WHEREAS the Ontario Securities Commission (the "Commission") issued an order effective March 1, 1997 (the "Order"), which, among other things, recognized certain stock exchanges for the purposes of subclauses 72(4)(b)(i), 72(4)(b)(iii), 72(7)(b)(i), 93(1)(a) and 93(3)(e) of the Act (the "Relevant Provisions");

AND WHEREAS the Canadian Venture Exchange ("CDNX") has made an application under section 144 of the Act that the Order be varied to recognize CDNX for the purposes of the Relevant Provisions;

AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;

IT IS ORDERED, pursuant to section 144 of the Act, that the portion of the Order that provides as follows:

"AND THE COMMISSION FURTHER HEREBY RECOGNIZES

(a)the TSE for the purposes of

(i)subclause 72(4)(b)(i) of the Act,
(ii)subclause 72(4)(b)(iii) of the Act,
(iii)subclause 72(7)(b)(i) of the Act,
(iv)clause 93(1)(a) of the Act, and
(v)clause 93(3)(e) of the Act;

(b)The Montreal Exchange for the purposes of

(i)subclause 72(4)(b)(i) of the Act,
(ii)subclause 72(4)(b)(iii) of the Act,
(iii)subclause 72(7)(b)(i) of the Act,
(iv)clause 93(1)(a) of the Act, and
(v)clause 93(3)(e) of the Act;

(c)the Vancouver Stock Exchange for purposes of clauses 93(1)(a) and 93(3)(e) of the Act; and

(d)The Alberta Stock Exchange for purposes of clauses 93(1)(a) and 93(3)(e) of the Act."

be revoked and that, pursuant to subclauses 72(4)(b)(i), 72(4)(b)(iii), 72(7)(b)(i), 93(1)(a) and 93(3)(e) of the Act, the following be substituted therefor:

"AND THE COMMISSION FURTHER HEREBY RECOGNIZES:

(a)the TSE, The Montreal Exchange and the Canadian Venture Exchange for the purposes of :

(i)subclause 72(4)(b)(i) of the Act,
(ii)subclause 72(4)(b)(iii) of the Act,
(iii)subclause 72(7)(b)(i) of the Act,
(iv)clause 93(1)(a) of the Act, and
(v)clause 93(3)(e) of the Act."

DATED at Toronto this 29th day of August, 2000