A ranking of

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PERFORMERS on TSX Venture Exchange

The 2015 TSX Venture 50:

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The 2015 TSX Venture 50® is a ranking of top performers on TSX Venture Exchange spanning clean technology, diversified industries, mining, oil & gas and technology & life sciences.

These companies have shown impressive results in key measures of market performance. The ranking is comprised of 10 companies from each of the five industry sectors, and they were selected based on four equally weighted criteria: market capitalization growth, share price appreciation, trading volume and analyst coverage.

The top ranked companies in each sector are:

Clean technology: Legend Power Systems Inc. TSXV: LPS

Diversified industries: theScore, Inc. TSXV: SCR

Mining: Niocorp Developments Ltd. TSXV: NB

Oil & gas: Ikkuma Resources Corp. TSXV: IKM

Technology & life sciences: Patient Home Monitoring Corp. TSXV: PHM

The Top Performers This year’s top company overall is Ikkuma Resources Corp. (TSXV: IKM) a Western Canadian oil and gas company.

Following the official announcement of the 2015 TSX Venture 50, a selection of Canada’s

professional investment community was polled by TMX Equicom – a division of

TSX Company Services – for their choice of the “Pick of the Street” in each sector.

The Pick of the Street

" TSX Venture Exchange provides a venue for small-cap, early-stage companies to access the capital they need to launch or expand – a market opportunity that is unparalleled globally. We are delighted to recognize the success of these companies."

John McCoach, President, TSX Venture Exchange

This year's Pick of the Street is:

Clean technology: EnWave Corporation TSXV: ENW

Diversified industries: theScore, Inc. TSXV: SCR

Mining: NexGen Energy Ltd. TSXV: NXE

Oil & gas: Pine Cliff Energy Ltd. TSXV: PNE

Technology & life sciences: Patient Home Monitoring Corp. TSXV: PHM

1. THESCORE, INC. (TSXV:SCR) creates mobile-first sports experiences, including personalized real-time news, scores, stats, alerts and daily fantasy sports contests via its mobile sports platforms ‘theScore,’ ‘theScore eSports,’ ‘ScoreMobileFC’ and ‘Swoopt.’ mobile.thescore.com

2. JEMI FIBRE CORP. (TSXV:JFI) is a British Columbia-based forestry company engaged in the ownership of private timberlands, harvesting operations and manufacturing specialty wood products. Its operations consist of a full service contract logging division, a sawmill located in Edgewater, a manufacturing facility in Cranbrook producing pressure treated posts, rails and lumber for agricultural and industrial use, and private timberlands located in the Kootenay region. jemifibre.com

3. PARKIT ENTERPRISE INC. (TSXV:PKT) is an alternative real estate investment firm focused on income-producing parking facilities in the United States. parkitenterprise.com

4. TERRA FIRMA CAPITAL CORPORATION (TSXV:TII) is a full-service real estate finance company that provides customized equity and debt solutions to the real estate industry. tfcc.ca

5. PEOPLE CORPORATION (TSXV:PEO) provides group benefits, group retirement and human resources consulting products and services to companies across Canada. peoplecorporation.com

6. THE WESTAIM CORPORATION (TSXV:WED) is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures and other arrangements. westaim.com

7. INPUT CAPITAL CORP. (TSXV:INP) is an agriculture commodity streaming company with a focus on canola. Through contracts with canola farmers in Western Canada, it purchases a fixed portion of the canola produced, at a fixed price, for the duration of the term of the contract. inputcapital.com

8. XPEL TECHNOLOGIES CORP. (TSXV:DAP.U) supplies automotive paint and headlamp protection films with numerous vehicle-specific applications and a worldwide network of installers. It is the developer of the Design Access Program software, and manufacturer of XPEL™ Automotive Paint and Headlamp Protection Products. xpel.com

9. INTERNATIONAL BARRIER TECHNOLOGY INC. (TSXV:IBH) develops, manufactures and markets proprietary fire retardant building materials. Barrier's PYROTITE® TECHNOLOGY is patent protected in the U.S., Canada and Australia. intlbarrier.com

10. IPLAYCO CORPORATION LTD. (TSXV :IPC) designs, supplies and installs play structures for children worldwide. It also owns and operates a family entertainment centre in Langley, British Columbia. iplaycoltd.com

1. LEGEND POWER SYSTEMS INC. (TSXV:LPS) is an electrical energy conservation company that manufactures and markets a patented device to help commercial and industrial customers achieve voltage optimization. legendpower.com

