NORPAC TECHNOLOGIES, INC.

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value
2004-10-07	2004-09-15	Balsam Ventures Inc (BSVN)	S Sale	68,082 +35.7% 187.45 US$3,487,269	68,082 +35.7%	187.45	US$3,487,269
2004-10-07	2004-09-14	Balsam Ventures Inc (BSVN)	S Sale	8,031 +35.5% 269.37 US$4,712,723	8,031 +35.5%	269.37	US$4,712,723
2004-10-07	2004-08-13	Balsam Ventures Inc (BSVN)	S Sale	68,678 +45.6% 13.42 US$903,488	68,678 +45.6%	13.42	US$903,488
2004-10-07	2004-08-06	Balsam Ventures Inc (BSVN)	S Sale	30,000 -0.6% 0.05 US$1,500	30,000 -0.6%	0.05	US$1,500