News Release

TSX Venture Exchange Announces its 2012 TSX Venture 50®

February 15, 2012

February 15, 2012 (TORONTO) – TSX Venture Exchange today announced its 2012 TSX Venture 50.

The 2012 TSX Venture 50 is a ranking of strong performers on TSX Venture Exchange. It is comprised of ten companies from each of the following five sectors: Mining, Oil & Gas, Diversified Industries, Clean Technology and Technology & Life Sciences.

“The 2012 TSX Venture 50 is made up of listed companies that have stood out and excelled,” said John McCoach, President, TSX Venture Exchange. “We are pleased to recognize these companies and wish each of them continued growth and success.”

The companies were ranked based on the following criteria, with equal weighting assigned to each: market capitalization growth, share price appreciation, trading volume and analyst coverage.

The top ranked company across all sectors is Roxgold Inc. (ROG), a British Columbia-based mining company.

The top ranked companies from the five industry sectors are:

Clean Technology: Canadian Oil Recovery & Remediation Enterprises Ltd. (CVR)        
Diversified Industries: IROC Energy Services Corp. (ISC)
Mining: Roxgold Inc. (ROG)
Oil & Gas: Petrolia Inc. (PEA)
Technology & Life Sciences: Verisante Technology, Inc. (VRS)

View the 2012 TSX Venture 50 rankings list and methodology.

The 2,250 companies listed on TSX Venture Exchange as of December 31, 2011, were screened through the following filters to determine the 2012 TSX Venture 50: listed on TSX Venture Exchange on December 31, 2011; market capitalization greater than C$5 million on December 31, 2011; closing share price greater than C$0.25 on December 31, 2011; share price of at least C$0.10 on December 31, 2010 and listed on TSX Venture Exchange more than one year as of December 31, 2011.

As of December 31, 2011, there were 2,250 issuers listed on TSX Venture Exchange. Almost $10.1 billion of equity capital was raised on the Exchange in 2011.

This is not an invitation to purchase securities listed on TSX Venture Exchange. TMX Group and its affiliates do not endorse or recommend any of the referenced securities or investment advisors. Please seek professional advice to evaluate specific securities.

About TMX Group (TSX-X)

TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (Houston, Boston, Chicago and New York) as well as in London and Beijing. For more information about TMX Group, visit our website at Follow TMX Group on Twitter at

For more information please contact:
Aimee Paget
Communications Specialist
TMX Group