(Portfolio = San Gold) OPPENHEIMER GOLD & SPECIAL MINERALS FUND, INC. ^^ DECREASED its holdings of SAN GOLD CORPORATION (SGR) by -10,400,000 shares as of 30/Dec/2011 (Modified on 23/Feb/2012)

The still have 16 million shares to go

Targeted Security Holder List

	Holder Name	Shares Held	% of O/S	Report Date	Change
	DYNAMIC PRECIOUS METALS FUND ^^	23,300,000	0.75 %	20111231	100,000
	VAN ECK MARKET VECTORS ETF TRUST - JUNIOR GOLD MINERS ETF	16,497,300	0.53 %	20120222	-241,973
	OPPENHEIMER GOLD & SPECIAL MINERALS FUND, INC. ^^	11,589,748	0.37 %	20111230	-10,399,965
	USAA INVESTMENT TRUST-PRECIOUS METALS & MINERALS FUND ^^	10,050,000	0.32 %	20111130	3,550,000
	WYNNE, HUGH	8,160,002	0.26 %	20110519	270,000