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Analyst Coverage

MF Global - Andrew Gardner
Tel: +61 2 8273 8659
Email: agardner@mfglobal.com
Initiated Coverage June 23, 2011

Hartleys Limited - Trent Barnett
Tel: +61 8 9268 3052
Email: trent_barnett@hartleys.com.au
Initiated Coverage July 13, 2011, Updated November 10, 2011 ,

Hallgarten & Company/Knight Capital - Christopher Ecclestone
Tel: 1-973-889-1136
Email: cecclestone@hallgartenco.com
Initiated Coverage October 25, 2010, Updated May 12, 2011

Patersons Securities Ltd - Gary Watson 
Tel: +618 9263 1110
Email: gwatson@psl.com.au
Initiated Coverage March 4, 2011, Updated April 12, 2011 and October 26, 2011

Fat Prophets - David Lennox
Tel: +612 9252 7171
Initiated Coverage April 6, 2011, Updated July 27, 2011 and February 9, 2012

Stifel Nicolaus- George Topping 
Tel: 1-416-815-0888
Email: topping@stifel.com
Initiated Coverage Dec 20, 2011

DISCLAIMER: The above list contains all person(s) known to Cerro Resources, who provide coverage of Cerro Resources NL that have published research reports regarding Cerro in the past, together with contact information furnished by the persons listed above. Although this list is reviewed periodically by Cerro, there may be other analysts who provide coverage who are not referenced herein. Please note that any opinions, estimates or forecasts regarding Cerro's performance made by any analyst are theirs alone and do not represent opinions, forecasts or predictions of Cerro or its management. Cerro does not by its reference herein imply any endorsement of or concurrence with such information, conclusions or recommendations.