2. QUESTOR TECHNOLOGY INC. (TSXV:QST) is an international clean air technology company active globally. It provides clean combustion solutions for waste gas and eliminating emissions. questortech.com

3. TITANIUM CORPORATION INC. (TSXV:TIC) provides sustainable solutions to reduce the environmental footprint of the oil sands industry, primarily through its “Creating Value from WasteTM” technology. CVWTM recovers bitumen, solvents and minerals from tailings, in order to prevent these commodities from entering tailings ponds and the atmosphere. titaniumcorporation.com

4. EPICORE BIONETWORKS INC. (TSXV:EBN) supplies products to the global aquaculture industry with a strong focus on the shrimp farming industries of Central and South America, and Asia. epicorebionetworks.com

5. BEVO AGRO INC. (TSXV:BVO) supplies propagated agricultural plants to established greenhouse growers, nurseries and retail outlets throughout North America. It operates 45 acres of greenhouse facilities on a total of 118 acres of land in British Columbia. bevofarms.com

6. CLEAN SEED CAPITAL GROUP LTD. (TSXV:CSX) has developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. cleanseedcapital.com

7. H2O INNOVATION INC. (TSXV:HEO) designs and provides custom-built and integrated water treatment solutions based on membrane filtration technology to municipal, energy and natural resources end-users. h2oinnovation.com

8. PYROGENESIS CANADA INC. (TSXV:PYR) designs, develops, manufactures and sells advanced plasma processes. It provides engineering and manufacturing services, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil and gas, and environmental industries. pyrogenesis.com

9. EGUANA TECHNOLOGIES INC. (TSXV:EGT) is a Calgary, Alberta-based company which manufactures intelligent, high performance and low-voltage power control and conversion solutions for grid interactive energy storage systems for residential, small commercial, and light industrial applications globally. eguanatech.com

10. ENWAVE CORPORATION (TSXV:ENW) offers industrial-scale dehydration technology for commercial applications in the food and pharmaceutical spaces. enwave.net

RANKING METHOD

The 1,971 companies listed on TSX Venture Exchange as of December 31, 2014 were screened through the following filters to determine which companies would qualify as potential 2015 TSX Venture 50 candidates:

• listed on TSX Venture Exchange more than one year as of December 31, 2014

• listed on TSX Venture Exchange on December 31, 2014

• market capitalization greater than C$5 million on December 31, 2014

• closing share price greater than C$0.25 on December 31, 2014

• share price of at least C$0.10 on December 31, 2013

In total, 275 companies qualified for the 2015 TSX Venture 50 ranking. These companies were ranked based on an equally weighted (25%) formula with four criteria:

1. Share Price: one-year share price change as of December 31, 2014

2. Trading: one-year trading volume as of December 31, 2014

3. Market Capitalization: one-year market capitalization [(issued-escrow shares) x price] change as of December 31 2014

4. Analyst Coverage: Number of analysts covering the companies as at December 31 2014

Historical share prices have been adjusted for dividends and/or stock consolidations. All currencies reported in Canadian dollars. TSXV considered companies’ compliance with Exchange Requirements and exercised discretion when determining qualified candidates.

Data SourcesShare Prices, Market Capitalization, Trading Volumes and Stock Splits: TSX and TSXV Market Intelligence Group

Analyst Coverage and Dividends: S&P Capital IQ

All data current as of December 31, 2014.

77

companies listed

$946.4 million market capitalization

966 million shares traded

222

companies listed

$7.3 billion market capitalization

1.9 billion shares traded

CLEAN TECHNOLOGY AND RENEWABLE ENERGY DIVERSIFIED INDUSTRIES

RANKING RANKING

1. PATIENT HOME MONITORING CORP. (TSXV:PHM) provides home-based services in the U.S. to patients with heart disease and other chronic health conditions. phmhometesting.com

2. POET TECHNOLOGIES INC. (TSXV:PTK) designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory. poet-technologies.com

3. SNIPP INTERACTIVE INC. (TSXV:SPN) is an international provider of mobile marketing solutions. It focuses on building cross-device shopper marketing solutions for companies to engage and interact with their customers. snipp.com

4. EXO U INC. (TSXV:EXO) is a software provider that has developed a platform to enable businesses and educational institutions to manage their mobile workforce and students by delivering engaging experiences spanning desktop and mobile applications. exou.com

