ financings

2 1

14

Our mining companies have operations around

the worldAfrica:TSXV: 100 CompaniesTSX: 69 Companies

UK/Europe:TSXV: 50CompaniesTSX: 31 Companies

Russia & CIS Countries:TSXV: 15 CompaniesTSX: 16 Companies

USA:TSXV: 232 CompaniesTSX: 98 Companies

Central America & Caribbean:TSXV: 29 CompaniesTSX: 20 Companies

South America:TSXV: 177 CompaniesTSX: 82 Companies

Mexico:TSXV: 134 CompaniesTSX: 62 Companies

Australia/NZ/PNG:TSXV: 37 CompaniesTSX: 43 Companies

Asia:TSXV: 64 CompaniesTSX: 42 Companies

Source: InfoMine, June 2010

Canada:TSXV: 756 CompaniesTSX: 170 Companies

15

International Mining Companies by the Numbers

141Inter. Mining

Cos. on TSX and TSX V

$62B

Market Cap

$4.8B

Raised Through 140 Financings in

200912BShares Traded

Through 6 Million Transactions in

2009

5Average Number

of Analysts Covering Int’l Mining Cos.

Australia, 32, 23%

USA, 61, 42%

China, 12, 9%

UK/ Eur, 10, 7%

Latin America, 11, 8%

Africa, 10, 7%

Other, 5, 4%

Unless otherwise noted, all numbers are as at June 30 2010

16

Globally Competitive Exchanges

Trends in Mining Finance

TSX and TSXV Presence in South America

Listing on TSX and TSXV

Outline

17

TSX and TSXV Mining Companies are Active in South America

264Number of

Mining Companies in South America

992Number of S. American

Mining Properties

85Number of Mining Companies in Peru

(264 Mining Properties)

$1.4B

Amount of Equity Capital Raised in 2009

for Peru Mining Projects Through 36

Financings

$3.0B

Equity Capital Raised in 2009 for S.

American Mining Projects Through 125

Financings85

YTD June 30, 2010$974M equity capital raised for S. American Mining Projects through 47 financings$148M equity capital raised for Peru Mining Projects through 17 financings

18

TSX and TSXV mining companies with projects in Peru

There are 28 TSX companies with 112 properties in PeruBARRICK GOLD CORPORATIONCANDENTE COPPER CORP.CARDERO RESOURCE CORP.CHARIOT RESOURCES LIMITEDCROCODILE GOLD CORP.DYNACOR GOLD MINES INC.GEOLOGIX EXPLORATIONS INC.GOLDEN MINERALS COMPANYGRANDVIEW GOLD INC.IAMGOLD CORPORATIONINMET MINING CORPORATIONINTERNATIONAL MINERALS CORPORATIONMALAGA INC.MAWSON RESOURCES LIMITEDMINERA IRL LIMITEDNORSEMONT MINING INC.PAN AMERICAN SILVER CORP.PARAMOUNT GOLD AND SILVER CORP.SILVER STANDARD RESOURCES INC.SILVER WHEATON CORP.SOLITARIO EXPLORATION & ROYALTY CORP.SPROTT RESOURCE CORP.SULLIDEN GOLD CORPORATION LTD.TECK RESOURCES LIMITEDVAALDIAM MINING INC.VENA RESOURCES INC.YAMANA GOLD INC.ZINCORE METALS INC.

There are 57 TSXV companies with 152 properties in Peru

AGUILA AMERICAN RESOURCES LTD.ALTURAS MINERALS CORP.AM GOLD INC.AMERICAS PETROGAS INC.ANDEAN AMERICAN GOLD CORP.ANDEANGOLD LTD.ANTARES MINERALS INC.AQM COPPER INC.ARCTURUS VENTURES INC.BEAR CREEK MINING CORPORATIONCANADIAN SHIELD RESOURCES LTD.CENTURY MINING CORPORATIONCONDOR RESOURCES INC.DORATO RESOURCES INC.DURAN VENTURES INC.EL CONDOR MINERALS INC.ESPERANZA SILVER CORPORATIONFISSION ENERGY CORP.FOCUS VENTURES LTD.FORTUNA SILVER MINES INC.GALENA INTERNATIONAL RESOURCES LTD.GITENNES EXPLORATION INC.GOLD HAWK RESOURCES INC.GOLDEN ARROW RESOURCES CORPORATIONGRENVILLE GOLD CORPORATIONIBERIAN MINERALS CORP.INCA PACIFIC RESOURCES INC.JOURNEY RESOURCES CORP.LARA EXPLORATION LTD.LATEEGRA GOLD CORP.LUCKY MINERALS INC.

