RAB Special Situations (fka RAB)

[Ed Monton]

RAB Special Situations L.P./Trade Winds Ventures
Inc.-Announcement

LONDON, UNITED KINGDOM--(CCNMatthews - Jul 2, 2004) - RAB Special
Situations L.P. ("Special Situations") announces that it entered
into a Subscription Agreement with Trade Winds Ventures Inc. TWD (the
"Company") where it subscribed for a total of 1,000,000 units of
the Company (the "Units"), at a price of Cdn.$0.75 per Unit (the
"Private Placement"). Each Unit consists of one common share of
the Company (a "Share") and one share purchase warrant (each
whole warrant being a "Warrant"). Each Warrant entitles Special
Situations to purchase one Share for a period of two years at a
price of Cdn.$0.90 per Share during the first year and at a price
of Cdn.$1.15 per Share during the second year. The transaction
took place off the market by way of private placement.

The purchased securities represent approximately 8.32% of the
issued and outstanding Shares on a partially diluted basis
(assuming exercise of its Warrants) ("Partially Diluted Basis").
Special Situations has ownership of and control over the
securities purchased in the Private Placement.

Immediately after the Private Placement, Special Situations owned
2,000,000 Shares and 2,000,000 Warrants representing
approximately 15.98% of the issued and outstanding Shares on a
Partially Diluted Basis.

Special Situations purchased Units for investment purposes only
and not with the purpose of influencing the control or direction
of the Company. Special Situations together with joint actors, if
any, may, subject to market conditions, make additional
investments in or dispositions of securities of the Company in
the future, including additional purchases of Shares. Special
Situations and its with joint actors, if any, do not, however,
intend to acquire 20% of any class of the outstanding voting or
equity securities of the Company.

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FOR FURTHER INFORMATION PLEASE CONTACT:
RAB Special Situations L.P.
Mr. Neil Warrender
(44) 20-7389-7000
[e-mail]
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.