TSX Venture Exchange Daily Bulletins



    VANCOUVER, March 16 /CNW/ -

    
    TSX VENTURE COMPANIES
    ACCELRATE POWER SYSTEMS INC. ("APS")
    BULLETIN TYPE: Shares for Bonuses
    BULLETIN DATE: March 16, 2007
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing the Company's proposal to
issue 8,250 bonus shares in consideration of a $33,000 secured loan to the
following insiders:

    Name                                                  Shares
    Reimar Koch                                           8,250

    For further information please refer to the Company's new release dated
March 9, 2007.

    TSX-X
                 -------------------------------------------

    BAYSWATER URANIUM CORPORATION ("BAY")
    BULLETIN TYPE: Halt
    BULLETIN DATE: March 16, 2007
    TSX Venture Tier 2 Company
    Effective at 5:55 a.m. PST, March 16, 2007, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
this regulatory halt is imposed by Market Regulation Services, the Market
Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the
Universal Market Integrity Rules.

    TSX-X
                 -------------------------------------------

    BAYSWATER URANIUM CORPORATION ("BAY")
    BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Remain Halted
    BULLETIN DATE: March 16, 2007
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation in connection
to a Letter Agreement dated December 5, 2006 between the Company and Commander
Resources Ltd. ("Commander") whereby Commander has acquired 50% of the
Company's 90% interest (or a 45% interest) in the Mineral Claim License Number
10751M located in the Cochrane Pond area of southern Newfoundland. The
property is subject to an underlying agreement between the Company and Lewis
Murphy dated October 5, 2006 of which Commander will assume 50% of the
Company's obligations and payments including a payment of $12,500, 80,000
common shares and contributing $50,000 in exploration funding to the Company
in the first year. Subsequent optional obligations will be $175,000, 450,000
common shares and $450,000 in exploration work over a period of four years.

    Further to the Bulletin dated March 16, 2007, trading in the shares of the
Company will remain halted.

    TSX-X
                 -------------------------------------------

    BENTON RE

SOURCES CORP. ("BTC") BULLETIN TYPE: Property-Asset or Share Disposition Agreement BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with an option and joint venture agreement between the Company and Tri-Gold Resources Corp. ("Tri-Gold") dated January 18, 2007 (the "Agreement") pursuant to which Tri-Gold will acquire from the Company an option to earn a 60% interest in certain mineral claims located within Block "A" of the Nipigon Lake area, Ontario (the "Nipigon Uranium Project'). Under the Agreement, in order to earn a 50% interest in the Nipigon Uranium Project (the "Initial Option"), Tri-Gold must spend $500,000 on the Nipigon Uranium Project by (i) reimbursing Stares Contracting Ltd. for the costs of staking additional claims within Block "A"; (ii) paying for the costs of staking claims within Block "A" since May 1, 2005; (iii) conducting, by April 30, 2007, an AEM survey over the Property; and (iv) conducting by September 1, 2007, exploration work on the property in the amount of $500,000 less the costs incurred under (i), (ii) and (iii) above. Provided that Tri-Gold exercises the Initial Option, Tri-Gold may exercise a second option (the "Second Option") to earn a further 10% interest in the Nipigon Uranium Project by: (i) giving the Company notice that it wishes to exercise the Second Option within 30 days of exercising the Initial Option; and (ii) spending an additional $500,000 on exploration on the Nipigon Uranium Project within 12 months of giving notice that it wishes to exercise the Second Option. If Tri-Gold elects not to exercise the Second Option, then the parties will form a 50/50 joint venture for the further development of the Nipigon Uranium Project. If Tri-Gold exercises the Second Option, then the parties will form a joint venture for the further development of the Nipigon Uranium Project with Tri-Gold having a 60% interest in the joint venture and the Company having a 40% interest in the joint venture. TSX-X ------------------------------------------- CANADIAN EQUIPMENT RENTAL FUND LIMITED PARTNERSHIP ("CFL.UN") BULLETIN TYPE: Notice of Distribution BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company The Issuer has declared the following distributions: Distribution per Trust Unit: $0.13 Payable Date: April 13, 2007 Record Date: March 30, 2007 Ex-Distribution Date: March 28, 2007 TSX-X ------------------------------------------- CANADIAN IMPERIAL VENTURE CORP. ("CQV") BULLETIN TYPE: Halt BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company Effective at 5:57 a.m. PST, March 16, 2007, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules. TSX-X ------------------------------------------- CARLTON TRAIL LIMITED PARTNERSHIP ("CTP.UN.A") BULLETIN TYPE: Property-Asset or Share Disposition Agreement BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pursuant to an arm's length Commercial Real Estate Purchase Contract dated February 10, 2007, whereby Carlton Trail Limited Partnership (the "Company") has sold a 36 unit residential apartment building located at 2730 - 17th Avenue SW, Calgary, Alberta, to Donna Rooney Real Estate Inc. for consideration of $5,500,000 cash. TSX-X ------------------------------------------- CERVUS LP ("CVL.UN") BULLETIN TYPE: Notice of Distribution BULLETIN DATE: March 16, 2007 TSX Venture Tier 1 Company The Issuer has declared the following distributions: Distribution per Trust Unit: $0.09 Payable Date: April 16, 2007 Record Date: March 31, 2007 Ex-Distribution Date: March 28, 2007 TSX-X ------------------------------------------- CHALK MEDIA CORP. ("CKM") BULLETIN TYPE: Resume Trading BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company Effective at the open, March 16, 2007, shares of the Company resumed trading, an announcement having been made over Vancouver Market News. TSX-X ------------------------------------------- CONSOLIDATED BEACON RE