5. PHOTON CONTROL INC. (TSXV :PHO) designs, manufactures and distributes a range of optical sensors and instruments to measure temperature, pressure, position and flow. photon-control.com

6. SPECTRA7 MICROSYSTEMS INC. (TSXV:SEV) is an analog semiconductor company that provides ultra-light, high-speed, micro-thin interconnects enabling new classes of industrial design for consumer electronic products, including Ultra-HD 4K displays and televisions, virtual reality, wearable computing and tablets. spectra7.com

7. ENGAGEMENT LABS INC. (TSXV:EL) provides an intelligent data on demand platform for agencies, marketing teams and dashboard providers. The platform supports the entire social marketing cycle by providing numerous metrics to measure social performance and return on investment for brands to evaluate and coordinate social media activities across all online channels. engagementlabs.com

8. THERALASE TECHNOLOGIES INC. (TSXV:TLT) designs, develops and manufactures super-pulsed, cold laser technology for a wide range of human, companion animal and equine applications. theralase.com

9. IMPERUS TECHNOLOGIES CORP. (TSXV:LAB) specializes in the convergence of social networking, mobile gaming, and real money gaming and is the developer of CASINA, a social gaming software platform. imperus.com

10. PRONTOFORMS CORPORATION (TSXV:PFM) provides data collection and business process solutions through its proprietary product ProntoForms. This solution incorporates a mobile device app, a web management portal to manage teams and data flow, and provides the ability to export or connect data to the back office or to cloud services. prontoforms.com

1. IKKUMA RESOURCES CORP. (TSXV:IKM) is a junior oil and gas company with holdings in both conventional and unconventional projects in the Foothills region of Western Canada. ikkumarescorp.com

2. MAPAN ENERGY LTD. (TSXV:MPG) is an exploration and production company focused on areas in the western Canadian basin that offer access to both under developed reserves, lands and infrastructure. mapanenergy.com

3. ARPETROL LTD. (TSXV:RPT) is a Calgary-based company engaged in oil and natural gas exploration, development and production, and third-party natural gas processing in Argentina, where it owns and operates a gas processing facility. arpetrol.com

4. PINE CLIFF ENERGY LTD. (TSXV:PNE) is a natural gas focused company in Alberta and Saskatchewan with a long-term view of shareholder value creation. pinecliffenergy.com

5. STONEHAVEN EXPLORATION LTD. (TSXV:SE) is a Canadian oil and natural gas exploration and production company with operations at Fir and Bigstone, Alberta. stonehavenexp.com

6. QUATTRO EXPLORATION AND PRODUCTION LTD. (TSXV:QXP) is focused on the conventional exploration and development of oil and natural gas reserves in Western Canada, primarily in south central Saskatchewan, with an expanding presence in Alberta. It is also focused on opportunities in Central and South America. qxp-petro.com

7. TUSCANY ENERGY LTD. (TSXV:TUS) is an exploration and development company focused on heavy oil projects in the Lloydminster region of Alberta and Saskatchewan. tuscanyenergy.com

8. TORO OIL & GAS LTD. (TSXV:TOO) is a recently created Calgary-based junior resource company led by Barry Olson. It is engaged in the acquisition, development and production of light oil and liquids rich horizons within Western Canada. Toro controls 122 net sections of land in the light oil Alberta Viking fairway. torooil.com

9. KICKING HORSE ENERGY INC. (TSXV:KCK) is focused on the development of Alberta’s liquids-rich Montney Formation tight gas play. kickinghorseenergy.com

10. TAIPAN RESOURCES INC. (TSXV:TPN) is an oil exploration company focused on sub-saharan Africa with interests in oil and gas exploration blocks 1 and 2B in northeast Kenya. Taipan holds its Kenyan interests through it wholly owned subsidiary Lion Petroleum Corp. taipanresources.com

1. NIOCORP DEVELOPMENTS LTD. (TSX:NB formerly TSXV:NB) is a Vancouver-based resource company developing the largest, undeveloped high-grade niobium deposit in North America, located near Elk Creek, Nebraska, in the U.S. niocorp.com

2. EXCELSIOR MINING CORP. (TSXV:MIN) is a mineral exploration and development company that is developing the Gunnison Copper Project. excelsiormining.com

3. NEVADA SUNRISE GOLD CORPORATION (TSXV:NEV) is a gold exploration company with a current portfolio of three exploration projects in Nevada, U.S.: Kinsley Mountain project; Golden Arrow project; and Roulette property. nevadasunrise.ca

