Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Research Coverage on Small and Micro-Cap Companies

Equity Bottom-Up

<ul><li>TRX Gold Corporation is a gold producer operating the Buckreef Gold Mine in Tanzania under a joint venture with the State Mining Corporation ("STAMICO").</li><li> An investment in the Company gives leverage to a growing production profile based on a sound PEA business plan, capitalizing on higher gold prices and the ability to be self-funded.</li><li>This plan sees production growth from 27,000 to over 90,000 ounces per year over the next five years.</li></ul>

TRX Gold Corporation is a gold producer operating the Buckreef Gold Mine in Tanzania under a joint venture with the State Mining Corporation ("STAMICO"). An investment in the Company gives leverage to a growing production profile based on a sound PEA business plan, capitalizing on higher gold prices and the ability to be self-funded.This plan sees production growth from 27,000 to over 90,000 ounces per year over the next five years.

TRX Gold Corporation is a gold producer operating the Buckreef Gold Mine in Tanzania under a joint venture with the State Mining Corporation ("STAMICO").