From

nmacnab@osc.gov.on.ca on behalf of NI43-101@osc.gov.on.ca

On January 20, 2009, the Canadian Securities Administrators (CSA), in response to industry and regulatory concerns arising since the implementation of National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) in 2001, launched an initiative to revise NI 43-101.

Areas being considered for revision are:
· Reducing the regulatory burden of consents of qualified persons
· Reducing the qualified person’s liability and responsibility for issuer disclosure
· Reassessing technical report triggers to make sure we have the right ones
· Creating broader and more flexible rules for disclosing previous resource and reserve estimates
· Fixing a few perceived disclosure irregularities such as:
· economic analyses of exploration targets and historical estimates
· first time disclosure of resources, reserves and preliminary assessments on websites and third party reports
· Introducing a separate form of technical report for advanced mineral projects
· Updating accepted foreign professional associations
In advance of the proposed amendments, the various commissions will be holding focus sessions to gather input on concerns and potential revisions from a variety of industry participants during a consultation period concluding at the end of April.

If you are interested in participating in one of these sessions being organized by the Ontario Securities Commission (OSC) in Toronto, or have comments regarding possible changes to the instrument, please contact us at NI43-101@osc.gov.on.ca with your comments and full contact information including company name.

Please note that while these emails will be used to gather comments, we will not be able to respond to emails personally requesting information regarding NI 43-101.