For Immediate Release
September 9, 2005

CSA Publishes Staff Notice Outlining Local Exemptions

Calgary - On September 14, 2005 the Canadian Securities Administrators (CSA) will implement National Instrument 45-106 Prospectus and Registration Exemptions. Although this Instrument consolidates and harmonizes most of the prospectus and registration exemptions currently available in Canadian jurisdictions, there remains a number of local exemptions. For ease of reference, these local exemptions are listed in CSA Staff Notice 45-304 Notice of Local Exemptions posted on the CSA website at

Please refer to the CSA Staff Notice and Appendices for a list of local exemptions available by jurisdiction.

The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Media relations contacts:

Ontario Securities Commission
Eric Pelletier
1-877-785-1555 (toll free in Canada)

Alberta Securities Commission
Joni Delaurier

Manitoba Securities Commission
Ainsley Cunningham
1-800-655-5244 (Manitoba only)

British Columbia Securities Commission
Andrew Poon
(B.C. & Alberta only)

Autorité des marchés financiers (AMF)
Philippe Roy
1-800-361-5072 (Québec only)