4. NEXGEN ENERGY LTD. (TSXV:NXE) is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. It owns a portfolio of uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada. nexgenenergy.ca

5. ROXGOLD INC. (TSXV:ROG) is a gold exploration and development company with its key asset, the Yaramoko Gold Project, located in the Houndé greenstone region of Burkina Faso, West Africa. roxgold.com

6. ASCOT RESOURCES LTD. (TSXV:AOT) is a resource company that explores and develops mineral and resource properties, including gold, silver and copper in North America. ascotresources.ca

7. BACANORA MINERALS LTD. (TSXV:BCN) explores and develops industrial mineral projects, with a primary focus on lithium and borates. The company's operations are based in Hermosillo in northern Mexico and it currently has two projects under development in the state of Sonora. bacanoraminerals.com

8. KAMINAK GOLD CORPORATION (TSXV: KAM) is an exploration and development company focusing on advancing the 100% owned Coffee Gold Project, an open-pit, heap leach project located in the Yukon, Canada. kaminak.com

9. RED EAGLE MINING CORPORATION (TSXV:RD) is a gold exploration and development company focused on discovering and developing gold projects with low costs and low technical risks in Colombia. redeaglemining.com

10. COLUMBUS GOLD CORPORATION (TSXV:CGT) is a gold exploration and development company operating in French Guiana and Nevada. At its 100% owned Paul Isnard Project in French Guiana, Columbus is developing the Montagne d'Or Gold Deposit. In Nevada, it is developing the Eastside oxide gold discovery. columbusgoldcorp.com

