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Duluth Metals Limited
Investors
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Analyst Reports

Tom Meyer, CFA, P.Eng, Research Analyst - Mining
Raymond James
5300-40 King Street West
Scotia Plaza, P.O. Box 415
Toronto, Ontario
Canada M5H 3Y2
Phone: (416) 777-7000



Simon Tonkin, Research Analyst - Mining
Stifel, Nicolaus & Company
79 Wellington Street West
P.O.Box 37, 21st Floor
Toronto, Ontario M5K 1B7
416-815-3115
stonkin@tweisel.com



Steve Parsons, P.Eng., Research Analyst - Mining
Wellington West Capital Markets Inc.
145 King Street west, Suite 700
Toronto, Ontario M5H 1J8
Telephone: (416)-640-4950



Chris Krueger, Senior Analyst
Northland Securities
45 South 7th Street, Suite 2500
Minneapolis, MN 55402
(612)-851-5900



John C. Tumazos, CFA
John Tumazos Very Independent Research, LLC
11 Yellow Brook Road
Holmdel, NJ 07733
732 444 1083/1085 (land line)
732 740 3574 (cellular)  

Duluth Metals Limited is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Duluth Metals performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Duluth Metals or its management. Duluth Metals does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.