Source: Infomine

MACUSANI YELLOWCAKE INC.MAGELLAN MINERALS LTD.MPH VENTURES CORP.NETWORK EXPLORATION LTD.NEW DIMENSION RESOURCES LTD.NEW HIGH RIDGE RESOURCES INC.NEW OROPERU RESOURCES INC.PANORO MINERALS LTD.PANTHERA EXPLORATION INC.PLEXMAR RESOURCES INC.RADIUS GOLD INC.RIO CRISTAL RESOURCES CORP.ROCMEC MINING INC.SALAZAR RESOURCES LIMITEDSHANE RESOURCES LTD.SIENNA GOLD INC.SINCHAO METALS CORP.SOLITAIRE MINERALS CORP.SOUTHERN ANDES ENERGY INC.ST. ELIAS MINES LTD.STRAIT GOLD CORPORATIONTAMERLANE VENTURES INC.TINKA RESOURCES LIMITEDULTRA LITHIUM INC.UPPER CANYON MINERALS CORP.WEALTH MINERALS LTD.

19

20

50

10

63

85*

27

62

17

3

3

14 4 2

Snapshot of recent companies active in South America

Andean Resources Ltd. (TSX:AND ASX:AND) - $235 million raised for gold in August, 2010 - Australian Company Developing Major Gold Asset

Continental Gold Limited (TSX:CNL) - $28 M Financing - Raising $60 M presently

Lithium Americas (TSX:LAC)

- $45 M IPO in May 2010

Rio Novo Gold Inc. (TSX:RN)MBAC Fertilizer Corp. (TSX:MBC)Kinross Gold Corp. (TSX:K NYSE:KGC)Mirabela Nickel Ltd. (TSX:MNB ASX:MBN)Jaguar Mining Inc. (TSX:JAG NYSE:JAG)Colossus Minerals Inc. (TSX:CSI)

Minera IRL (TSX:IRL AIM:MIRL BVL:MIRL) - Head office in Peru - Lima and TSX listed

*Number of TSX and TSXV Companies with Projects in the Country

Source: Infomine

20

2010 New Listings and Financing Activity in South America

New Listings: Continental Gold LimitedFortuna Silver Mines Inc.Lithium Americas Corp.MBAC Fertilizer Minera IRL Limited Rio Novo Gold Inc.Ecopetrol S.A.Santa Barbara Resources Limited

(TSXV)

New Financings for South American Projects First Half 2010:

Silver Standard Resources: $120 million (a portion for gold/silver/base metals in Argentina)

Rio Novo Gold: $46 million for gold in BrazilLithium Americas: $45 million for lithium/potassium in

ArgentinaGreystar Resources: $40 million for gold/silver in

ColombiaApoquindo Minerals Inc.: $39 million for copper in PeruCrystallex International: $35 million for gold in VenezuelaGolden Minerals Co: $35 million for silver in ArgentinaFortuna Silver Mines: $34 million for gold/silver in PeruB2Gold Corp: $32 million for gold in ColombiaSunward Resources: $25 million for gold/copper in

ColombiaVentana Gold Corp: $21 million for gold in ColombiaPeregrine Metals Ltd.: $20 million for copper in ArgentinaSulliden Exploration Inc.: $15 million for gold/silver in

PeruPolar Star Mining Corp.: $15 million for gold/silver/base

metals in ChileMirabela Nickel Ltd.: $12 million for nickel and copper in

Brazil

21

Peruvian Listings and Interlistings with BVL

‐Peruvian based silver mining company‐Projects in Peru and Mexico‐Lima and TSX listed

Fortuna Silver Mines (TSX:FVI BVL:FVI)

‐Head office in Peru‐Latin American precious metals mining, development and exploration company‐Projects in Peru and Argentina ‐Lima AIM and TSX listed

Minera IRL Limited. (TSX:IRL BVL:MIRL AIM:MIRL)

Vena Resources Inc. (TSX:VEM BVL:VEM)

Norsemont Mining Inc. (TSX:NOM BVL:NOM)

-Offices in Peru and Chile-Copper project in Peru-Lima and TSXV listed

AQM Copper Inc. (TSXV:AQM BVL:AQM)

Candente Copper Corp (TSX:DNT BVL:DNT)

-Peruvian based gold and copper-gold deposits exploration company-Lima and TSXV listed

