2007 Zeal Trading Performance

2007 Zeal Intelligence Realized Stocks Trades

Gain or Loss

Symbol

Company

Sale

Mnths

Sale Letter

-17.0%

SRLM

Sterling Mining

Stop

0.5

ZIJan08

-1.1%

-11.7%

+9.9%

+12.4%

-14.1%

GRS

GBN

MRB

PIK

Gammon Gold

Great Basin Gold

Metallica Resources

Hecla Mining

Peak Gold

Stop

0.0

0.5

2.0

2.5

1.0

ZIJan08

ZIDec07

-5.9%

-20.0%

-18.7%

-2.7%

+14.7%

OZN

LMC

CRU

MNEAF

JIN

Orezone Resources

Lundin Mining

Crew Gold

Minera Andes

Jinshan Gold Mines

Stop

0.5

1.5

ZIDec07

+47.4%

+28.6%

+27.4%

+2.9%

-5.1%

WGW

SLW

MFN

SRLM

EXK

Western Goldfields

Silver Wheaton

Minefinders

Sterling Mining

Endeavour Silver

Stop

2.5

1.0

0.5

ZIDec07

ZINov07

ZIOct07

-20.0%

-17.1%

-18.7%

-4.2%

-14.9%

UUU

MNEAF

EXK

SRLM

GRS

Uranium One

Minera Andes

Endeavour Silver

Sterling Mining

Gammon Gold

Stop

0.5

1.5

1.0

ZISep07

-3.0%

-2.4%

-5.8%

+11.6%

-8.0%

AZK

MNG

CDE

ANV

Aurizon Mines

Miramar Mining

Coeur d'Alene Mines

Allied Nevada Gold

NovaGold Resources

Stop

1.5

2.5

3.5

ZISep07

+20.1%

+19.2%

+21.6%

-19.4%

+11.2%

WGDFF

SLW

MFN

MGN

PLM

Western Goldfields

Silver Wheaton

Minefinders

Mines Management

PolyMet Mining

Stop

4.5

5.5

8.0

2.0

5.0

ZISep07

ZIJul07

+48.2%

+24.6%

-5.8%

+24.1%

-7.8%

NTO

AUY

YCKM

SRLM

NXG

Northern Orion Resources

Yamana Gold

Yellowcake Mining

Sterling Mining

Northgate Minerals

Sold

Stop

5.0

7.5

0.5

1.5

ZIJul07

ZIJun07

+11.2%

+62.9%

+35.2%

+15.1%

-10.8%

TGB

CUP

GSS

CLG

VGZ

Taseko Mines

Peru Copper

Golden Star Resources

Cumberland Resources

Vista Gold

Stop

Sold

Stop

3.5

5.0

4.5

4.0

1.0

ZIJun07

ZIMay07

ZIApr07

-9.4%

-1.6%

-15.3%

-1.0%

-14.8%

UXG

NXG

GRZ

UXG

NTO

US Gold

Northgate Minerals

Gold Reserve

US Gold

Northern Orion Resources

Stop

1.0

5.0

0.5

1.0

ZIApr07

ZIFeb07

-12.3%

+10.1%

+13.6%

-16.8%

+21.2%

JIN

TGB

EGO

BDE

BGO

Jinshan Gold Mines

Taseko Mines

Eldorado Gold

Bois d'Arc Energy

Bema Gold

Stop

Sold

1.0

3.0

6.0

2.0

ZIFeb07

ZIJan07

Average

+3.7%

2.3

2007 Zeal Intelligence Realized Options Trades

Gain or Loss

Symbol & Bet

Company

Expire

Strike

Sale Letter

-61.5%

GFI Calls

Gold Fields

Jan

17.5

ZIDec07

+216.2%

+127.0%

-66.7%

-50.0%

+228.6%

GDX Calls

NG Calls

NEM Calls

AEM Calls

CCJ Calls

Gold Miners ETF

NovaGold Resources

Newmont Mining

Agnico-Eagle Mines

Cameco

Dec

Sep

Aug

Sep

42.5

-96.9%

+148.9%

-41.7%

-70.7%

-57.0%

GFI Calls

JOYG Calls

NXG Calls

TCK Calls

GG Calls

Gold Fields

Joy Global

Northgate Minerals

Teck Cominco

Goldcorp

Jul

Jun

May

Apr

17.5

2.5

22.5

Average

+25.1%

2007 Zeal Speculator Realized Stocks Trades

Gain or Loss

Symbol

