Securities Law & Instruments

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NOTICE OF COMMISSION APPROVAL

REPLACEMENT OF

NATIONAL INSTRUMENT 43-101 STANDARDS

OF DISCLOSURE FOR MINERAL PROJECTS

AND

CONSEQUENTIAL AMENDMENT TO

NATIONAL INSTRUMENT 51-102 CONTINUOUS

DISCLOSURE OBLIGATIONS

All of the documents listed below are being published in today's Bulletin:

On August 23, 2005, the Commission approved as a rule:

    • National Instrument 43-101 Standards of Disclosure for Mineral Projects, including Form 43-101F1 Technical Report (the New Instrument) as replacement for the existing National Instrument 43-101 Standards of Disclosure for Mineral Projects, including Form 43-101F1 Technical Report; and

    • Amendment Instrument for National Instrument 51-102 Continuous Disclosure Obligations (the Consequential Amendment).

The Commission also adopted as a policy Companion Policy 43-101CP to National Instrument 43-101 Standards of Disclosure for Mineral Projects (the Policy). The Policy will come into effect on December 30, 2005.

Under section 143.3 of the Securities Act (Ontario), the New Instrument and the Consequential Amendment were delivered to the Minister of Government Services (the Minister) on October 6, 2005. If no action is taken by the Minister, the New Instrument and the Consequential Amendment will come into force on December 30, 2005.

The text of the New Instrument, Consequential Amendment and Policy can be found in Chapter 5 of today's Bulletin.