Analyst Coverage

DISCLAIMER: Above is a list of all persons known by Tropical Gold Mines Limited (Tropical) to provide coverage of Tropical or to have published research reports regarding Tropical in the past, together with contact information furnished by the persons listed above. Although this list is reviewed periodically by Tropical, there may be other analysts who provide coverage who are not referenced herein. Please note that any opinions, estimates or forecasts regarding Tropical’s performance made by any analyst that provides coverage are theirs alone and do not represent opinions, forecasts or predictions of Tropical or its management. Tropical does not adopt the statements contained in any analyst’s report, does not warrant the accuracy thereof or any information contained therein and undertakes no responsibility for correcting or updating any analyst’s report or any information contained therein. Tropical does not, by its reference herein imply any endorsement of or concurrence with such information, conclusions or recommendations.