Checking In on Victoria Gold's 'Golden' Eagle Project

04/04/2017

Additional Disclosures:

Disclosures from Raymond James, Mining, March 28, 2017

ANALYST INFORMATION: Analyst Compensation: Equity research analysts and associates at Raymond James are compensated on a salary and bonus system. Several factors enter into the compensation determination for an analyst, including i) research quality and overall productivity, including success in rating stocks on an absolute basis and relative to the local exchange composite Index and/or a sector index, ii) recognition from institutional investors, iii) support effectiveness to the institutional and retail sales forces and traders, iv) commissions generated in stocks under coverage that are attributable to the analyst’s efforts, v) net revenues of the overall Equity Capital Markets Group, and vi) compensation levels for analysts at competing investment dealers.

The views expressed in this report accurately reflect the personal views of the analyst(s) covering the subject securities. No part of said person's compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. In addition, said analyst has not received compensation from any subject company in the last 12 months.

Victoria Gold Corporation: Raymond James Ltd. has managed or co-managed a public offering of securities within the last 12 months with respect to VIT.

Raymond James Ltd. has provided investment banking services within the last 12 months with respect to VIT.

Raymond James Ltd. has received compensation for investment banking services within the last 12 months with respect to VIT.

Additional Risk and Disclosure information, as well as more information on the Raymond James rating system and suitability categories, is available for Raymond James at rjcapitalmarkets.com/Disclosures/index and for Raymond James Limited at www.raymondjames.ca/researchdisclosures.

Disclosures from Gold Speculator, March 28, 2017

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