MINING

OIL & GAS

TECHNOLOGY & LIFE SCIENCES

RANKING RANKING RANKING

1,201

companies listed

$9.3 billion market capitalization

20.7 billion shares traded

229

companies listed

$5.1 billion market capitalization

9.1 billion shares traded

188

companies listed

$3.9 billion market capitalization

5.5 billion shares traded

1 LPS Legend Power Systems Inc. 3-Jul-08 24,138,211 0.72/0.13 0.13 0.37 185% 5,282,429 21,020,427 298% 56,811,964 - 2 QST Questor Technology Inc. 3-Mar-98 36,580,960 5.05/1.62 1.63 3.07 88% 41,128,763 79,328,401 93% 25,839,870 5 3 TIC Titanium Corporation Inc. 1-Oct-01 31,185,221 2.14/0.48 0.50 0.83 66% 32,089,708 53,472,782 67% 64,425,039 2 4 EBN Epicore BioNetworks Inc. 23-May-91 3,654,175 0.83/0.25 0.25 0.77 208% 6,324,724 19,668,800 211% 25,543,896 - 5 BVO Bevo Agro Inc. 11-Jul-00 880,893 0.39/0.15 0.15 0.39 160% 3,830,390 9,959,014 160% 25,535,933 - 6 CSX Clean Seed Capital Group Ltd. 28-Sep-11 6,957,850 0.89/0.30 0.43 0.51 19% 9,534,300 16,468,622 73% 32,291,416 - 7 HEO H2O Innovation Inc. 1-Mar-06 13,120,399 2.38/1.35 1.43 1.46 2% 20,526,920 30,552,829 49% 20,926,595 - 8 PYR PyroGenesis Canada Inc.° 20-Jul-11 12,754,319 0.83/0.28 0.40 0.31 -23% 9,396,267 12,737,512 36% 41,088,747 1 9 EGT Eguana Technologies Inc. 27-Dec-12 5,232,042 0.65/0.28 0.40 0.33 -18% 11,101,445 19,170,256 73% 58,091,686 - 10 ENW EnWave Corporation + 9-Aug-99 10,500,672 1.52/0.99 1.40 1.20 -14% 113,009,786 101,247,311 -10% 84,372,759 - 1 SCR theScore, Inc. + 24-Oct-12 168,223,949 0.54/0.16 0.17 0.54 218% 33,157,696 136,459,675 312% 252,703,101 2 2 JFI Jemi Fibre Corp. 27-Jun-13 8,690,542 1.39/0.12 0.17 0.83 403% 992,390 31,134,545 3,037% 37,511,500 - 3 PKT Parkit Enterprise Inc. 23-Oct-09 24,260,407 0.80/0.25 0.36 0.55 53% 5,742,785 17,010,908 196% 30,928,923 - 4 TII Terra Firma Capital Corporation° 18-Dec-08 26,797,749 0.91/0.36 0.43 0.69 60% 13,263,350 28,691,787 116% 41,582,300 2 5 PEO People Corporation 30-May-07 14,585,344 3.10/1.30 1.35 2.58 91% 44,728,384 102,963,027 130% 39,908,150 3 6 WED The Westaim Corporation 9-Jan-13 12,346,723 3.48/2.03 2.11 3.05 45% 29,337,841 214,406,893 631% 70,297,342 - 7 INP Input Capital Corp.° 22-Jul-13 37,620,087 2.85/1.82 1.86 2.20 18% 95,170,324 169,540,532 78% 77,063,878 10 8 DAP.U XPEL Technologies Corp. 27-Feb-06 8,408,024 3.84/1.30 1.30 3.14 142% 33,520,435 80,964,743 142% 25,784,950 - 9 IBH International Barrier Technology Inc. 11-Mar-96 9,021,478 0.48/0.13 0.19 0.42 121% 8,437,141 18,692,522 122% 44,506,004 - 10 IPC Iplayco Corporation Ltd.° 26-Nov-03 3,423,427 1.60/0.57 0.60 1.29 115% 6,132,112 26,922,541 339% 20,870,187 - 1 NB Niocorp Developments Ltd.* 12-Feb-09 73,864,941 0.81/0.15 0.15 0.78 420% 15,059,599 97,495,208 547% 124,993,856 - 2 MIN Excelsior Mining Corp.° 18-Oct-10 59,584,746 0.63/0.11 0.12 0.26 122% 5,822,678 29,274,398 403% 114,801,562 2 3 NEV Nevada Sunrise Gold Corporation 22-Sep-08 16,020,459 1.50/0.13 0.15 0.36 140% 1,450,098 8,109,836 459% 22,527,321 - 4 NXE NexGen Energy Ltd.