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 www.csa-acvm.ca.

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
416-595-8913
1-877-785-1555 (toll free in Canada)
www.osc.gov.on.ca

Alberta Securities Commission
Joni Delaurier
403-297-4481
www.albertasecurities.com

Manitoba Securities Commission
Ainsley Cunningham
204-945-4733
1-800-655-5244 (Manitoba only)
www.msc.gov.mb.ca

British Columbia Securities Commission
Andrew Poon
604-899-6880
1-800-373-6393
(B.C. & Alberta only)
www.bcsc.bc.ca

Autorité des marchés financiers (AMF)
Philippe Roy
514-940-2176
1-800-361-5072 (Québec only)
www.lautorite.qc.ca