Company

Sale

Mnths

Sale Letter

-17.0%

-17.9%

-13.2%

MNEAF

ANV

GBN

Minera Andes

Allied Nevada Gold

Great Basin Gold

Stop

0.5

ZS122707

ZS121807

-15.5%

-17.4%

-8.0%

+34.1%

-4.7%

VGZ

SRLM

BCM

GRS

Vista Gold

Sterling Mining

Bear Creek Mining

Hecla Mining

Gammon Gold

Stop

1.0

2.0

3.0

0.5

ZS121807

ZS121107

-18.5%

+33.7%

+25.0%

-2.5%

-15.5%

UXG

MRB

MFN

OZN

AUA

US Gold

Metallica Resources

Minefinders

Orezone Resources

Adanac Molybdenum

Stop

0.5

3.0

1.5

1.0

ZS120407

ZS112707

-15.4%

-7.7%

+38.0%

0.0%

+4.6%

CRU

PIK

JIN

CUU

GORO

Crew Gold

Peak Gold

Jinshan Gold Mines

Copper Fox Metals

Gold Resource

Stop

0.5

1.5

2.5

0.0

1.0

ZS112007

ZS111307

+34.9%

+3.9%

+55.5%

+24.7%

-14.0%

VGZ

GBN

WGW

MNEAF

OZN

Vista Gold

Great Basin Gold

Western Goldfields

Minera Andes

Orezone Resources

Stop

1.0

1.5

2.5

1.0

ZS111307

ZS103007

+11.1%

-18.0%

+5.6%

-0.6%

-15.5%

RBY

UXG

SRLM

EXK

GRS

Rubicon Minerals

US Gold

Sterling Mining

Endeavour Silver

Gammon Gold

Stop

0.5

1.0

0.5

ZS102307

ZS101607

ZS100907

ZS091807

ZS090507

-20.1%

-7.6%

-16.5%

-18.1%

-12.8%

EXK

GSS

MNEAF

AXU

AGI

Endeavour Silver

Golden Star Resources

Minera Andes

Aurora Energy Resources

Alamos Gold

Stop

0.0

0.5

1.0

ZS082107

-1.9%

+11.8%

-2.0%

-0.3%

-6.4%

MRB

UXG

SRLM

AZK

MNG

Metallica Resources

US Gold

Sterling Mining

Aurizon Mines

Miramar Mining

Stop

1.5

2.0

2.5

3.0

ZS082107

-6.1%

-11.2%

+10.6%

+26.5%

-1.7%

CDE

WGI

MFN

GPR

Coeur d'Alene Mines

NovaGold Resources

Western Goldfields

Minefinders

Great Panther Resources

Stop

3.0

3.5

4.5

8.0

2.0

ZS082107

ZS081407

ZS080707

-3.7%

-16.0%

+73.5%

-13.4%

+70.6%

GRS

BWR

RSC

NTO

First Majestic Silver

Gammon Gold

Breakwater Resources

Strateco Resources

Northern Orion Resources

Stop

Sold

2.0

1.5

5.5

0.5

6.0

ZS080707

ZS080207

ZS072407

ZS070307

-20.0%

-12.2%

-9.8%

+17.4%

+47.2%

VGZ

MGN

ANV

PLM

AUY

Vista Gold

Mines Management

Allied Nevada Gold

PolyMet Mining

Yamana Gold

Stop

0.5

1.0

1.5

5.0

8.0

ZS062607

ZS061207

+31.1%

-1.0%

-10.2%

+63.6%

+21.5%

EMU

EGY

YCKM

URRE

TGB

Energy Metals

Vaalco Energy

Yellowcake Mining

Uranium Resources

Taseko Mines

Sold

Stop

1.0

2.5

0.5

2.5

4.0

ZS060507

ZS052207

-0.3%

-5.3%

+20.9%

-6.9%

+15.0%

VGZ

NXG

SRLM

TRX

HRG

Vista Gold

Northgate Minerals

Sterling Mining

Terrane Metals

High River Gold Mines

Stop

2.0

2.5

3.5

ZS051507

-10.5%

+31.5%

-9.3%

-13.7%

-10.6%

MGN

CLG

SLW

GPR

WGDF

Mines Management

Cumberland Resources

Silver Wheaton

Great Panther Resources

Western Goldfields

Stop

Sold

Stop

1.0

3.5

2.0

1.5

1.0

ZS050207

ZS041707

ZS032007