° + 23-Apr-13 142,812,309 0.65/0.23 0.30 0.38 29% 24,467,447 52,509,335 115% 138,182,461 4 5 ROG Roxgold Inc. 16-Jan-07 110,418,407 0.93/0.39 0.45 0.55 24% 75,983,281 158,251,884 108% 287,730,698 8 6 AOT Ascot Resources Ltd. 26-Feb-87 15,228,517 2.40/0.66 0.66 1.77 168% 60,575,244 176,808,357 192% 99,891,727 - 7 BCN Bacanora Minerals Ltd.° 20-Apr-10 19,193,144 1.60/0.32 0.40 0.83 108% 25,316,325 70,023,499 177% 84,365,661 - 8 KAM Kaminak Gold Corporation 23-Nov-05 43,434,173 1.19/0.53 0.56 0.77 38% 49,578,710 94,354,884 90% 122,538,811 7 9 RD Red Eagle Mining Corporation 28-Jun-11 20,098,893 0.41/0.18 0.21 0.30 46% 10,727,408 22,179,814 107% 73,932,714 - 10 CGT Columbus Gold Corporation 24-May-06 37,711,362 0.63/0.30 0.30 0.42 40% 36,310,045 57,185,136 57% 136,155,086 1 1 IKM Ikkuma Resources Corp. ★ 3-Sep-04 230,324,062 6.90/0.35 0.35 0.99 183% 1,007,225 79,356,189 7,779% 80,157,767 4 2 MPG Mapan Energy Ltd. 6-Jul-07 194,859,713 2.52/0.72 0.72 1.15 60% 1,063,221 78,015,016 7,238% 67,839,144 3 3 RPT ArPetrol Ltd. 8-Apr-11 88,541,973 0.68/0.13 0.13 0.28 124% 2,639,607 6,412,411 143% 22,901,468 - 4 PNE Pine Cliff Energy Ltd. + 11-Apr-05 390,016,363 2.13/1.00 1.04 1.68 62% 208,200,469 392,900,355 89% 233,869,259 8 5 SE Stonehaven Exploration Ltd.° 30-Aug-10 74,904,409 2.40/1.00 1.00 1.80 80% 4,885,902 8,794,625 80% 4,885,903 - 6 QXP Quattro Exploration and Production Ltd. 23-Nov-11 10,312,837 0.93/0.10 0.12 0.39 239% 3,954,968 13,566,161 243% 34,785,028 - 7 TUS Tuscany Energy Ltd. 19-Jul-13 9,904,043 0.74/0.15 0.15 0.32 110% 5,905,713 16,359,037 177% 51,121,990 2 8 TOO Toro Oil & Gas Ltd.° 2-Nov-09 45,805,577 4.00/0.88 1.25 1.00 -20% 4,679,028 34,215,537 631% 34,215,537 - 9 KCK Kicking Horse Energy Inc. 28-May-98 118,747,238 7.47/2.00 4.13 3.14 -24% 77,492,568 187,648,956 142% 59,760,814 6 10 TPN Taipan Resources Inc.° 25-Jul-12 92,959,198 0.66/0.14 0.27 0.28 4% 22,909,328 29,830,169 30% 106,536,317 5 1 PHM Patient Home Monitoring Corp. + 8-Jun-10 398,874,261 0.87/0.22 0.30 0.87 190% 29,970,506 158,594,339 429% 182,292,344 2 2 PTK POET Technologies Inc. 5-Dec-07 232,030,965 2.87/0.49 0.52 1.46 181% 68,991,580 243,204,003 253% 166,578,084 - 3 SPN Snipp Interactive Inc.° 6-Mar-12 33,454,234 0.61/0.09 0.13 0.61 369% 3,584,693 35,068,045 878% 57,488,599 - 4 EXO EXO U Inc.° 24-Jun-13 22,655,691 4.56/0.70 0.80 1.99 149% 8,318,968 36,786,113 342% 18,485,484 1 5 PHO Photon Control Inc. 9-Aug-02 52,757,721 0.57/0.26 0.26 0.51 100% 25,963,977 52,114,614 101% 102,185,518 - 6 SEV Spectra7 Microsystems Inc.° 19-Feb-13 113,338,097 1.04/0.26 0.64 0.73 14% 20,377,623 52,120,855 156% 71,398,431 2 7 EL Engagement Labs Inc.° 12-May-09 21,259,080 0.70/0.30 0.30 0.47 57% 2,179,673 11,873,203 445% 25,262,135 - 8 TLT Theralase Technologies Inc. 2-Nov-04 158,211,648 0.78/0.21 0.44 0.57 30% 28,919,576 48,348,137 67% 84,821,293 1 9 LAB Imperus Technologies Corp.° 13-Nov-13 43,714,165 0.66/0.28 0.28 0.42 50% 10,685,380 18,197,985 70% 43,328,535 - 10 PFM ProntoForms Corporation° 20-Aug-09 14,677,162 0.60/0.18 0.20 0.40 100% 13,410,715 31,783,334 137% 79,458,334 3

