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For Immediate Release

00/11


CONTACT:

February 22, 2000

Pam Whitworth
Communications Director
Canadian Venture Exchange
Tel: (604) 488-3126
CDNX Reaches New Volume Record

The Canadian Venture Exchange (CDNX) broke its record in volume of shares traded today.

A new volume high of 158.8 million shares was reached today, surpassing the previous record of 136 million shares set on February 8, 2000.

The value of shares traded today was $166.5 million and the number of transactions reached 41,379.

The most active stocks by volume today were: Savanna Resources Ltd., up $0.04 to close at $0.10 on 24.7 million shares; followed by U.S. Oil and Gas Resources Inc., up $0.09 to close at $0.35 on 5.1 million shares; Azterra Corporation, down $0.05 to close at $0.20 on 4.4 million shares; Pacific Vangold Mines Ltd., down $0.02 to $0.13 on 4.3 million shares; and Mill City International Inc., down $0.05 to $0.24 on 3.5 million shares.

The CDNX Index closed at a record 3567.98, up 78 per cent since the November 29, 1999 launch of CDNX, and up 53 per cent this year.

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

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