News Release

Vancouver – The B.C. Securities Commission has settled with a former company director who admitted to creating a misleading appearance of trading activity through wash trades in company shares.

Kenneth William Trociuk must pay the commission $15,000 and he is banned from trading for four years except in limited circumstances. Under the settlement, he is also barred from being a director or officer of any public company for four years.

Trociuk, who was a director of 1st Anyox Resources Ltd. and Kenrich-Eskay Mining Corp., admitted that between Jan. 1 and Sept. 30, 2001 he directed 54 separate trades in the shares of the two TSX Venture Exchange-listed companies in which he was, at the same time, both the buyer and seller (a practice known as wash trading).

By doing so, Trociuk created the misleading appearance of trading activity in the companies’ shares, in contravention of the securities legislation.

In mitigating the sanctions that otherwise would have applied to Trociuk, the Executive Director took into consideration that Trociuk, other than delaying the payment of debits in his brokerage accounts, did not profit from the trading activity. The wash trading also did not appear to have affected the share price of the companies.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities and exchange contracts within the province. Copies of the settlement can be viewed in the documents database of the commission’s website www.bcsc.bc.ca or by contacting Andrew Poon, Media Relations, 604-899-6880.