SOURCES LTD. ("KBC") BULLETIN TYPE: Shares for Debt BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue convertible debentures ('New Debentures') in the amount of $600,000 in settlement of previous debentures ('Old Debentures') for the same amount. The New Debentures are convertible into Units at a rate of $0.10 per Unit until the maturity date, being February 23, 2008 ('Maturity'). Each Unit consists of one common share and one warrant exercisable for one additional common share at a price of $0.15 until Maturity. The Old Debentures, accepted by the Exchange on August 9, 2006, expired on December 21, 2006. The holders of the New Debentures are the same as the holders of the Old Debentures. Number of Creditors: 7 Creditors The Company shall issue a news release when the New Debentures are issued and the Old Debentures are extinguished. TSX-X ------------------------------------------- ENERGY FUELS INC. ("EFR") BULLETIN TYPE: Graduation BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has been advised that the Company's shares will be listed and commence trading on Toronto Stock Exchange at the opening on March 19, 2007, under the symbol "EFR". As a result of this Graduation, there will be no further trading under the symbol "EFR" on TSX Venture Exchange after March 16, 2007, and its shares will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange. TSX-X ------------------------------------------- EXCHANGE INDUSTRIAL INCOME FUND ("EIF.UN") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: March 16, 2007 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to an asset purchase agreement with Water Blast Manufacturing (1990) Ltd., 1028849 Alberta Ltd., 470577 Alberta Ltd., Ray Moher, Jacqueline Moher, and Water Blast Manufacturing LP dated March 16, 2007 and announced December 21, 2006 in which the Company will acquire, through its wholly-owned subsidiary Water Blast Manufacturing LP, all of the assets used in connection with the manufacturing business of 1028849 Alberta Ltd. and Water Blast Manufacturing (1990) Ltd. operated out of Edmonton, AB for approximately $18,300,000. Consideration will consist of $5,000,000 in Trust Units (392,773 Units at $12.73 per Unit), a $960,000 Promissory Note, and the remainder in cash. TSX-X ------------------------------------------- GALORE RE

