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    Paradigm Capital- Don Maclean

    Initiated Coverage - November 8, 2011




_______________________________________________________________________________________________________________ DISCLAIMER: The above list contains all persons known as of November 15, 2011, to Dunav Resources Ltd. ("Dunav") to provide coverage of Dunav or to have published research reports regarding Dunav in the past, together with contact information furnished by the persons listed above. Although this list is reviewed periodically by Dunav, there may be other analysts who provide coverage of Dunav who are not referenced herein. Please note that any opinions, estimates or forecasts regarding Dunav's performance made by any analyst that provides coverage of Dunav are theirs alone and do not represent opinions, forecasts or predictions of Dunav or its management. Dunav does not adopt the statements contained in any analyst's report, does not warrant the accuracy thereof or any information contained therein and undertakes no responsibility for correcting or updating any analyst's report or any information contained therein. Dunav does not, by its reference herein imply any endorsement of or concurrence with such information, conclusions or recommendations.