Toronto Stock Exchange / TSX Venture Overview

1. Discovering the Toronto Stock Exchange
and TSX Venture Exchange
John McCoach
President, TSX Venture Exchange
October 2010

2. Discover Canada: For Undiscovered Opportunities
2

3. The world trades on our exchanges
$1.4 Trillion 110 Market
Participants
in value traded • Raymond James
• Barclays Capital
• CSFB
• Goldman Sachs
on the exchanges • Citigroup
• Morgan Stanley
• HSBC
• Macquarie
in 2009 • UBS • Merrill Lynch
• JP Morgan • UBS
• CIBC • RBC DS
• BMO • TD Securities
165 Billion 14% CAGR
shares traded five year liquidity
in 2009
(est. 40% foreign)
3

4. The world lists on our exchanges
20
146 54
11
Includes: 19
Bermuda (3)
14 British Virgin Islands (2)
British West Indies (1)
(other)
Cayman Islands (1)
Channel Islands (2)
33
Dubai (2)
Guernsey (2)
Trindad (1)
Foreign issuers 4

5. The world
needs
our exchanges
Population explosion
Infrastructure boom
Increased energy consumption
5

6. The TSX & TSX-V are the dominant resource exchanges
Iron Ore Potash Natural Gas
Baffinland Iron Mines Agrium Encana
Consolidated Thompson Iron Mines Potash Corp. Nexen
Cleantech Oil Precious Metals
Suncor Goldcorp
BioExx
Pennwest Yamana
Ram Power
Pengrowth
We are home to the companies
that fuel the growth boom 6

7. Mining
# 55% of world issuers
7

8. Oil & Gas
# 35% of world issuers
8

9. Cleantech
# 128 issuers
$1.5 billion raised in 2009
9

10. Sector Performance
# of Average Total Market Value Traded
Sector Companies Market Cap Value in 2010
Mining 1,447 $289.1 M $426.2 B $256.6 B
Oil & Gas 391 $903.0M $353.1 B $169.9 B
Technology 194 $253.4 M $64.6 B $49.2 B
ETF’s 161 $251.7 M $40.5 B $80.7 B
Life Sciences 128 $97.5 M $12.5 B $5.1 B
Cleantech 128 $123.6 M $15.8 B $5.0 B
10

11. #
1
Place to do business in
the G7 for the next
five years
Economic intelligence unit
Top banking industry
in the world
International Monetary Fund: 2008 & 2009
Fiscal policy (8 years of surplus)
Sound monetary policy
Stable political system
Strong financial institutions
11

12. respect and enforcement
of regulatory and exchange standards
2
nd
ranked in the world for best
corporate governance
Australian benchmark study
analyst coverage
Invest with
confidence
3 average number of analysts
covering TSX issuers
stability
157 years
12

13. TSX & TSX Venture
performers
companies with annual returns
greater than 50%
2004 2005 2006 2007 2008 2009
614 713 930 556 96 1,301
13

14. Case Study: Research in Motion (TSX: RIM)
$140
Research
$100
$60
Capital $20
2005 2006 2007 2008 2009 ‘10
1,591,000 1,781,999 1,817,840 2,199,080 1,811,159
Liquidity (avg. daily volume)
Analysts 44
Liquidity 5 yr return 259%
Capital transactions $72.2M (1997)
$153.7 (1999)
$612.0M (2000)
Valuation $812.6M (2004)
14

15. Osisko Mining Corporation (TSX:OSK)
Pacific Rubiales Energy (TSX:PRE)
Consolidated Thompson Iron Mines (TSX:CLM)
SouthGobi Energy Resources (TSX:SGQ)
Petrobank Energy and Resources (TSX:PBG)
Thompson Creek Metals Company (TSX:TCM) Anyone can
cherry
Red Back Mining (TSX:RBI)
Silvercorp Metals (TSX:SVM)
SXC Health Solutions (TSX:SXC)
pick
Rubicon Minerals Corporation (TSX:RMX)
Sino-Forest (TSX:TRE)
Silver Wheaton (TSX:SLW)
Baytex Energy Trust (TSX:BTE.UN)
First Quantum Minerals (TSX:FM)
Semafo (TSX:SMF)
Alamos Gold (TSX:AGI)
Eldorado Gold (TSX:ELD)
Crescent Point Energy (TSX:CPG)
HudBay Minerals (TSX:HBM)
Agrium (TSX:AGU) 15

16. Case Study: Paladin Labs Inc. (TSX: PLB)
$18
Research
$14
$10
$6
Capital 2005 2006 2007 2008 2009 ‘10
10,437 14,734 12,779 14,407 32,295
Liquidity (avg. daily volume)
Analysts 6
Liquidity 5 yr return 325%
Capital transactions $6.0M (1998)
$20.3M (2000)
$21.0M (2002)
Valuation
$58.7M (2009)
16

17. Case Study: Exeter Resource Corporation (TSX: XRC)
$9
Research $7
$5
$3
$1
Capital 2005 2006 2007 2008 2009 ‘10
58,537 73,705 86,456 87,456 187,400
Liquidity (avg. daily volume)
Analysts 6
5 yr return 533%
Liquidity
October 2009 Graduates from TSX-V to TSX
Capital transactions $8.51M (2005)
$13.08M (2006)
Valuation $34.35M (2008)
$79.00M (2009) 17

18. Case Study: Clifton Star Res Inc. (TSX-V: CFO)
$8
Research $6
$4
$2
Capital 2005 2006 2007 2008 2009 ‘10
1,593 9,571 15,417 17,681 42,444
Liquidity (avg. daily volume)
Analysts 3
5 yr return 5,014%
Liquidity
Capital transactions $4.0M (2007)
$14.4M (2008)
$1.3M (2009)
Valuation
18

19. Discover
the TSX &
TSX Venture
19

20. John McCoach Ungad Chadda Michael Moore
President, TSX Venture Exchange Senior Vice President, TSX Vice President, Equicom Group
604-643-6507 416-947-4646 619-467-7067
John.McCoach@tsxventure.com Ungad.Chadda@tsx.com mmoore@equicomgroup.com
Discovering the Toronto Stock Exchange
and TSX Venture Exchange