° Went public via Capital Pool Company® Program + “Pick of the Street” ★ Number 1 company overall

2014 2014 SHARE SHARE SHARE MARKET MARKET MARKET NUMBER OF SECTOR LISTING TRADING 52 WEEK PRICE($) PRICE ($) PRICE CAPITALIZATION($) CAPITALIZATION($) CAPITALIZATION SHARES O/S ANALYST RANKING TICKER COMPANY NAME DATE VOLUME HIGH/LOW 31-DEC-2013 31-DEC-2014 CHANGE 31-DEC-2013 31-DEC-2014 CHANGE 31-DEC-2014 COVERAGE

All data current as of December 31, 2014. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this document and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. The information provided is not an invitation to purchase securities listed on TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this document. Please seek professional advice to evaluate specific securities. This document is not

2015 TSX Venture 50®

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* Graduated to Toronto Stock Exchange on March 9, 2015.

1 LPS Legend Power Systems Inc. 3-Jul-08 24,138,211 0.72/0.13 0.13 0.37 185% 5,282,429 21,020,427 298% 56,811,964 - 2 QST Questor Technology Inc. 3-Mar-98 36,580,960 5.05/1.62 1.63 3.07 88% 41,128,763 79,328,401 93% 25,839,870 5 3 TIC Titanium Corporation Inc. 1-Oct-01 31,185,221 2.14/0.48 0.50 0.83 66% 32,089,708 53,472,782 67% 64,425,039 2 4 EBN Epicore BioNetworks Inc. 23-May-91 3,654,175 0.83/0.25 0.25 0.77 208% 6,324,724 19,668,800 211% 25,543,896 - 5 BVO Bevo Agro Inc. 11-Jul-00 880,893 0.39/0.15 0.15 0.39 160% 3,830,390 9,959,014 160% 25,535,933 - 6 CSX Clean Seed Capital Group Ltd. 28-Sep-11 6,957,850 0.89/0.30 0.43 0.51 19% 9,534,300 16,468,622 73% 32,291,416 - 7 HEO H2O Innovation Inc. 1-Mar-06 13,120,399 2.38/1.35 1.43 1.46 2% 20,526,920 30,552,829 49% 20,926,595 - 8 PYR PyroGenesis Canada Inc.° 20-Jul-11 12,754,319 0.83/0.28 0.40 0.31 -23% 9,396,267 12,737,512 36% 41,088,747 1 9 EGT Eguana Technologies Inc. 27-Dec-12 5,232,042 0.65/0.28 0.40 0.33 -18% 11,101,445 19,170,256 73% 58,091,686 - 10 ENW EnWave Corporation + 9-Aug-99 10,500,672 1.52/0.99 1.40 1.20 -14% 113,009,786 101,247,311 -10% 84,372,759 - 1 SCR theScore, Inc. + 24-Oct-12 168,223,949 0.54/0.16 0.17 0.54 218% 33,157,696 136,459,675 312% 252,703,101 2 2 JFI Jemi Fibre Corp. 27-Jun-13 8,690,542 1.39/0.12 0.17 0.83 403% 992,390 31,134,545 3,037% 37,511,500 - 3 PKT Parkit Enterprise Inc. 23-Oct-09 24,260,407 0.80/0.25 0.36 0.55 53% 5,742,785 17,010,908 196% 30,928,923 - 4 TII Terra Firma Capital Corporation° 18-Dec-08 26,797,749 0.91/0.36 0.43 0.69 60% 13,263,350 28,691,787 116% 41,582,300 2 5 PEO People Corporation 30-May-07 14,585,344 3.10/1.30 1.35 2.58 91% 44,728,384 102,963,027 130% 39,908,150 3 6 WED The Westaim Corporation 9-Jan-13 12,346,723 3.48/2.03 2.11 3.05 45% 29,337,841 214,406,893 631% 70,297,342 - 7 INP Input Capital Corp.° 22-Jul-13 37,620,087 2.85/1.82 1.86 2.20 18% 95,170,324 169,540,532 78% 77,063,878 10 8 DAP.U XPEL Technologies Corp. 27-Feb-06 8,408,024 3.84/1.30 1.30 3.14 142% 33,520,435 80,964,743 142% 25,784,950 - 9 IBH International Barrier Technology Inc. 11-Mar-96 9,021,478 0.48/0.13 0.19 0.42 121% 8,437,141 18,692,522 122% 44,506,004 - 10 IPC Iplayco Corporation Ltd.° 26-Nov-03 3,423,427 1.60/0.57 0.60 1.29 115% 6,132,112 26,922,541 339% 20,870,187 - 1 NB Niocorp Developments Ltd.* 12-Feb-09 73,864,941 0.81/0.15 0.15 0.78 420% 15,059,599 97,495,208 547% 124,993,856 - 2 MIN Excelsior Mining Corp.° 18-Oct-10 59,584,746 0.63/0.11 0.12 0.26 122% 5,822,678 29,274,398 403% 114,801,562 2 3 NEV Nevada Sunrise Gold Corporation 22-Sep-08 16,020,459 1.50/0.13 0.15 0.36 140% 1,450,098 8,109,836 459% 22,527,321 - 4 NXE NexGen Energy Ltd.