Slate Grocery REIT T.SGR

Partial trading allowed if. . .

[agmetalhead]

BCSC Cease Trade Order Re San Gold Resources 1/27/05 Cease Trade Order San Gold Resources Corporation Section 164 of the Securities Act, R.S.B.C. 1996, c. 418 Each Repo rting Issuer has not filed a comparative financial statement for its financial year ended August 31, 2004, which is a required record under section 145 of the Securities Rules, B.C. Reg. 194/97. Under section 164(1) of the Act, the Executive Director orders that all trading in the securities of each Reporting Issuer cease until: 1. it files the required record, completed in accordance with the Act and rules, and 2. the Executive Director makes an order under section 164 of the Act revoking this order as it applies to each Reporting Issuer. Despite this order, a beneficial shareholder of each Reporting Issuer who is not, and was not at the date of this order, an insider or control person of that Reporting Issuer, may sell securities of each Reporting Issuer acquired before the date of this order, if: 1. the sale is made through a market outside Canada, 2. the sale is made through an investment dealer registered in British Columbia, and 3. the investment dealer maintains a record of the details of the sales made under this provision. January 26, 2005 Michael L. Moretto, CA, CPA (Illinois) Manager Corporate Finance Capitalization Report for San Gold Resources Corp Shares Issued: 33779821 Shares Escrow: 0 CONTACT: TEL: [phone] British Columbia Securities Commission FAX: [phone] Toll Free: 1 800-373-6393 INET : www.bcsc.bc.ca