Ann: Resource Commentary and Retraction , page-12

Hey Aman

Straight from the British Columbia Securities Commission website!

http://www.bcsc.bc.ca/mining.asp

Im waiting to pick up yr shares........


Mining and mineral exploration companies in Canada must follow specific guidelines for disclosure, designed to improve the accuracy and integrity of the information they provide. National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) governs a company's public disclosure of scientific and technical information about its mineral projects.

Advance notice of changes to NI 43-101 Standards of Disclosure for Mineral Projects
This notice provides advance notification of revisions to National Instrument 43-101 Standards of Disclosure for Mineral Projects, technical report form, companion policy, and related consequential amendments that will come into effect June 30, 2011. The changes reflect the results of industry consultation, 50 comment letters, and our experience with the mining rule since its initial adoption in February 2001. The changes aim to make the mining rule more effective and cost-efficient without compromising investor protection.

News release 2011/30 - Canadian securities regulators adopt new version of mining rule
BC Notice 2011/05 - Advance Notice of Repeal and Replacement of National Instrument 43-101 Standards of Disclosure for Mineral Projects, Form 43-101F1 Technical Report, and Companion Policy 43-101CP. Published April 8, 2011.
43-101 Standards of Disclosure for Mineral Projects [NI Advance Notice]
43-101CP Standards of Disclosure for Mineral Projects [CP Advance Notice] 
43-101F1 Technical Report [F Advance Notice]
National Instrument 43-101 - What has changed
To help facilitate the transition to the new mining disclosure rules, staff will be conducting public presentations summarizing the most significant changes from the previous rule published in 2005. The following links are to presentations made by staff at the CIM Conference and Exhibition in Montreal on May 21, 2011 and for the Continuing Legal Education Society of British Columbia in Vancouver on October 6, 2011.

BCSC streamlines short-form prospectus offering reviews for mining issuers
Beginning September 1, 2009, mining companies will have ability to apply for an advance review of their technical disclosure in order to facilitate the timely receipt of a short-form prospectus.

News release on streamlined review process 
BC Notice 2009/09 Pre-Filing Review of Mining Technical Disclosure for Short Form Offerings
Published July 15, 2009
National Instrument 43-101 Standards of Disclosure for Mineral Projects
This instrument governs disclosure, including oral statements, written documents and websites. The disclosure must be based on information provided by a "qualified person" (as defined in NI 43-101). NI 43-101 requires a company to file a technical report at certain times, prepared in a prescribed format. In some circumstances, the qualified person is to be independent of the company and the property. A company is required to use specified terminology when disclosing resources and reserves.

National Instrument 43-101 Standards of Disclosure for Mineral Projects
Companion Policy to NI 43-101 Standards of Disclosure for Mineral Projects: Guidance and interpretation to help you apply the requirements of National Instrument 43-101.
Technical Report NI 43-101F1: Describes the contents required in your technical reports.
Investing in Mining
Are you the manager of a junior mining company? You should be prepared to answer these questions from your investors. Investing in mining: Questions to Ask 

NI 43-101: Mandated Filings on SEDAR
If section 4.1 or 4.2 of NI 43-101 triggers a technical report, you are required to file the following documents in SEDAR:

Technical reports(s)
Certificates of Qualified Persons (see s.8.1 of NI 43-101)
Consents of Qualified Persons (see s.8.3 of NI 43-101)
We remind filers that offering memorandums are not mandated SEDAR filings. We recommend that you file your offering memorandums and reports of exempt distribution using BCSC E-Services. Technical reports, along with the certificates and consents of qualified persons, can be filed electronically by including them in one electronic document along with the offering memorandum.

Canadian Institute of Mining and Metallurgy (CIM) Resources
National Instrument 43-101 and its Companion Policy reference four CIM documents. CIM has also published a best practice guideline for estimating diamond resources and reserves. These documents are available on the CIM website, but for your convenience the links below give you direct access:

CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by CIM Council on November 27, 2010
CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines , adopted by CIM Council on November 23, 2003
Mineral Exploration Best Practices Guidelines , adopted by CIM Council, published in June 2000
CIM Guidelines for Reporting of Diamond Exploration Results , adopted by CIM in March 2003
CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines Rock Hosted Diamonds , adopted by CIM May 4, 2008
Reporting of Coal Resources and Coal Reserves
A qualified person estimating mineral resources or mineral reserves for coal may follow the guidelines of Paper 88-21 of the Geological Survey of Canada: A Standardized Coal Resource/Reserve Reporting System for Canada, as amended ("Paper 88-21"). However, for all disclosure of mineral resources or mineral reserves for coal, issuers are required by section 2.2 of the Instrument to use the equivalent mineral resource or mineral reserve categories set out in the CIM Definition Standards and not the categories set out in Paper 88-21. The CSA believes it is not reasonable to apply Paper 88-21 to foreign coal properties.