Proceedings

Notice from the
Office of the Secretary

Ontario

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario

FOR IMMEDIATE RELEASE

February 2, 2005



IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, C. S.5, AS AMENDED

 - AND -

 PORTUS ALTERNATIVE ASSET
MANAGEMENT INC.

TORONTOThe Commission issued a Notice of Hearing scheduling a hearing on February 17, 2005 at 10:00 a.m. in the above matter.

A copy of the Notice of Hearing and the Temporary Order is available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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For Investor Inquiries: Call the OSC Contact Centre
(416) 593-8314
1-877-785-1555 (Toll Free)