SOURCES INC. ("GRI") BULLETIN TYPE: New Listing-IPO-Shares BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company The Company's Initial Public Offering ('IPO') Prospectus dated January 25, 2007, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta, and Saskatchewan Securities Commissions on January 31, 2007, pursuant to the provisions of the applicable Securities Acts. The gross proceeds received by the Company for the Offering were $2,702,800 (6,757,000 common shares being 4,368,500 non flow-through shares at $0.40 per share with one share purchase warrant attached to purchase one additional common share exercisable at $0.50 per common share for a period of 18 months and 2,388,500 flow-through shares at $0.40 per share with one half share purchase warrant attached, one whole share purchase warrant to purchase one additional common share exercisable at $0.60 per common share for a period of 18 months). The Company is classified as a 'Mineral Exploration' company. Commence Date: At the opening Monday, March 19, 2007, the Common shares will commence trading on TSX Venture Exchange. Corporate Jurisdiction: British Columbia Capitalization: Unlimited common shares with no par value of which 17,453,321 common shares are issued and outstanding Escrowed Shares: 4,117,001 common shares are subject to a 36 month staged release escrow. Transfer Agent: Pacific Corporate Trust Company Trading Symbol: GRI CUSIP Number: 364096 10 7 Agent: Wolverton Securities Ltd. Agent's Warrants: 66,320 non-transferable share purchase warrants. One warrant to purchase one share for $0.40 per share for a period of up to two years and an Agent's Option to purchase 1,013,550 Units at $0.40 per Unit for a period of up to two years each Unit consisting of one share and one warrant each warrant to entitle the Agent to purchase one additional common share at $0.50 per common share for a period of 18 months. For further information, please refer to the Company's Prospectus dated January 25, 2007. Company Contact: Michael W. Byrne, President & CFO Company Address: 506-595 Howe Street Vancouver, BC, V6C 2T5 Company Phone Number: 604-647-2298 Company Fax Number: 604-647-0086 Company Email Address: mbyrne@galoreresources.com TSX-X ------------------------------------------- GEOLOGIX EXPLORATIONS INC. ("GIX") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: March 16, 2007 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 15, 2007: Number of Shares: 5,000,000 shares Purchase Price: $0.75 per share Warrants: 2,500,000 share purchase warrants to purchase 2,500,000 shares Warrant Exercise Price: $1.10 for an eighteen-month period Number of Placees: 83 placees Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / No. of Shares Lisa Stefani P 15,000 Batell Investments Ltd. (Ken Bates & David Elliot) P 75,000 Ladner Rose Investments Ltd. (David Elliott & David Shepherd) P 75,000 David Elliott P 100,000 David Shepherd P 50,000 Donny Cordick P 35,000 Robert Willis Y 24,000 Jeff Willis P 40,000 Shalini Deo P 1,000 Mike Mallard Y 20,000 Pinetree Resource Partnership Y 1,000,000 Michael Westcott P 65,000 Jonathan Greer P 10,000 Dave MacLennan P 30,000 Stacey Loyer Y 10,000 Randy Smallwood Y 50,000 Dunham L. Craig Y 40,000 Finder's Fee: (*)163,216 units and (xx)233,167 warrants payable to Haywood Securities Inc. (*)7,000 units and (xx)10,000 warrants payable to Genuity Capital Markets (*)105,000 units and (xx)150,000 warrants payable to Pacific International Securities Inc. (*)1,400 units and (xx)2,000 warrants payable to Canaccord Capital Corporation (*)9,334 units and (xx)13,333 warrants payable to Versant Partners Inc. (*)14,700 units and (xx)21,000 warrants payable to Haywood Securities (USA) Inc. (*)Units are under the same terms as those to be issued pursuant to the private placement. (xx)Each warrant is exercisable into one share at $1.10 per share for an eighteen-month period. Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term. TSX-X ------------------------------------------- GRANDCRU RE

