TMX group

S&P/TSX Global Gold Index

Global Leadership in Gold

S&P/TSX Global Gold Index* is designed to be a dynamic international benchmark tracking the world's leading gold companies and aims to offer investors broad exposure to the world’s gold markets. This index reflects S&P’s change of the S&P/TSX Capped Gold Index to the Global Gold Index methodology. The intention of the Global Gold Index is to provide an investable representative index of publicly-traded international gold companies.

TSX Investment Innovation in Gold

TSX is home to the first Gold Index with an exchange traded fund. From exchange traded funds to principal protected notes, there is an array of investable equity products that provide exposure to gold bullion price or gold company performance.

World-class gold companies on S&P/TSX Global Gold Index

S&P/TSX Global Gold Index will provide investors broad based exposure to gold. Company performance is typically leveraged to gold bullion prices.

TSX estimates that the index will represent two-thirds of world gold production and will diversify investors’ geographic exposure to gold.

Gold outperforms the market

S&P/TSX Global Gold Index: Summary of Inclusion Criteria

The index constituents will be selected for inclusion based on the following items and at the discretion of the index committee:

Listed for at least 12 months on TSX, NYSE, NASDAQ
Included under the Global Industry Classification System (GICs) Code 15104030 – Materials - Metals Mining – Gold
Minimum float market cap of US$300 million based on three day VWAP
Average daily dollar value traded of at least US$1 million for the two months preceding a security’s consideration as a candidate for inclusion
Liquidity ratio (dollar value traded/average float market cap over past 12 months) of at least 0.30
No more than 25 non-trading days over the past 12 months

See complete S&P Index methodology at www.standardandpoors.com

TSX Advantage for Gold Companies Global Leadership in Gold

Be a part of it.

Benefit from premium valuations, liquidity, visibility for transactions, analyst coverage, specialized indices and listing requirements specifically tailored to mining companies.

More than 25% of the world’s public gold companies list on Toronto Stock Exchange, and TSX-listed issuers were responsible for 49% of world gold production in 2005. TSX has the proven ability to finance international projects from exploration to production.

Click here to access the list of constituents for this index.

Access to Capital

TMX Group of exchanges is the leading mining exchange in the world.

Almost 60% of the world’s public mining companies are listed on a TMX Group exchange
TMX Group dominated international mining finance
TSX gold companies raised US$1.5 billion in equity capital in 2005
Over C$50 billion invested in North American index securities

Superior liquidity

Greater liquidity establishes premium valuations among world class mining companies.

2005 was a record year of trading for TSX – over C$1 trillion traded
Over 3 billion shares of TSX gold index companies valued at C$58 billion, traded
TSX mining company trading turnover was a strong 70% and 131% for TSX gold index companies

Enhanced visibility

Top-rated mining analysts, retail and institutional investors understand TSX mining and gold companies.

Increases global peer profile for transactions and joint ventures
Enhanced profile for international gold companies
Gold index companies have coverage by an average of 18 analysts

Index Ticker Symbol
REUTERS .SPTTGD
BLOOMBERG SPTSGD
THOMSON .TTGD-T

To list on Toronto Stock Exchange:
Phone: +1 (416) 947-4728 or 1-888-873-8392
Email: listings@tsx.com

For information on the S&P/TSX indices contact:
Tony North
Phone: +1 (416) 507-3204
Email: tony_north@standardandpoors.com
Website: www.standardandpoors.com

* The index methodology change from S&P/TSX Capped Gold Index to S&P/TSX Global Gold Index is effective on December 18, 2006.

"S&P" is a trademark owned by The McGraw-Hill Companies, Inc. and "TSX" is a trademark owned by TMX Group Inc.