Canadian Imperial Venture Corp. - ss. 83.1(1)

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, CHAPTER S.5, AS AMENDED (the "Act")

AND

IN THE MATTER OF

CANADIAN IMPERIAL VENTURE CORP.

ORDER

(Subsection 83.1(1))

UPON the application (the "Application") of Canadian Imperial Venture Corp. (the "Issuer") for an order pursuant to subsection 83.1(1) of the Act deeming the Issuer to be a reporting issuer for the purposes of Ontario securities law.

AND UPON considering the Application and the recommendation of the staff of the Commission.

AND UPON the Issuer representing to the Commission that:

1. The issuer is a corporation incorporated under the laws of British Columbia on September 4, 1986.

2. The Issuer's head office is located in St. John's, Newfoundland.

3. The Issuer is authorized to issue 200,000,000 common shares without par value.

4. As at April 2, 2001, 64,643,614 common shares were issued and outstanding, and 18,964,213 options and warrants to purchase common shares of the Issuer were outstanding.

5. The Issuer has been a reporting issuer under the Securities Act (British Columbia) (the "B.C. Act") since July 2, 1987 and became a reporting issuer under the Securities Act (Alberta) (the "Alberta Act") on November 26, 1999 as a result of the merger of the Vancouver Stock Exchange and the Alberta Stock Exchange to form the Canadian Venture Exchange (the "CDNX").

6. The Issuer is up to date in the filing of its financial statements and other continuous disclosure documents.

7. The Issuer is not a reporting issuer in Ontario or any jurisdiction other than British Columbia and Alberta.

8. The common shares of the Issuer are listed on the CDNX and the Issuer is in compliance with all requirements of the CDNX.

9. The continuous disclosure requirements of the B.C. Act and the Alberta Act are substantially the same as the requirements under the Act.

10. The continuous disclosure materials filed by the Issuer under the B.C. Act and the Alberta Act are available on the System for Electronic Document Analysis and Retrieval.

11. Neither the Issuer nor any of its officers, directors nor, to the knowledge of the Issuer, its officers and directors, any controlling shareholders has (i) been the subject of any penalties or sanctions imposed by a court relating to Canadian securities legislation or by a Canadian securities regulatory authority, (ii) entered into a settlement agreement with a Canadian securities regulatory authority or (iii) been subject to any other penalties or sanctions imposed by a court or regulatory body that would be likely to be considered important to a reasonable investor making an investment decision.

AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest:

IT IS HEREBY ORDERED pursuant to subsection 83.1(1) of the Act that the Issuer is deemed to be a reporting issuer for the purposes of Ontario securities law.

April 24, 2001.

Howard I. Wetston, Paul M. Moore