Coverage Update – Discontinuing Coverage

As a result of the reallocation of resources, Red Cloud is discontinuing coverage on the following companies: American Eagle Gold Corp. (TSXV:AE) – now unrated (was BUY (S), Timothy Lee), Angold Resources Ltd. (TSXV:AAU) – now unrated (was BUY, C$0.85/sh target, Taylor Combaluzier), Monarca Minerals Inc. (TSXV:MMN) – now unrated (was BUY, C$0.40/sh target, Taylor Combaluzier), Phenom Resources Corp. (TSXV:PHNM) – now unrated (was BUY, C$0.90/sh target, Timothy Lee), Silver Tiger Metals Inc. (TSXV:SLVR) – now unrated (was BUY, C$1.00/sh target, David A. Talbot), South Atlantic Gold Inc. (TSXV:SAO) – now unrated (was BUY, C$0.20/sh target, Taylor Combaluzier), Tarachi Gold Corp. (CSE:TRG) – now unrated (was BUY, C$0.40/sh target, Timothy Lee), Thunderstruck Resources Ltd. (TSXV:AWE) – now unrated (was BUY (S), Timothy Lee), UEX Corp. (TSX:UEX) – now unrated (was BUY, C$0.60/sh target, David A. Talbot), Whitehorse Gold Corp. (TSXV:WHG) – now unrated (was BUY, C$1.65/sh target, Timothy Lee). Our previous estimates should no longer be relied upon.