° + 23-Apr-13 142,812,309 0.65/0.23 0.30 0.38 29% 24,467,447 52,509,335 115% 138,182,461 4 5 ROG Roxgold Inc. 16-Jan-07 110,418,407 0.93/0.39 0.45 0.55 24% 75,983,281 158,251,884 108% 287,730,698 8 6 AOT Ascot Resources Ltd. 26-Feb-87 15,228,517 2.40/0.66 0.66 1.77 168% 60,575,244 176,808,357 192% 99,891,727 - 7 BCN Bacanora Minerals Ltd.° 20-Apr-10 19,193,144 1.60/0.32 0.40 0.83 108% 25,316,325 70,023,499 177% 84,365,661 - 8 KAM Kaminak Gold Corporation 23-Nov-05 43,434,173 1.19/0.53 0.56 0.77 38% 49,578,710 94,354,884 90% 122,538,811 7 9 RD Red Eagle Mining Corporation 28-Jun-11 20,098,893 0.41/0.18 0.21 0.30 46% 10,727,408 22,179,814 107% 73,932,714 - 10 CGT Columbus Gold Corporation 24-May-06 37,711,362 0.63/0.30 0.30 0.42 40% 36,310,045 57,185,136 57% 136,155,086 1 1 IKM Ikkuma Resources Corp. ★ 3-Sep-04 230,324,062 6.90/0.35 0.35 0.99 183% 1,007,225 79,356,189 7,779% 80,157,767 4 2 MPG Mapan Energy Ltd. 6-Jul-07 194,859,713 2.52/0.72 0.72 1.15 60% 1,063,221 78,015,016 7,238% 67,839,144 3 3 RPT ArPetrol Ltd. 8-Apr-11 88,541,973 0.68/0.13 0.13 0.28 124% 2,639,607 6,412,411 143% 22,901,468 - 4 PNE Pine Cliff Energy Ltd. + 11-Apr-05 390,016,363 2.13/1.00 1.04 1.68 62% 208,200,469 392,900,355 89% 233,869,259 8 5 SE Stonehaven Exploration Ltd.° 30-Aug-10 74,904,409 2.40/1.00 1.00 1.80 80% 4,885,902 8,794,625 80% 4,885,903 - 6 QXP Quattro Exploration and Production Ltd. 23-Nov-11 10,312,837 0.93/0.10 0.12 0.39 239% 3,954,968 13,566,161 243% 34,785,028 - 7 TUS Tuscany Energy Ltd. 19-Jul-13 9,904,043 0.74/0.15 0.15 0.32 110% 5,905,713 16,359,037 177% 51,121,990 2 8 TOO Toro Oil & Gas Ltd.° 2-Nov-09 45,805,577 4.00/0.88 1.25 1.00 -20% 4,679,028 34,215,537 631% 34,215,537 - 9 KCK Kicking Horse Energy Inc. 28-May-98 118,747,238 7.47/2.00 4.13 3.14 -24% 77,492,568 187,648,956 142% 59,760,814 6 10 TPN Taipan Resources Inc.° 25-Jul-12 92,959,198 0.66/0.14 0.27 0.28 4% 22,909,328 29,830,169 30% 106,536,317 5 1 PHM Patient Home Monitoring Corp. + 8-Jun-10 398,874,261 0.87/0.22 0.30 0.87 190% 29,970,506 158,594,339 429% 182,292,344 2 2 PTK POET Technologies Inc. 5-Dec-07 232,030,965 2.87/0.49 0.52 1.46 181% 68,991,580 243,204,003 253% 166,578,084 - 3 SPN Snipp Interactive Inc.° 6-Mar-12 33,454,234 0.61/0.09 0.13 0.61 369% 3,584,693 35,068,045 878% 57,488,599 - 4 EXO EXO U Inc.° 24-Jun-13 22,655,691 4.56/0.70 0.80 1.99 149% 8,318,968 36,786,113 342% 18,485,484 1 5 PHO Photon Control Inc. 9-Aug-02 52,757,721 0.57/0.26 0.26 0.51 100% 25,963,977 52,114,614 101% 102,185,518 - 6 SEV Spectra7 Microsystems Inc.° 19-Feb-13 113,338,097 1.04/0.26 0.64 0.73 14% 20,377,623 52,120,855 156% 71,398,431 2 7 EL Engagement Labs Inc.° 12-May-09 21,259,080 0.70/0.30 0.30 0.47 57% 2,179,673 11,873,203 445% 25,262,135 - 8 TLT Theralase Technologies Inc. 2-Nov-04 158,211,648 0.78/0.21 0.44 0.57 30% 28,919,576 48,348,137 67% 84,821,293 1 9 LAB Imperus Technologies Corp.° 13-Nov-13 43,714,165 0.66/0.28 0.28 0.42 50% 10,685,380 18,197,985 70% 43,328,535 - 10 PFM ProntoForms Corporation° 20-Aug-09 14,677,162 0.60/0.18 0.20 0.40 100% 13,410,715 31,783,334 137% 79,458,334 3

° Went public via Capital Pool Company® Program + “Pick of the Street” ★ Number 1 company overall

2014 2014 SHARE SHARE SHARE MARKET MARKET MARKET NUMBER OF SECTOR LISTING TRADING 52 WEEK PRICE($) PRICE ($) PRICE CAPITALIZATION($) CAPITALIZATION($) CAPITALIZATION SHARES O/S ANALYST RANKING TICKER COMPANY NAME DATE VOLUME HIGH/LOW 31-DEC-2013 31-DEC-2014 CHANGE 31-DEC-2013 31-DEC-2014 CHANGE 31-DEC-2014 COVERAGE

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