September 13, 2004 CSA Securities

Vancouver - The Canadian Securities Administrators (CSA) are seeking public comment on proposed amendments to the current rules regarding mining disclosure.

The CSA is proposing amendments to National Instrument 43-101 Standards of Disclosure for Mineral Projects that reflect changes that have occurred in the mining industry, simplify the drafting, provide exemptions in specified circumstances and generally make the current NI 43-101 more user-friendly and practical. If all of the amendments are accepted as proposed, approximately 90% of the disclosure obligations and filing requirements under NI 43-101 will remain the same.

The current version of NI 43-101 will remain in place until the proposed amendments are accepted and adopted by each CSA member jurisdiction.

The proposed amendments can be viewed on the websites of several provincial securities commissions. Public comments should be submitted before December 10, 2004.

The CSA, a council of 13 securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.

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