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For Immediate Release

00/04


CONTACT:

January 24, 2000

Pam Whitworth
Communications Director
Canadian Venture Exchange
Tel: (604) 488-3126
Second Consecutive Record-Breaking Session on CDNX

Market activity on the Canadian Venture Exchange (CDNX) broke previous volume and transaction records today for the second consecutive session.

A total of 89 million shares traded on CDNX today, surpassing the previous record of 85 million shares traded on Friday, January 21, 2000. Since the November 29, 1999 launch of CDNX, the average daily volume of shares traded has been 55 million.

There were 34,062 transactions on CDNX today, surpassing the previous record of 29,485 transactions last Friday. The number of trades on CDNX has averaged 16,713 per day.

The value of shares traded today reached $149 million, just short of the $151.5 million record of Friday. The value of shares traded on CDNX has averaged $61 million per day.

Today’s trading was led by Nuvo Network Management Inc. – up $0.42 to $1.95 on 9.3 million shares, followed by Inlet Resources Ltd. – up $0.04 to $0.16 on 6.1.3 million shares – and Nexttrip.com Travel Inc. – up $0.10 to $0.63 on 3.8 million shares.

The CDNX Index climbed 3.78 points to close at 2775.20. This represents an increase of 39 per cent since the Exchange’s launch.

For more information, please visit the Exchange’s website at www.cdnx.com.

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