Proceedings

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

- AND -

IN THE MATTER OF
MERAX RESOURCE MANAGEMENT LTD.,
carrying on business as CROWN CAPITAL PARTNERS,
RICHARD MELLON AND ALEX ELIN

NOTICE OF WITHDRAWAL



WHEREAS on December 7, 2006, Staff of the Ontario Securities Commission (“Staff”) issued an Amended Statement of Allegations pursuant to sections 127 and 127.1 of the Securities Act R.S.O. 1990, c. s.5, as amended, against Merax Resource Management Ltd. carrying on business as Crown Capital Partners (“Merax”), Richard Mellon and Alex Elin (collectively “the Respondents”);

AND WHEREAS on November 3, 2010, Staff issued an Amended Amended Statement of Allegations against the Respondents;

AND WHEREAS on May 15, 2006, the Respondent, Merax was dissolved;

TAKE NOTICE that Staff of the Commission withdraw the allegations against Merax, as of January 26, 2011.

January 26, 2011

STAFF OF THE ONTARIO SECURITIES COMMISSION
20 Queen Street West
P.O. Box 55, 19th Floor
Toronto, Ontario
M5H 3S8