GOLD
Following is a selection of PAST RECOMMENDATIONS


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Alkane Resources Ltd. (TSX: ALK)
multi-million oz gold resource and world-class rare earth elements in Australia
new recommendation: March 9, 2011

Andeangold Ltd (TSXV:AAU)
exploration in "Elephant Country" La Libertad, Peru
new recommendation: December 8, 2010

Canaco Resources Inc (TSXV:CAN)
a potential world-class gold deposit in Tanzania
new recommendation: June 23, 2010

Cerro Resources NL (TSXV:CJO)
8 million ounces gold equivalent on the way to production on Mexico
the most recent follow-up: No 7/April 6, 2011

Creso Exploration Inc. (TSXV:CXT)
exploration in "Elephant Country" Ontario Canada
the most recent follow-up: No 1/May 4, 2011

European Goldfields Ltd (TSX/LSE:EGU)
Total resources and reserves 21.69 Moz Au; 168.50 Moz AG; 3452 Kt Pb & Zn; 1832 Kt Cu in South-East Europe
the most recent follow-up: No 10/November 18, 2009

Freegold Ventures Ltd (TSX:FVL)
Exploring for gold in Alaska
new recommendation: February 23, 2011

Geologix Explorations Inc. (TSX:GIX)
Acquisition, exploration, development in Mexico, Peru and Nevada
the most recent follow-up: No 4/June 29, 2011

GMV Minerals Inc. (TSXV:GMV)
Discovery of gold assets in guyana, South America
the most recent follow-up: No 1/May 18, 2011

Gold Resource Corp. (OTC BB:GORO)
39.3 million ounces silver equivalent resource in Durango State, Mexico
the most recent follow-up: No 7/October 19, 2011

Golden Alliance Resources (TSXV:GLL)
high grade gold and silver discovery in Peru
new recommendation: September 8, 2010

Kryso Resources plc (LONDON:KYS)
on the road to producing 82,000 ounces of gold in Tajikistan, Central Asia
the most recent follow-up: No 2, November 16, 2011

Maudore Minerals Ltd(TSXV:MAO)
20.5 grams of gold per ton in Quebec
the most recent follow-up: No. 7/November 9, 2011

Olympus Pacific Minerals Inc. (TSX:OYM)
Exeptional high grades of gold in South East Asia.
new recommendation: July 14, 2010

Oroco Resource Corp. (TSX:OCO)
$ 250 contained metal for each $ 1 market cap and additional development drilling in 2009
the most recent follow-up: No 2/August 11, 2010

Paramount Gold & Silver Corp. (TSX/AMEX:PZG)
Gold and Silver in Chihuahua, Mexico
the most recent follow-up: No 3/September 21, 2011

Rio Alto Mining Ltd. (TSXV:RIO)
2.8 million ounces gold and 1.2 billion pounds of copper in Peru
the most recent follow-up: No 5/September 22, 2010

Rockridge Capital Corp. (TSXV:RRC)
Gold in Mali, Africa´s third largest gold producer
new recommendation: January 26, 2011

Romios Gold Resources Inc. (TSXV:RG)
Enormous exploration potential in the golden triangle of British Columbia
the most recent follow-up: No 3/October 12, 2011

Skyline Gold Corp. (TSXV:SK)
high grade gold and silver discovery in British Columbia
the most recent follow-up: No 1/August 25, 2010

Soho Resources Corp. (TSXV:SOH)
exploration in the state of Durango, Mexico
the most recent follow-up: No 2/January 18, 2012

Temex Resources Corp. (TSXV:TME)
exploration in "Elephant Country" Ontario, Quebec
the most recent follow-up: No 1/January 25, 2012

Romios Gold Resources Inc. (TSX:RG)
Enormous exploration potential in the golden triangle of British Columbia, Canada.
The most recent follow-up: No 3/October 12, 2011

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RECOMMENDATIONS ZIHLMANN INVESTMENT MANAGEMENT AG