Alturas Minerals Corp. (TSXV:ALT BVL:ALT)

Panoro Minerals Ltd. (TSXV:PML BVL:PML)

Inca Pacific Resources Inc. (TSXV:IPR BVL:IPR)

Rio Alto Mining Limited (TSXV:RIO BVL:RIO)

Interlistings with Lima:

22

Alturas Minerals Corp.Alturas Minerals Corp. engages in the exploration and development of mineral resource properties in Peru, focusing on the discovery of epithermal gold mineralized deposits & copper-gold porphyry/skarn deposits. It principally has interests in four mineral exploration projects located in southern Peru. The company is based in Lima, Peru.

Date of ListingListed on TSX Venture Exchange by Reverse Take Over on April 10, 2006Listed on Lima Stock Exchange

Financings $1.52 Million Private Placement in April 2010$10 Million Private Placement in June 2007$7 Million Private Placement in April 2006

Market Capitalization

$6.839 Million as of August 31, 2010 based on 71.98 million shares outstanding

2 Year Price and Trading

Volume As at Aug 31/10

*(Source: Capital IQ)

ALT

0.0

0.1

0.1

0.2

0.2

0.3

0.3

Aug-08 Nov-08 Feb-09 May-09 Aug-09 Nov-09 Feb-10 May-10 Aug-10

0

200,000

400,000

600,000

800,000

1m

1m

1m

2m

2m

23

Fortuna Silver Mines Inc.Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of silver, zinc, lead, gold, and copper ores. The company principally holds 100% interests in the Caylloma silver-zinc-lead mine in southern Peru; and the San Jose silver-gold project in Taviche Mining District, southern portion of state of Oaxaca, Mexico.

Listings

Graduated from TSX Venture Exchange to Toronto Stock Exchange – January 18, 2010 Listed on Lima Stock Exchange (FVI) and traded on the OTC:BB under the symbol (FVIT.F)

Financings Raised $34.5 Million in a Private Placement on TSX in March 2010Raised $53.3 Million in two Private Placements on TSX Venture between 2006 and 2007

Market Capitalization

$295.9 Million as at August 31, 2010

Analyst Coverage

7 Analyst (Source: Capital IQ)

1 Year Price and Trading

Volume History

As at Aug. 31/10

*(Source: Capital IQ)

FVI

August 2010

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10

0

500,000

1m

2m

2m

3m

24

Globally Competitive Exchanges

Trends in Mining Finance

TSX and TSXV Presence in South America

Listing on TSX and TSXV

Outline

25

Why Companies Consider TSX and TSX Venture Exchange

Unique Public Market for small to mid cap companies

• Access to Capital

• Liquidity

• Visibility

26

Going Public on Toronto Stock Exchange or TSX Venture Exchange

27

Regulating Canada’s Mining SectorUnderstanding the Regulatory Landscape in Canada• TMX has supervision of new listings and matters pertaining to continued listing requirements. • IIROC - National self-regulatory organization which oversees all investment dealers and trading

activity in Canada.• Securities Commission - Regulates investment funds and is responsible for overseeing capital

markets and certain provisions of the Business Corporations Act.

Standards-based exchanges that promote integrity for public SMEs• Access to specialized products for TSX/TSXV listing.• Policies for different size companies related to financial reporting, corporate governance and

financing methods.

Regulations to encourage develop of the mining sector• Tailored listing requirements for mining sector.• Regulations such as TMX’s Timely Disclosure Policy, National Instrument 43-101 and the Qualified

Person requirement.

Mining focused economy supported by capital markets• Milestones such as a Canada’s Mineral Exploration Tax Credit and Mining Standards Task Force.• Expertise in mining across the capital markets, legal community and stock exchanges.• An increase in investment funds focused on mining sector.

Canadian regulatory commissions and exchanges are customer-focused• Access to U.S. capital without the higher cost of regulatory compliance• Exemptions available for certain markets and dual listed companies• Right balance of regulatory oversight and timely disclosure compared with other markets.