SOURCES CORPORATION ("GR") BENTON RE

SOURCES CORP. ("BTC") BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Property-Asset or Share Disposition Agreement BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Companies TSX Venture Exchange has accepted for filing an option agreement dated February 26, 2007 (the 'Agreement') between Grandcru Resources Corporation (the "Company"), and Benton Resources Corporation ("Benton"), pursuant to which the Company has an option to acquire up to a 60% interest in the South Sibley Block, Block "B" and Block "D" (collectively the "Property") located in the Sibley Basin approximately 50km to 100km north east of Thunder Bay, Ontario. Under the terms of the Agreement, in order to acquire a 50% interest in the Property (the "Initial Option"), the Company shall spend $500,000 in respect to the Property by: (i) reimbursing Benton for the costs of staking the claims comprising the Property; and (ii) conducting, by the first anniversary of the Agreement, exploration work on the Property in an amount equal to $500,000 less the costs incurred pursuant to (i) above. Provided the Initial Option is exercised, the Company may acquire up to a further 10% interest in the Property (the "Second Option") by: (a) giving notice to Benton, within 30 days of exercising the Initial Option, that the Company wishes to exercise the Second Option; and (b) by spending an additional $500,000 on exploration within 12 months of giving such notice. Upon the Company having exercised the Initial Option, if the Company elects not to exercise the Second Option, the parties will form a 50/50 joint venture for the further development of the Property. Upon the Company exercising the Second Option, the parties will form a joint venture for the further development of the Property with the Company having a 60% interest and Benton having a 40% interest. Insider / Pro Group Participation: At the time the Agreement was signed Gordon J. Fretwell was a director of both the Company and Benton. Mr. Fretwell has declared his interest in the transaction to both the Company and Benton and has abstained from voting on all directors resolutions relating to the Agreement. For further details, please refer to the Company's press release dated February 28, 2007 available on SEDAR. TSX-X ------------------------------------------- HERMES FINANCIAL INC. ("HFI.P") BULLETIN TYPE: New Listing-CPC-Shares BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company This Capital Pool Company's ('CPC') Prospectus dated January 18, 2007 has been filed with and accepted by TSX Venture Exchange and the Alberta and British Columbia Securities Commissions effective January 19, 2007, pursuant to the provisions of the Alberta and British Columbia Securities Acts. The Common Shares of the Company will be listed on TSX Venture Exchange on the effective date stated below. The Company has completed its initial distribution of securities to the public. The gross proceeds received by the Company for the Offering were $1,000,000 (10,000,000 common shares at $0.10 per share). Commence Date: At the opening Monday, March 19, 2007, the common shares will commence trading on TSX Venture Exchange. Corporate Jurisdiction: Alberta Capitalization: Unlimited common shares with no par value of which 12,400,000 common shares are issued and outstanding Escrowed Shares: 2,400,000 common shares Transfer Agent: CIBC Mellon Trust Company Trading Symbol: HFI.P CUSIP Number: 42751R 10 3 Sponsor Member: Pacific International Securities Inc. Agent's Options: 1,000,000 non-transferable Agent's Options. One option to purchase one common share at $0.10 per common share up to a period of 24 months from the date the common shares are listed on the Exchange. For further information, please refer to the Company's Prospectus dated January 18, 2007. Company Contact: Christopher F. Yee President Company Address: No.2 -136 Stonecreek Road Canmore, Alberta, T1W 3A5 Company Phone Number: (403) 617-8786 Company Fax Number: (403) 609-8209 TSX-X ------------------------------------------- INNEXUS BIOTECHNOLOGY INC. ("IXS") BULLETIN TYPE: Shares for Debt BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 496,808 shares with 322,925 share purchase warrants, where each warrant entitles the holder to purchase one common share in the capital of the Company for a two-year period at a price of $1.17, to settle outstanding debt for US$599,406. Number of Creditors: 1 Creditor For further information please see the Company's news release dated January 24, 2007. The Company shall issue a news release when the shares and warrants are issued and the debt extinguished. TSX-X ------------------------------------------- INSTORAGE REAL ESTATE INVESTMENT TRUST ("IS.UN") BULLETIN TYPE: Halt BULLETIN DATE: March 16, 2007 TSX Venture Tier 1 Company Effective at the open, March 16, 2007, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules. TSX-X ------------------------------------------- INSTORAGE REAL ESTATE INVESTMENT TRUST ("IS.UN") BULLETIN TYPE: Resume Trading BULLETIN DATE: March 16, 2007 TSX Venture Tier 1 Company Effective at 7:30 a.m., PST, March 16, 2007, shares of the Company resumed trading, an announcement having been made over Canada News Wire. TSX-X ------------------------------------------- KILGORE MINERALS LTD. ("KAU") BULLETIN TYPE: Halt BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company Effective at 5:55 a.m. PST, March 16, 2007, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules. TSX-X ------------------------------------------- NIOGOLD MINING CORP. ("NOX") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for expedited filing documentation pertaining to an Option Agreement dated February 16, 2007 between Niogold Mining Corp. (the 'Company') and Ressources Maxima Inc. (Michel Bélisle) pursuant to which the Company may acquire a 100% interest in 146 mining claims covering 8,500 hectares located 200km southeast of Val-d'Or, Quebec, known as the Pump Lake project. The consideration over a three year period is $100,000 cash, 500,000 shares, and at least $500,000 in exploration expenditures. The property is subject to a 2% net smelter return royalty of which the Company may purchase 1% for $1,000,000. TSX-X ------------------------------------------- PLATFORM RE

