Macquarie Capital Markets Disclosures for Michael Gray Interview April 29, 2013

B2Gold (BTO CN)

Macquarie Group Limited is currently providing B2Gold with non-securities services.

Macquarie Group Limited or one of its affiliates received compensation for products and services other than investment advisory services from B2Gold during the past 12 months. During this time, Macquarie Group Limited or one of its affiliates provided non-securities services to B2Gold.

Macquarie Capital Markets Canada Ltd or one of its affiliates has received compensation for investment advisory services from B2Gold in the past 24 months.


MAG Silver (MAG CN)

Macquarie Capital Markets Canada Ltd or one of its affiliates managed or co-managed a public offering of securities of MAG Silver Corp in the past 12 months.

Macquarie Capital Markets Canada Ltd or one of its affiliates received compensation for investment advisory services from MAG Silver Corp in the past 12 months.

The primary analyst for MAG Silver has visited its material operations and development assets within the past year; the company has furnished local transportation and accommodations as part of these site visits.


Midas Gold (MAX CN)

Macquarie Capital Markets Canada Ltd or one of its affiliates managed or co-managed a public offering of securities of Midas Gold in the past 12 months.

Macquarie Capital Markets Canada Ltd or one of its affiliates received compensation for investment advisory services from Midas Gold in the past 12 months.

The primary analyst for Midas Gold has visited its material operations and development assets within the past year; the company has furnished local transportation and accommodations as part of these site visits.


Tahoe Resources (THO CN)

Macquarie Capital Markets Canada Ltd holds options or compensation shares related to Tahoe Resources.

The primary analyst for Tahoe Resources has visited the material operations and development assets of that company within the past year; the company has furnished local transportation and accommodations as part of these site visits.


Mirasol Resources (MRZ CN)

Macquarie Capital Markets Canada Ltd or one of its affiliates managed or co-managed a public offering of securities of Mirasol Resources in the past 12 months.

Macquarie Capital Markets Canada Ltd or one of its affiliates received compensation for investment advisory services from Mirasol Resources in the past 12 months.


AngloGold Ashanti (AU NYSE) disclosure pertains to Johannesburg exchange listing

The Macquarie Group acted as sole bookrunner and financial adviser to the Government of the Republic of Ghana in relation to the selldown of a portion of its holding in AngloGold Ashanti Limited ordinary shares as announced on 19 January 2011.

Within the last 24 months, Macquarie Group has received compensation for investment advisory services from AngloGold Ashanti Ltd.