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Analyst Coverage

TRX Gold Corporation is followed by the analysts listed below. This list is provided for information only. All information, opinions, estimates or forecasts regarding TRX Gold Corporation and its performance provided by these analysts are theirs alone and do not represent information, opinions, estimates or forecasts of TRX Gold Corp. or its management. TRX Gold Corporation does not endorse or approve any information, opinions, estimates or forecasts of any analyst. Analyst reports may be considered proprietary products of an analyst’s firm. If you require copies of reports, please contact the analysts listed below.

Alliance Global Partners, Jake Sekelsky

Managing Director, Senior Research Analyst

Metals & Mining

Email: jsekelsky@allianceg.com

ROTH Capital Partners, LLC Mike Niehuser

Managing Director, Senior Research Analyst

Metals & Mining

Email: mniehuser@roth.com

H.C. Wainwright & Co., LLC Heiko F. Ihle, CFA

Managing Director – Equity Research

Metals & Mining

Email: hihle@hcwco.com