28

TMX Group has listing criteria specifically for the mining sector

This table is an overview. For detailed listing requirements go to www.tmx.com

Technical Listing Requirements:

• Minimum Property Ownership

• Management Track Record and Experience

• Sufficient Working Capital and/or Mine Life

• NI 43-101 Report

• Exploration & Development or Producing Requirements

29

Capital Pool Company™ (CPC) Program has a Strong Track Record

Since inception:•Over 2050 CPCs were created•80% have completed their QT – over 1600 companies

Currently:•329 Graduates now trade on TSX•96 of the grads were CPCs•47 of 82 QTs in 2009 were mining•36 of 62 QTs in the first half of 2010 were mining

30

Seed Financing and Prosp

ectus

Public O

ffering

Trade as CPC

Announce QT

File Disc

losure Statement

Trade as Venture

Company

CPC Acquires Business (QT)

Public Financing and CPC Trades

Prospectu

s Rece

ipt

Close Transa

ction

Seed

Identify Q

ualifying Transa

ction

24 Months Maximum

Capital Pool Company: Process

Aftermarket and Growth

Execute Busin

ess

Plan/Grow

Company

31

Why/When a CPC

• Alternative access to capital; Retain higher ownership• Want to be public company (M&A currency, stock options, visibility)• Greater flexibility, certainty and control in the process• Going public risk reduced

• Management (public company experience)• Long term strategy to grow as a public company• Reasonable valuation = Viable share structure• Investor support• Appropriate advisors (lawyer, broker, investment banker)

Company Wants/ Needs

Critical Success Factors

• Company is too early stage for a broadly distributed regular IPO• IPO market is not strong enough in general• VC financing is not viable or management prefers not to use• Market appears to reward growth business of target company’s

sector

Market Condition

s

32

Dual Listing Market Continues to Evolve on TSX

Key Trends

•Growing number of dual listed success stories

•Dual listed cos. have steadily built profile

•Greater interaction between key mining exchanges

•Dual list process continues to improve

• Accessed significant capital and trading on TMX

• Improvements in home market valuations and trading liquidity

• More mines put into production

Dual Listed Companies:

33

FAQs for International Companies

• IFRS Accounting/Audit Standards and U.S. GAAP accepted without reconciliation

• Board and management must have adequate relevant North American public company experience – Canadian directors are not required

• Must have a plan for adequate shareholder base & distribution of shares to support a liquid market on TSX. 300 worldwide shareholders holding more than a board lot. There is no requirement for Canadian shareholders.

• Canadian office not required – Recommend a contact person in Canada be accessible for shareholders and analyst inquiries

• NI 43-101 accepts JORC, SAMREC and international resources and reserves standards. The report should cover all material properties. The recommended work program should coincide with the 18 month projection of sources and uses.

• Sponsorship is generally required for a new entrant unless the company: is profitable, or completes a prospectus/financing with TSX brokers or sufficient due diligence completed on other market. Nomad requirement not applicable in Canada.

34

Differentiating Ourselves from Other Marketplaces

Uniqueness Access to Capital

Liquidity International

• Market structure facilitates graduation from junior market (TSXV) to senior market (TSX)

• Strong feeder system

• Market of choice for Resource and small and mid-cap companies

• Steady growth of capital investment over past 5 years

• Record breaking year in 2009 -- $64.9 billion raised

• Access to North American capital

• Value traded has more than doubled over the past 5 years

• Record breaking year in 2009 for trading volumes and transactions

• 295 international companies on TMX

•148 US, 54 China and 32 Australia

35

7th

in MarketCapitalizatio

n

Canadian Equity Markets… Global Leaders

6th

in EquityFinancing

36

ChinaAnnie Tao416 947-4273annie.tao@tmx.com

Diversified IndustriesRaymond King416 947-4675raymond.king@tmx.com

United StatesTala Zarbafi416 947-4636tala.zarbafi@tmx.com

EnergyCindy Gray403 218-2822cindy.gray@tmx.com

MiningGreg Ferron416 947-4477greg.ferron@tmx.com

Clean TechnologyRobert Peterman416 947-4305robert.peterman@tmx.com

This document is for information purposes only and is not an invitation to purchase securities listed on Toronto Stock Exchange

and/or TSX Venture Exchange or Natural Gas Exchange. TMX Group Inc. and its affiliates do not endorse or recommend any

securities referenced in this document. Please seek professional advice to evaluate specific securities.

While the information herein is collected and compiled with care, neither TMX Group Inc. nor any of its affiliated companies

represents, warrants or guarantees the accuracy or the completeness of the information. You agree not to rely on the information

contained herein for any trading, business or financial purpose.

This information is provided with the express condition, to which by making use thereof you expressly consent, that no liability shall

be incurred by TMX Group Inc. and/or any of its affiliates as a result of any errors or inaccuracies herein or any use or reliance upon

this information.

© 2010 TMX Group Inc.