SOURCES INC. ("PFM") BULLETIN TYPE: Property-Asset or Share Disposition Agreement BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pursuant to a purchase and sale agreement dated March 8, 2007 between Platform Resources Inc. (the 'Company') and an arm's-length purchaser ('Purchaser') wherein the Company has agreed to sell its properties located in the areas of Crystal Hills and Macoun, in Saskatchewan. In consideration, the Purchaser will pay to the Company a total of $8,050,000 in cash. This disposition was announced in the Company's press release dated March 8, 2007. TSX-X ------------------------------------------- ROLLAND ENERGY INC. ("ROE") BULLETIN TYPE: Shares for Bonuses BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's documentation to reserve 4,888,889 shares for the exercise of 4,888,889 bonus warrants issued in consideration of a loan agreement of $2,200,000 with Primatlantis Capital. The warrants are exercisable at $0.18 per share until February 29, 2008. ROLLAND ENERGIE INC. ("ROE") TYPE DE BULLETIN : Emission d'actions en paiement de primes DATE DU BULLETIN : Le 16 mars 2007 Société du groupe 2 de TSX Croissance Bourse de croissance TSX a accepté le dépôt de documents par la société afin de réserver 4,888,889 actions suite à l'exercice de 4,888,889 bons de souscription émis à titre de prime en relation avec un contrat de prêt de 2 200 000 $ auprès de Primatlantis Capital. Les bons de souscription peuvent être exercés au prix de 0,18 $ l'action jusqu'au 29 février 2008. TSX-X ------------------------------------------- SABINA SILVER CORPORATION ("SBB") BULLETIN TYPE: Company Tier Reclassification BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company In accordance with Policy 2.5, the Company has met the requirements for a Tier 1 company. Therefore, effective March 19, 2007, the Company's Tier classification will change from Tier 2 to: Classification Tier 1 TSX-X ------------------------------------------- SAMEX MINING CORP. ("SXG") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: March 16, 2007 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for expedited filing documentation with respect to a Non-Brokered Private Placement announced February 23, 2007: Number of Shares: 5,742,500 shares Purchase Price: $0.80 per share Warrants: 2,871,250 share purchase warrants to purchase 2,871,250 shares Warrant Exercise Price: $1.00 for a two year period Number of Placees: 21 placees Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / No. of Shares Peter J. Dahl RRSP Y 100,000 Peter J. Dahl Y 100,000 Finder's Fee: $1,680 payable to Haywood Securities Inc. $210,000 payable to Valgora Consulting AG $19,600 payable to Adrian Douglas $22,120 payable to Canaccord Capital Corporation Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. (Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.) TSX-X ------------------------------------------- STARFIRE MINERALS INC. ("SFR") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: March 16, 2007 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for expedited filing documentation of an Option Agreement dated February 19, 2007 amended March 12, 2007 between the Issuer, Starfire Uranium Inc. (a wholly-owned subsidiary of the Issuer) and Fayz Yacoub (the "Optionor") whereby the Issuer may acquire a 100% interest in two mineral claims located in the Otish Mountain area of Quebec. The consideration payable to the Optionor is 600,000 common shares of the Issuer; $92,000 cash; and $150,000 in expenditures all payable over a period of three years. The Optionor will retain a 2% net smelter return royalty. TSX-X ------------------------------------------- UC RE

SOURCES LTD. ("UC") BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: March 16, 2007 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced March 13, 2007: Number of Shares: 2,678,568 Flow-Through shares Purchase Price: $0.56 per share Warrants: 1 ,339,282 share purchase warrants to purchase 1,339,282 shares Warrant Exercise Price: $0.80 for a one year period $1.00 in the second year Number of Placees: 8 placees Agent: Limited Market Dealer Inc. Agent's Fee: $75,000 and 267,857 share purchase warrants to purchase 267,857 shares with an exercise price of $0.80 in the first year and $1.00 in the second year Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. (Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.) TSX-X ------------------------------------------- NEX COMPANIES GOLDEN RAVEN RE

SOURCES LTD. ("GVN.H") BULLETIN TYPE: Delist-Failure to Maintain Exchange Requirements BULLETIN DATE: March 16, 2007 NEX Company Effective at the close of business March 16, 2007, the securities of Golden Raven Resources Ltd. will be delisted from NEX for failing to maintain Exchange Requirements. The securities of the Company have been suspended in excess of twelve months. TSX-X -------------------------------------------

For further information:

For further information: Market Information Services at 1-888-873-8392,
or email: information@tsxventure.com


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