June 15, 2004

Two new members appointed to the Alberta Securities Commission

Edmonton… On June 8 the provincial government announced the appointments of Roderick McLeod, Q.C. and Karl Ewoniak, C.A. to serve as members of the Alberta Securities Commission.

Earlier this year David Betts and James Arthur Millard, Q.C. were reappointed to the commission. Both the appointments and reappointments are for a term of three years and will expire on March 31, 2007.

The Alberta Securities Commission is an industry-funded provincial corporation reporting to the Minister of Revenue. It has the responsibility of maintaining the efficiency and integrity of the capital markets through the administration of the Alberta Securities Act, the Securities Regulation and the Alberta Securities Commission Rules.

The 12 commission members are appointed by government and have backgrounds representing a wide range of experience in the investment industry. The Chair and two Vice-chairs are full time positions and all other members serve part-time. As a group they oversee the management of the business and affairs of the commission, including approval of the strategic plan, annual business plan, and operating budget.

The commission is also an administrative tribunal with quasi-judicial powers. Panels of members hear enforcement proceedings and consider applications for discretionary exemptions from the requirements of securities legislation. The commission also hears appeals from decisions of the Executive Director, TSX Venture Exchange and the Alberta District Council of the Investment Dealers Association of Canada.

Biographical notes on the new appointments:

Roderick J. McLeod, Q.C.
Mr. McLeod has over 30 years of experience in law, and was appointed a Queen's Counsel in 1986. He is current counsel, founder and former senior partner of McLeod & Company, a Calgary based law firm specializing in civil litigation, real property and banking law, wills and estates, securities, and corporate/commercial transactions.

Karl Ewoniak, C.A.
Mr. Ewoniak has been a Chartered Accountant since 1972. He is currently President and Owner of a consulting and business brokerage based in Edmonton. His career includes many senior financial positions in insurance, retail, mortgage, and venture capital businesses.

For media inquiries, please contact:

Cathy Housdorff, Director of Communications Alberta Revenue (780) 427-5364	Joni Delaurier Communications Alberta Securities Commission (403) 297-4481
Dial 310-0000 for toll free access outside of Edmonton.

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