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eResearch Third Party Research: Teryl Resources Corp.

Teryl Resources (TRC:TSXV) (TRYLF:OTCBB), a Pinnacle Digest Featured
Company of September 2009 (http://www.eresearch.ca/_report/TRC_PD092009-I.pdf) ,
has been active in recent weeks. When we introduced Teryl Resources in September
of 2009 it was a relatively unknown company and traded at C$0.155 per share. Two
months later in November, Kinross Gold (6th largest gold producer in the world)
offered to purchase Teryl’s 20% stake in the Gil Gold Project in Alaska and the stock
skyrocketed to $0.39 per share – providing a massive win for many of our members
and team. In early January, Teryl announced it would be declining Kinross’s offer.
The amount Kinross offered Teryl for its 20% stake in the Gil Gold Project was
never disclosed.

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